Shares of JD.Com Inc (ADR) (NASDAQ:JD) ended Tuesday session in green amid volatile trading. The shares closed up +0.99 points or 3.87% at $26.54 with 38.09 billion shares getting traded. Post opening the session at $25.72, the shares hit an intraday low of $25.72 and an intraday high of $27.00 and the price vacillated in this range throughout the day. The company has a market cap of $38.09 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 Zynga Inc (NASDAQ:ZNGA) ended Tuesday session in green amid volatile trading. The shares closed up +0.06 points or 2.21% at $2.78 with 18.53 million shares getting traded. Post opening the session at $2.72, the shares hit an intraday low of $2.70 and an intraday high of $2.79 and the price vacillated in this range throughout the day. The company has a market cap of $2.49 billion and the numbers of outstanding shares have been calculated to be 764.83 million shares.
Zynga Inc (ZNGA) on Aug. 25, 2016 announced the launch of FarmVille: Tropic Escape, a spin-off FarmVille mobile experience. Set in an immersive, tropical-themed world, FarmVille: Tropic Escape lets players escape to their very own island adventure, anytime and anywhere. The game is available to download for free on the App Store for iPhone and iPad and on Google Play for Android devices.
“Since launching in 2009, FarmVille has been installed more than 700 million times, making it one of the most beloved social gaming franchises in the world,” said Nicole Opas, General Manager at Zynga. “We are proud to build on that legacy by giving our players a whole new way to experience FarmVille, whether they’ve been fans for over seven years or are just discovering it for the first time. Featuring fun characters, beautifully serene environments and innovative game mechanics, FarmVille: Tropic Escape gives mobile players the ability to carry a piece of paradise in their pocket daily.”
In FarmVille: Tropic Escape, players will journey through a mysterious and exciting island as they complete story-based quests to explore uncharted areas, uncovering rare items and goods along the way. With lovable new characters and companions, players can bask in paradise year-round while running a beachside inn, complete with engaging workshops, island crops and exotic animals. Embarking on creative crafting challenges, players can delight guests with tropical treats including piña coladas, sushi and flower leis. Trusty guides, such as Domingo, the island expert, and surfing and water sports pro, Chloe, help uncover island wonders like the coral reef, smugglers cave and the mysterious shipwreck.
For the first time ever in a FarmVille game, players can earn daily rewards and in-game advantages by completing fun mini games, earning coins, gems and more to deck out their slice of paradise. In addition, players can enhance in-game connections with their friends by trading crafts to obtain advantages across the island. Friends can also create social Beach Clubs and live chat tropical secrets and strategies with each other in real-time.