On Thursday, Shares of Alibaba Group Holding Limited (NYSE:BABA), gained 1.41% to $79.04.
Alibaba Group Holding Limited, declared it has invested in Mei.com, China’s leading flash sales platform for luxury and fashion products. This cooperation will enhance Mei.com’s supply chain services of the sales of limited time discounted quality products from well-known international luxury and fashion brands to consumers in China.
The investment will enable Alibaba Group to integrate resources from its B2C platform Tmall.com, China’s largest third-party platform for brands and retailers, to form a specialized services team to support Mei.com’s development and assist them in growing their user base, brand cooperation base, logistic services and IT infrastructure services. Mei.com’s close cooperation with a wide selection of luxury brands will complement Tmall.com’s existing selection of affordable luxury goods for Chinese consumers.
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online wholesale marketplace; Alitrip, an online travel booking platform; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.
Shares of JetBlue Airways Corporation (NASDAQ:JBLU), inclined 1.11% to $20.90, during its last trading session.
JetBlue Airways Corporation, declared that several new routes are out for sale, counting Mint service between Boston’s Logan International Airport (BOS) and San Francisco International Airport (SFO), in addition to seasonal Mint service between Boston’s Logan International Airport (BOS) and Barbados’ Grantley Adams International Airport (BGI).
Additional routes accessible for purchase comprise non-stop service between New York’s John F. Kennedy International Airport (JFK) and Daytona Beach International Airport (DAB), and between Charleston International Airport (CHS) and Fort Lauderdale-Hollywood International Airport (FLL).
In addition, the airline declared plans to launch service between Fort Lauderdale-Hollywood (FLL) and Turks and Caicos Islands’ Providenciales International Airport (PLS), subject to receipt of government operating authority. The new route will go out for sale in the coming weeks.
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2014, the company operated a fleet of 13 Airbus A321 aircrafts, 130 Airbus A320 aircrafts, and 60 EMBRAER 190 aircrafts.
Finally, The Hershey Company (NYSE:HSY), ended its last trade with 0.49% gain, and closed at $90.81.
On June 23, The Hershey Company, declared an innovative partnership with the Ghana School Feeding Programme and Project Peanut Butter to provide supplemental nutrition to school children in Ghana.
Ghana is one of the strongest emerging countries in Africa. However, access to basic nutrition is still a challenge, with about 30,000 children suffering from malnutrition annually, according to Project Peanut Butter. Through Energize Learning, Hershey will distribute Vivi, a highly nutritious peanut-based supplement, to children through the Ghanaian school feeding program.
The Vivi supplement, produced in the Hershey-funded Project Peanut Butter factory in Kumasi, Ghana, has been found to enhance the daily caloric intake for hungry children by 25 percent. Distribution will initially be prioritized to school feeding programs in the vicinity of the Kumasi factory and in the northern region of Ghana, where child malnutrition rates are highest. The program aims to reach 50,000 school children by 2016.
The Hershey Company manufactures, imports, markets, distributes, and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and sugar confectionery products; pantry items, such as baking ingredients, toppings, sundae syrups, and beverages; snack items, counting spreads; and gum and mint refreshment products comprising chewing gums and bubble gums.
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