Shares of JD.Com Inc (ADR) (NASDAQ:JD) ended Thursday session in green amid volatile trading. The shares closed up +0.30 points or 1.18% at $25.71 with 5.60 million shares getting traded. Post opening the session at $25.41, the shares hit an intraday low of $25.33 and an intraday high of $25.73 and the price vacillated in this range throughout the day. The company has a market cap of $36.85 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.”
Shares of Corning Incorporated (NYSE:GLW) ended Thursday session in green amid volatile trading. The shares closed up +0.02 points or 0.09% at $22.71 with 5.92 million shares getting traded. Post opening the session at $22.67, the shares hit an intraday low of $22.58 and an intraday high of $22.80 and the price vacillated in this range throughout the day. The company has a market cap of $23.46 billion and the numbers of outstanding shares have been calculated to be 1.04 billion shares.
Corning Incorporated (GLW) on AUGUST 30, 2016 announced its groundbreaking innovation – Corning® Gorilla® Glass SR+. Specifically designed for wearable devices, this new glass composite significantly reduces visible scratches while delivering the toughness, optical clarity and touch sensitivity that make Gorilla Glass famous.
With rigorous daily activity, consumers put their wearable devices to the test, leaving them exposed to damage. To overcome the challenges facing the screens on these devices, Corning scientists developed a new glass composite engineered to better endure the bumps, knocks and scrapes wearables encounter while maintaining the optical clarity and touch sensitivity required for on-the-go connectivity.
In a league of its own
In lab tests, Corning Gorilla Glass SR+ demonstrated superior scratch resistance approaching that of alternative luxury cover materials, while delivering up to 70 percent better damage resistance against impacts and 25 percent better surface reflection than those alternative materials. Such step improvements in optical performance enable longer battery life and improved outdoor readability.
“In early 2015, Corning launched Project Phire with the goal of engineering glass-based solutions with the scratch resistance approaching luxury cover materials, combined with the superior damage resistance of Gorilla Glass,” said Scott Forester, director, innovation products, Corning Gorilla Glass. “Corning Gorilla Glass SR+ delivers a superior combination of properties that is not available in any other material – it is in a class of its own.”