On Friday, Shares of Microsoft Corporation (NASDAQ:MSFT), gained 2.25% to $47.75.
Fortinet®(FTNT), declared a partnership with Microsoft (MSFT) to provide high-performance network security for Microsoft Azure. Fortinet’s unrivaled FortiGate-VM next generation firewall assists enable Azure enterprise customers to improve security for their cloud-based workloads and meet security and compliance requirements.
FortiGate-VM is plannedally designed to assist customers better mitigate potential blind spots by implementing critical network security controls counting bi-directional stateful firewalling, intrusion prevention, application control, VPN, together with additional security controls within their Azure Virtual Network.
Microsoft Corporation develops, licenses, markets, and supports software, services, and devices worldwide. The company’s Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system.
Shares of SouFun Holdings Ltd. (NYSE:SFUN), declined -4.40% to $7.60, during its last trading session.
SouFun Holdings, will report its unaudited first quarter 2015 financial results before the U.S. market opens on Wednesday, May 20, 2015.
SouFun’s administration team will host a conference call on the same day at 8:00 AM U.S. EST (8:00 PM Beijing/Hong Kong time).
SouFun Holdings Limited operates a real estate Internet portal, and home furnishing and improvement Websites in the People’s Republic of China. The company offers marketing services on its Websites, primarily through advertisements to real estate developers in the marketing phase of new property developments, in addition to to real estate agencies; and suppliers of home furnishing and improvement, and other home-related products and services.
At the end of Friday’s trade, Shares of JD.com, Inc. (NASDAQ:JD), gained 2% to $33.74.
Tuniu Corporation, declared that it has reached definitive agreements with a group of investors for the issuance and sale of US$500 million in newly issued Class A ordinary shares in aggregate.
As part of the agreements, JD.com, will purchase a total of US$350 million newly issued Class A ordinary shares of Tuniu through a combination of US$250 million in cash and US$100 million in resources as part of the two companies’ jointly declared planned agreement. In addition, Unicorn Riches Limited, an associate of Hony Capital; DCM Ventures China Turbo Fund, L.P. and DCM Ventures China Turbo Associates Fund, L.P., both associates of DCM V, L.P.; Ctrip Investment Holding Ltd., a partner of Ctrip.com International, Ltd. (CTRP); Esta Investments Pte Ltd, an associate of Temasek Holdings; and Sequoia Capital 2010 CV Holdco, Ltd, an associate of Sequoia Capital, will purchase US$80 million, US$20 million, US$20 million, US$20 million and US$10 million of newly issued Class A ordinary shares, respectively. Each of the investors has agreed not to sell, transfer or dispose of any shares attained in the transaction for six months after the closing.
The purchase price will be US$16.00 per ADS, or the equivalent of about US$5.33 per Class A ordinary share, which represents the approximate average closing trading price of the Company’s ADSs for the 20 trading days preceding to the signing of the agreements. Following the transaction, JD.com will hold about 27.5% of the Company’s outstanding shares and become the Company’s largest shareholder.
JD.com, Inc., through its auxiliaries, operates as an online direct sales company in the People’s Republic of China. It primarily offers electronics and home appliances products; and general merchandise products, counting audio and video products, and books. The company sells its products directly to customers through its Website jd.com and mobile applications.
Finally, MagneGas Corporation (NASDAQ:MNGA), ended its last trade with 13.07% gain, and closed at $0.95.
MagneGas Corporation, declared that a major cement company in the U.S. has approved MagneGas® fuel to replace acetylene and has placed their first order for a location in Florida.
The cement company has locations throughout the Southeastern U.S., the Caribbean, and South America with over 300 ready mix plants and 2,000 mixers. They have been testing MagneGas® for use in plant repairs and placed their first order for a location in Florida. The Company anticipates that they will roll-out to multiple additional locations in the coming weeks.
MagneGas Corporation, an alternative energy company, hydrogen based alternative fuel through the gasification of carbon-rich liquids in the United States and internationally. The company produces and distributes gas bottled in cylinders to the metalworking market as an alternative to acetylene.
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