Shares of JD.Com Inc (ADR) (NASDAQ:JD) ended Friday session in red amid volatile trading. The shares closed down -0.16 points or -0.62% at $25.55 with 9.84 million shares getting traded. Post opening the session at $25.90, the shares hit an intraday low of $25.52 and an intraday high of $26.07 and the price vacillated in this range throughout the day. The company has a market cap of $37.08 billion and the numbers of outstanding shares have been calculated to be 2.89 billion shares.
JD.Com Inc (ADR) (JD) on Aug. 31, 2016 announced it will be the exclusive authorized online retailer in China for the popular Wolf Blass Red Label brand, comprising 12 wines, including two wines that will be available for the first time on a Chinese e-commerce platform, Moscato and Pink Moscato.
Announcement represents an expansion of the strategic partnership between Treasury Wine Estates (TWE), one of the world’s largest wine companies, and JD.com launched in June 2015. Since then, the range of TWE wines available on JD.com has increased to include eight of its brands, encompassing more than 50 wines, with JD.com becoming one of TWE’s largest e-commerce partners in China.
“Our partnership with JD.com has enabled us to continue to grow brand awareness and consumer demand for our wines in China, and we are very excited to further expand this partnership to include our popular Wolf Blass Red Label,” said Robert Foye, TWE’s President and MD Asia, Europe & Latin America. “JD.com’s deep understanding of China’s rapidly growing audience of wine consumers, commitment to providing the best imported wines, reputation for authenticity, and seamless logistics solutions make it the ideal e-commerce partner for us in China.”
“The addition of TWE’s popular Wolf Blass Red Label brand to our offering is an exciting development that reflects our strong collaboration with them over the past year,” said Carol Fung, president of JD.com’s Fast-Moving Consumer Goods Business Unit. “As demand for imported wine among Chinese middle class consumers continues to grow, JD.com is solidifying its position as the trusted go-to source for an ever-expanding range of top-quality imported wines. Our strategy of directly sourcing from leading international brands and introducing wines from outstanding wine producing regions allows us to offer consumers some of the best values on top wines from around the world.”
Shares of Mobileye NV (NYSE:MBLY) ended Friday session in red amid volatile trading. The shares closed down -0.09 points or -0.18% at $49.10 with 2.35 million shares getting traded. Post opening the session at $49.27, the shares hit an intraday low of $48.93 and an intraday high of $50.07 and the price vacillated in this range throughout the day. The company has a market cap of $10.83 billion and the numbers of outstanding shares have been calculated to be 218.85 million shares.
On Aug. 23, 2016 Mobileye (MBLY) and Delphi Automotive PLC (DLPH) announced a partnership to jointly develop a complete SAE Level 4/5 automated driving solution. The program will result in an end-to-end production-intent fully automated vehicle solution, with the level of performance and functional safety required for rapid integration into diverse vehicle platforms for a range of customers worldwide. The partners’ CSLP platform will be demonstrated in combined urban and highway driving at the 2017 Consumer Electronics Show in Las Vegas and production ready for 2019.
Mobileye is the world leader in computer vision systems, mapping, localization and machine learning focused on the automotive domain. Delphi is a world leader in automated driving software, sensors and systems integration. Working together, the two companies will co-develop the market’s first turnkey Level 4/5 automated driving solution.
The automated driving solution will be based on key technologies from each company. These include Mobileye’s EyeQ® 4/5 System on a Chip (SoC) with sensor signal processing, fusion, world view generation and Road Experience Management (REM™) system, which will be used for real time mapping and vehicle localization. Delphi will incorporate automated driving software algorithms from its Ottomatika acquisition, which include the Path and Motion Planning features, and Delphi’s Multi-Domain Controller (MDC) with the full camera, radar and LiDAR suite. In addition, teams from both companies will develop the next generation of sensor fusion technology as well as the next generation human-like “driving policy.” This module combines Ottomatika’s driving behavior modeling with Mobileye’s deep reinforcement learning in order to yield driving capabilities necessary for negotiating with other human drivers and pedestrians in complex urban scenes.
“The Mobileye and Delphi relationship started in 2002 with the implementation of what was one of the most advanced active safety systems of the time. Our long history together is key to the success of this ambitious endeavor,” said Professor Amnon Shashua, Mobileye Chairman and Chief Technology Officer. “Our partnership with Delphi will accelerate the time to market and enable customers to adopt Level 4/5 automation without the need for huge capital investments, thereby creating a formidable advantage for them.”