On Tuesday, Shares of Alibaba Group Holding Limited (NYSE:BABA), lost -4.69% to $60.91.
Alibaba Group Holding Limited declared it has established Alibaba Sports Group together with Sina Corporation and Yunfeng Capital to transform China’s sports industry through Internet-enabled technologies.
Alibaba Sports Group will be majority-owned by Alibaba Group. Daniel Zhang, Alibaba Group’s chief executive officer, will serve as chairman of Alibaba Sports Group. Zhang Dazhong, the former vice president of Shanghai Media Group, will serve as Alibaba Sports Group’s chief executive officer.
Alibaba Sports Group aims to leverage Alibaba Group’s vast e-commerce ecosystem, Sina’s media resources, and Mr. Zhang Dazhong’s deep experience with China’s new media and sports sectors to create an Internet-based, consumer-centric sports platform that targets to create value for sports industry participants and enhance consumers and sports fans engagement with sports teams and brands.
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), inclined 5.50% to $14.19, during its last trading session.
Transocean declared that the company will convene an Extraordinary General Meeting of Shareholders (“EGM”). The EGM, which will be open to shareholders of record as of October 12, 2015, will be held at 5:00 p.m., CEST, on October 29, 2015, in Cham, Switzerland. Additional details on the EGM will be offered to shareholders and be made publicly available in a proxy statement that will be filed with the U.S. Securities and Exchange Commission.
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, Navient Corporation (NASDAQ:NAVI), ended its last trade with 3.02% gain, and closed at $12.30.
Navient Corporation declared that President and CEO Jack Remondi will speak at the 2015 Barclays Global Financial Services Conference on Thursday, Sept. 17. Remondi will deliver remarks at 4:15 p.m. EDT in New York City.
A live audio webcast, together with any written materials or slides used during the presentation, will be available at navient.com/investors. A replay will be available about two hours following the presentation through Oct. 1.
Navient Corporation provides financial products and services in the United States. The company operates in four segments: FFELP Loans, Private Education Loans, Business Services, and Other.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
