On Tuesday, Shares of Alibaba Group Holding Limited (NYSE:BABA), gained 1.26% to $88.21.
Alibaba.com, the leading platform for global wholesale trade owned by Alibaba Group, launched Trade Assurance, a free service designed to create trust in trade by giving businesses peace of mind when trading with China. Through the use of data analytics on a supplier’s past performance and Alibaba.com trading history, Trade Assurance provides global buyers with a set of features and protections to assist ensure a supplier honors certain details of their contract with the buyer. Trade Assurance is right away accessible to all of Alibaba.com’s millions of global buyers that are ready to trading internationally.
According to recent analysis from Frost & Sullivan2, B2B online sales will likely hit 25 trillion USD by 2020, accounting for close to 27 percent of total global manufacturing trade. Buying online from traders across the globe gives businesses access to a wider range of products and more competitive prices, but some businesses, especially small and medium businesses, are often reluctant to trade across borders due to concerns about payment security or product quality.
Alibaba.com’s new Trade Assurance service aims to make trading easier and offers businesses of all sizes peace of mind when buying goods online. The free payment protection service is presently accessible from participating suppliers in China with plans to roll out the service to global suppliers over the next few years. Alibaba.com will refund up to 100% of the Trade Assurance Amount1 that was agreed between the buyer and supplier on a contracted purchase if the order is not shipped by the date agreed in the contract and/or the products do not meet the quality requirements set out in the contract.
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 business-to-business marketplace that focuses on global trade among businesses; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.
Shares of SanDisk Corp. (NASDAQ:SNDK), lost -0.25% to $67.33, during its last trading session.
SanDisk Corporation, will host a conference call Wednesday, July 22, 2015 at 2 p.m., Pacific, to talk about its fiscal second quarter 2015 financial results.
To listen to the conference call, please dial 719-325-4800 at least 10 minutes before the call commences.
SanDisk Corporation designs, develops, manufactures, and markets data storage solutions in the United States and internationally. The company offers removable cards, which are used in various applications and consumer devices, counting digital cameras, camcorders, smartphones, tablets, and eReaders under the SanDisk Ultra, SanDisk Extreme, and SanDisk Extreme PRO brands; and embedded products that are used in mobile phones, tablets, notebooks, and other portable and wearable devices, in addition to in automotive and connected home applications under the brand name iNAND.
At the end of Tuesday’s trade, Shares of JA Solar Holdings Co., Ltd. (NASDAQ:JASO), lost -1.37% to $9.37.
JA Solar, declared its unaudited financial results for its first quarter ended March 31, 2015.
First Quarter 2015 Highlights:
- Total shipments were 681.5 megawatts (“MW”), an enhance of 6.8% y/y and decrease of 28.5% sequentially
- Shipments of modules and module tolling were 584.1 MW, an enhance of 50.5% y/y and decrease of 33.6% sequentially
- Shipments of cells and cell tolling were 97.4 MW, a decrease of 61.1% y/y and an enhance of 33.2% sequentially
- Net revenue was RMB 2.4 billion ($387.7 million), an enhance of 5.6% y/y and a decrease of 32.8% sequentially
- Gross margin was 16.1%, a decrease of 60 basis points y/y and an enhance of 60 basis points sequentially
- Operating profit was RMB 149.6 million ($24.1 million), contrast to RMB 160.9 million ($26.0 million) in the first quarter of 2014, and RMB 222.4 million ($35.9 million) in the fourth quarter of 2014
- Net income was RMB 35.0 million ($5.6 million), contrast to RMB 85.0 million ($13.7 million) in the first quarter of 2014, and RMB 166.1 million ($26.8 million) in the fourth quarter of 2014
- Earnings per diluted ADS were RMB 0.59 ($0.10), contrast to RMB 1.41 ($0.23) in the first quarter of 2014, and RMB 2.55 ($0.41) in the fourth quarter of 2014
- Cash and cash equivalents were RMB 1.9 billion ($306.2 million), a decrease of RMB 256.7 million ($41.4 million) during the quarter.
JA Solar Holdings Co., Ltd., together with its auxiliaries, designs, develops, manufactures, and sells photovoltaic solar cells and solar power products based on crystalline silicon technologies. The company’s principal products comprise monocrystalline and multicrystalline solar cells and modules.
Finally, Anadarko Petroleum Corporation (NYSE:APC), ended its last trade with -1.67% loss, and closed at $83.56.
Anadarko Petroleum selected a group of developers counting Chicago Bridge & Iron Co. for a potential $15 billion liquefied natural-gas project in Mozambique, according to Bloomberg.
CBI’s joint venture with Japan-based Chiyoda Corp. and Saipem SpA, based in Italy, will work on the onshore project that comprises two LNG units with 6 million metric tons of capacity each, Anadarko said Monday.
The decision is a noteworthy step toward reaching a final investment decision and demonstrates a “continued commitment to advancing this important project toward first cargoes,” Chief Executive Officer Al Walker said in the statement, Bloomberg Reports.
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing. The Oil and Gas Exploration and Production segment explores for and produces natural gas, oil, condensate, and natural gas liquids (NGLs).
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