Momentum Stocks: Baidu Inc (ADR) (NASDAQ:BIDU), Renren Inc (NYSE:RENN), Yelp Inc (NYSE:YELP), Facebook Inc (NASDAQ:FB)
Tencent, owner of the WeChat instant messaging application, is making acquisitions to bolster content and location services amid increased competition from Alibaba Group Holding Ltd. and Baidu Inc. (ADR) (NASDAQ:BIDU). The Shenzhen-based company’s online gaming revenue of 8.5 billion yuan ($1.4 billion) last quarter was unchanged from the previous quarter as sales from titles including…
