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New | Qihoo 360 leads in early trading of China's US-listed American depository receipts
Chinese internet stocks popped at the open of the market in New York on Wednesday. Leading the way was the internet services company Qihoo 360, with shares climbing 5 per cent to US$61.51 at 11am.
Baidu, China’s biggest search engine, rose 2.25 per cent to US$196.84. Internet media giant Sina Corp's shares were up 2.3 per cent at US$51.64.
In the run up to the biggest internet shopping day of the year on November 11, Chinese e-commerce shares were slightly cooler.
China’s biggest e-commerce firm Alibaba Group Holdings shares hit US$84.62, up 1.41 per cent. Rival JD.com shares were up 0.58 per cent to US$29.54.
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