Chinese equities posted sharp declines Monday on concerns of tighter lending in China. The Shanghai Composite Index declined 5.3 percent to 1963.24, its largest drop in nearly four years and its lowest point since December. The index now has fallen over 13 percent year-to-date. The People's Bank of China has urged banks to better manage risks as interbank lending rates to surged to highs of 30 percent last week. ?It is not that there is no money but that the money is being put in the wrong place,? China's official Xinhua news agency said in a commentary. ?The more important question to consider is not whether there is a shortage of money but how it is being used.?

E Commerce China Dangdang Inc. (NYSE: DANG) shares traded in the range of $6.03 to $6.62 Monday before settling to close at $6.21, a decrease of 11.91 percent. The stock appears to be facing resistance at the $6.65 and $6.95 levels. The company expects revenues for the second quarter of 2013 to be approximately RMB 1,486 million, representing an increase of roughly 23 percent year-over-year. Shares of Dangdang have gained approximately 49.6 percent in 2013.

More information on Dangdang and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DANG

Perfect World Co., Ltd. (NASDAQ: PWRD) shares traded in the range of $14.35 to $15.61 Monday before settling to close at $14.85, a decrease of 6.13 percent. The stock appears to be facing resistance at the $15.71 and $16.21 levels. The company expects revenues for the second quarter of 2013 to be in the range of RMB 656 million to RMB 687 million, representing a sequential growth of 5 percent to 10 percent. Shares of Perfect World have gained approximately 39.0 percent in 2013.

More information on Perfect World and access to the free equity report can be found at:
www.WallStreetFundamentals.com/PWRD

Sohu.com Inc. (NASDAQ: SOHU) shares traded in the range of $58.25 to $61.88 Monday before settling to close at $58.90, a decrease of 6.03 percent. The stock appears to be facing resistance at the $59.63 and $61.95 levels. The company expects revenues for the second quarter of 2013 to be in the range of $333 million to $342 million. Shares of Sohu have gained approximately 24.4 percent in 2013.

More information on Sohu and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SOHU

Vipshop Holdings Ltd. (NYSE: VIPS) shares traded in the range of $23.26 to $25.81 Monday before settling to close at $25.53, a decrease of 3.62 percent. The stock appears to be facing resistance at $25.77 with some support at $23.58. The company expects revenues for the second quarter of 2013 to be in the range of $330 million and $335 million, representing a year-over-year growth of roughly 144 percent to 148 percent. Shares of Vipshop have gained approximately 43.1 percent in 2013.

More information on Vipshop and access to the free equity report can be found at:
www.WallStreetFundamentals.com/VIPS

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