On Friday, Shares of Alibaba Group Holding Ltd (NYSE:BABA), gained 7.42% to $63.24.
A painting done for charity by Zeng Fanzhi, one of China’s most popular artists, and Jack Ma, founder of Chinese e-commerce company Alibaba Group Holding Ltd., fetched 42.2 million Hong Kong dollars (US$5.4 million) at a Sotheby’s auction in Hong Kong on Sunday, well above the expected price, according to WSJ.
The piece was sold after a heated bidding war among telephone bidders, who raised their offers by a few million Hong Kong dollars at a time. The painting sold for 21 times its expected price to Chinese entrepreneur and philanthropist Qian Fenglei, according to Sotheby’s.
The sale took place at the packed major auction during Sotheby’s fall sales in Hong Kong. Some in attendance at the evening modern and contemporary Asian Art sale were Chinese buyers who travel to Hong Kong during the weeklong Chinese national holiday. WSJ Reports
Alibaba Group Holding Limited is a holding company. The Company is principally engaged in online and mobile commerce through products, services and technology. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally.
Shares of Halliburton Company (NYSE:HAL), inclined 5.35% to $36.80, during its last trading session, as crude prices rallied into positive territory Friday.
Oil prices were gaining after spending much of the day down after data showed a fifth successive weekly decline in the U.S. oil rig count.
U.S. energy companies reduced the number of oil rigs by 26 last week according to oil services company Baker Hughes (BHI).
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates operate under two divisions, which form the basis for its two operating segments: the Completion and Production segment, and the Drilling and Evaluation segment.
Shares of GoPro Inc (NASDAQ:GPRO), inclined 1.23% to $30.44, during its last trading session.
GoPro, is proud to declare a partnership with legendary Hollywood director, Ridley Scott, on the production of 20th Century Fox’s The Martian. Scott’s use of GoPro cameras in the production of the film represents the biggest cinematic integration of GoPro cameras in a Hollywood release, unlocking creative perspectives of what life on Mars would be like and drawing the viewer closer to the story.
“We used GoPro cameras in several of our biggest scenes in The Martian, and they really allowed us to capture not only the intensity and suspense of these moments, but also the intimacy of the characters themselves,” said Ridley Scott. “New technologies like GoPro give filmmakers the opportunity to really push the language of cinema forward and introduce audiences to new perspectives and layers of storytelling that can really be quite engaging.”
The use of GoPro cameras in the production of The Martian began with Scott using the camera as prop throughout the set, counting as a standard piece of the astronauts’ space suits. However, as Scott reviewed the resulting footage, he discovered the unique perspectives that the GoPro cameras unlocked, enabling a new way to showcase the intimate struggle of astronaut Mark Watney’s life on Mars. As a result, the GoPro cameras became a much larger part of the production than was initially intended.
GoPro, Inc. produces mountable and wearable cameras and accessories, which the Company refers to as capture devices. Additionally, the Company develops and provides desktop editing software and mobile applications for free to consumers. The Company offers HERO line of capture devices, which include HERO2, HERO3 camera, the HERO3+ camera and the HERO4 and HERO.
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