Shares of JD.Com Inc (ADR) (NASDAQ:JD) ended Friday session in red amid volatile trading. The shares closed down -0.49 points or -1.82% at $26.37 with 13.94 million shares getting traded. Post opening the session at $26.86, the shares hit an intraday low of $26.34 and an intraday high of $26.95 and the price vacillated in this range throughout the day. The company has a market cap of $37.37 billion and the numbers of outstanding shares have been calculated to be 2.89 billion shares.
On Sept. 08, 2016 (JD), China’s largest e-commerce company by revenue, and Bacardi, the world’s largest privately held spirit producer, have jointly announced a strategic partnership under which JD.com will become Bacardi’s strategic e-commerce partner for its full line of products in China, marking a significant move to further build Bacardi’s brand and business in the country.
Under the new agreement, Chinese consumers will have online access through JD.com to the most iconic and popular imported spirit brands, including BACARDÍ® rum, GREY GOOSE® vodka, DEWAR’S® blended Scotch whisky, BOMBAY SAPPHIRE® gin, MARTINI® vermouth and sparkling wines, and other leading brands in the Bacardi portfolio.
The cooperation will also include online promotions of Bacardi products available exclusively on JD.com, as well as customized brand marketing support. The two companies will work together to bring China’s cocktail culture to the next level through promotions that educate Chinese consumers on how to prepare and enjoy cocktails prepared with premium Bacardi spirits.
“This strategic cooperation with JD.com is a major step for Bacardi’s e-commerce development in China,” said Paul Chin, Chief Executive Officer of Bacardi Greater China, North Asia and Oceania. “Bacardi’s premium spirits are essential to the world’s favorite cocktails. Working with JD.com helps us effectively target discerning Chinese consumers by providing the most convenient and trustworthy online channel for purchasing premium Bacardi products.”
“We are very excited to deepen our partnership with Bacardi, which has exceptional products and outstanding brand recognition in China,” said Carol Fung, president of JD.com’s Fast-Moving Consumer Goods Business Unit. “As the most trusted e-commerce platform for imported liquor in China, JD.com is increasingly the first choice for China’s upwardly mobile consumers when purchasing spirits. We look forward to leveraging JD.com’s excellent user experience and amazingly fast delivery to further raise consumer awareness of Bacardi’s premium portfolio of spirits.”
Shares of Nokia Corp (ADR) (NYSE:NOK) ended Friday session in red amid volatile trading. The shares closed down -0.13 points or -2.23% at $5.70 with 13.61 million shares getting traded. Post opening the session at $5.76, the shares hit an intraday low of $5.70 and an intraday high of $5.77 and the price vacillated in this range throughout the day. The company has a market cap of $32.82 billion and the numbers of outstanding shares have been calculated to be 5.77 billion shares.
On Sept. 1, 2016 Nokia and Jiangsu Telecom, a regional branch of China Telecom, are deploying China’s first commercial Carrier WAN-SDN project in data centers in Yangzhou, Changzhou and other cities in Jiangsu, a neighboring province of Shanghai. The deployment will help Jiangsu Telecom achieve seamless, transparent and flexible management of Internet Data Centers (IDC) in a unified manner.
The popularity of cloud technologies has revealed the limitations of previous IDC router technology, showing that it fails to support a seamless connection with the WAN and meet ever-growing data demand. Older technology also keeps IDC management and maintenance efficiency at a low level, hindering the development of Internet services.
Jiangsu is deploying Nokia’s Networks Services Platform (NSP) to program its powerful core network router, the next-generation 7950 XRS (Extensible Routing System). The XRS provides the large capacity along with programmability to build the core that connects the datacenters. The NSP is then able to program the core to optimize the use of the resources by load-balancing the traffic and adjusting to changing traffic demands. As a result, Jiangsu Telecom will dramatically increase the flexibility of its network, reduce overhead costs, meet the ever-growing data demands of its subscriber base and support various application scenarios such as accessing and connecting IDCs. Jiangsu will also be able to pave the way for the future development of applications including High Definition video, IoT and smart homes.