Stock Watch: Climbs on Expansion News

Shares of Internet services/portal company (Nasdaq: CHINA) climbed nearly 23 percent on Tuesday, gaining 18-3/16 to 98-1/8 after the company announced that it is expanding its presence in Taiwan. announced the creation of e-Direct Corporation, a joint venture with Taiwan-based Accton Technology Corporation. The new company will be based in Taipei and provide news, e-commerce and direct marketing services. will own 60 percent of the company., which split its stock 2-for-1 after the markets closed on Monday, continued to see its stock rise in early trading today. Shares of were up 1-7/8 to 100.

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