On Thursday, Shares of Alibaba Group Holding Limited (NYSE:BABA), lost -3.83% to $70.32, hitting its lowest level.
Aliyun, Alibaba Group’s (BABA) cloud computing arm, declared that it will establish a new cloud data center in Singapore. Its headquarters for overseas business will also be based out of Singapore to drive Aliyun’s overseas expansion plan. Planned for an early September launch, the Singapore facility will be the seventh globally.
The new cloud data center leverages on Alibaba Group’s recent US$1 billion investment for cloud computing, and will enable more businesses to benefit from secure and reliable Aliyun-powered cloud services while riding on record foreign direct investment flows in Southeast Asia.
“Singapore is a natural destination to be our headquarters for overseas expansion. The city state is a natural springboard into the Asia Pacific region, not only for us, but for our target audience. We are seeing healthy demand for cloud-related data administration services in Singapore because of the ease of doing business, comprehensive transport and telecommunications connections and robust intellectual property regime. The stable geo-political climate and abundance of highly skilled talent are advantages too,” said Sicheng (Ethan) Yu, Vice President of Aliyun.
With direct connections to Aliyun’s data center network via Beijing, Hangzhou, Qingdao, Hong Kong, Shenzhen, and Silicon Valley, the Singapore cloud data center will cater to the cloud computing needs of businesses investing in Southeast Asia with Chinese businesses being a key focus.
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 Transocean Ltd. (NYSE:RIG), declined -2.93% to $13.10, during its last trading session.
Transocean declared the plan for the payment of the second installment of its U.S. dollar-denominated dividend. The installment is $0.15 per share, totaling about $55 million based upon the number of presently outstanding shares. The installment represents the second of four quarterly installments totaling $0.60 per share, or about $218 million in the aggregate paid from additional paid-in capital (“APIC”), approved by shareholders at the company`s 2015 Annual General Meeting.
Dividend Plan - Second Installment
- August 21, 2015 - Ex-Dividend Date
- August 25, 2015 - Record Date
- September 23, 2015 - Installment Payment Date
Transocean Ltd., together with its auxiliaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services.
Finally, The Gap, Inc. (NYSE:GPS), ended its last trade with -1.29% loss, and closed at $33.66, hitting its lowest level.
The Gap stated second quarter fiscal year 2015 results and reaffirmed its full-year earnings per share guidance to be in the range of $2.75 to $2.80, not taking into account the impact from planned actions formerly declared on June 15, 2015.
On a stated basis, Gap Inc.’s second quarter of fiscal year 2015 diluted earnings per share were $0.52, counting the negative impacts associated with foreign currency fluctuations, West Coast port delays, and the planned actions.
Not taking into account the negative impact of about $0.12 from the planned actions, the company’s adjusted diluted earnings per share were $0.64 for the second quarter of fiscal year 2015.
In addition, Gap Inc. distributed about $800 million to shareholders through share repurchases and dividends fiscal year-to-date, reinforcing the company’s commitment to returning excess cash to shareholders.
The Gap, Inc. operates as an apparel retail company worldwide. It offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brand names.
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