Shares of JD.Com Inc (ADR) (NASDAQ:JD) ended Wednesday session in green amid volatile trading. The shares closed up +0.01 points or 0.04% at $26.55. Post opening the session at $26.57, the shares hit an intraday low of $26.48 and an intraday high of $26.78 and the price vacillated in this range throughout the day. The company has a market cap of $39.80 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 Symantec Corporation (NASDAQ:SYMC) ended Wednesday session in green amid volatile trading. The shares closed up +0.11 points or 0.44% at $24.92. Post opening the session at $24.71, the shares hit an intraday low of $24.71 and an intraday high of $24.92 and the price vacillated in this range throughout the day. The company has a market cap of $15.68 billion and the numbers of outstanding shares have been calculated to be 615.59 million shares.
Symantec Corporation (SYMC) on August 12, 2016 announced that CRN, a brand of The Channel Company, has named Greg Clark, CEO of Symantec, to its 2016 list of Top 100 Executives and John Thompson, Global VP of Partner and Channel Sales, to its 2016 Top 25 Channel Sales Leaders. These annual lists recognize leaders from the technology industry who have played an integral role in shaping IT channel, whether by driving huge cultural shifts, creating rich opportunities or forging innovative new routes to success.
Greg Clark is a security industry veteran with a proven track record in building large, global companies to scale. During his five-year tenure at Blue Coat, Clark was an unparalleled leader, navigating Blue Coat through the rapidly changing world of cybersecurity and making several strategic acquisitions, including that of Perspecsys and Elastica, to strengthen the company’s technology offering. Following the closing of Symantec’s acquisition of Blue Coat on August 1, Clark now serves as the CEO of Symantec and has joined the Symantec Board. Prior to his roles at Symantec and Blue Coat, Clark founded security software firm Dascom, which later became the foundation for IBM’s Tivoli security product. At IBM, he served as a distinguished engineer for security.
John Thompson runs Symantec’s Worldwide Partner Sales, which is a multi-billion dollar ecosystem that includes more security software revenue with the partner community than any other company in the marketplace. Building on two decades of industry experience, Thompson has spent the past two years at the helm of Symantec’s channel led organization overseeing partner incentive programs, sales and coverage models across all partners resulting in new revenue growth for Symantec. Partners will continue to be a pivotal aspect of Symantec’s route to market strategy.
“The executives on our 2016 Top 100 list have led their companies to extraordinary achievements, both technological and entrepreneurial,” said Bob Faletra, CEO of CRN. “We congratulate each of this year’s Top 100 Executives and celebrate their trailblazing contributions to the advancement of the IT channel.”