On Monday, Shares of Alibaba Group Holding Limited (NYSE:BABA), lost -2.24% to $80.23.
Alibaba Group Holding Ltd.’s financial associate has designs on becoming an all-round Chinese services juggernaut, and is willing to let investors join in as it takes on entrenched state-run institutions, according to Bloomberg.
Zhejiang Ant Small & Micro Financial Services Group Co., which sold 12.4 percent of its shares to investors in its last financing round, remains open to raising more capital as it ventures into areas from insurance to credit ratings, newly designated President Eric Jing said in an interview. Bloomberg Reports.
The company known as Ant Financial, which dominates e-commerce payments in China, was said to be valued at over $40 billion in its latest round — making it one of the world’s largest private tech companies. It manages the nation’s biggest money market fund Yu’E Bao and is targeting smaller borrowers to tap a market overlooked by traditional banks. Bloomberg added.
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.
Shares of The Bank of New York Mellon Corporation (NYSE:BK), declined -0.57% to $41.55, during its last trading session.
The Bank of New York Mellon Corporation, has been designated trustee, registrar, paying agent and transfer agent for Brazilian food company BRF S.A.’s first green bonds, a 500 million euros senior notes issuance.
The proceeds of the euro-denominated offering are earmarked for eligible projects in energy efficiency, limiting greenhouse gas emissions, renewable energy, water administration, sustainable and efficient packaging, sustainable forest administration, and raw material reduction.
The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Administration and Investment Services.
Finally, Infinera Corporation (NASDAQ:INFN), ended its last trade with -0.78% loss, and closed at $21.05.
Infinera Corporation, declared that it will release its financial results for the second quarter of fiscal 2015 ended June 27, 2015, after the close of market on NASDAQ on Wednesday, July 22, 2015.
An investment community conference call to talk about these results and Infinera’s outlook will be held the same day at 5:30 p.m. ET/2:30 p.m. PT and will be accessible live and on an archived basis as follows:
Second Quarter 2015 Financial Results Conference Call and Webcast
Date: Wednesday, July 22, 2015
Time: 5:30 p.m. ET/2:30 p.m. PT.
Infinera Corporation provides optical transport networking equipment, software, and services for telecommunications service providers, Internet content providers, cable operators, wholesale and enterprise carriers, research and education institutions, and government entities worldwide.
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