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New | Qihoo 360 leads in early trading of China's US-listed American depository receipts

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Qihoo 360's shares climbed 5 per cent in late morning trade in New York. Photo: AP

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.

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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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