On Thursday, Alibaba Group Holding Ltd (NYSE:BABA)’s shares declined -1.34% to $83.50.
Alibaba Group and the Walt Disney Company declared a multi-year license agreement for an over the top service (OTT) that for the first time connects customers, physical products and digital entertainment. Launched recently, DisneyLife provides Alibaba customers in China with an all-encompassing and immersive family friendly digital experience.
DisneyLife is the only holistic home-based kids and family digital destination accessible in the Chinese market. It features a vast collection of Disney and Pixar’s most loved movies, animation series, games, e-books, songs, travel services and Disney theme parks and resorts information and much more. The Mickey Mouse-themed device will be accessible for pre-sale via Tmall.com from December 15th and will cost RMB799 (USD125.00) inclusive of a one year subscription of DisneyLife of a base package.
Set within an immersive Disney environment, families are transported into the magical world of Disney. Families can enjoy Disney and Pixar’s most popular family feature films counting “Frozen,” “Cinderella,” “Big Hero 6,” “The Lion King,” “Tangled,” “Toy Story,” “Monsters University,” “Cars,” “The Incredibles,” and many more hit movies. Favorite animation series counting “Sofia the First,” “Little Einsteins,” “Mickey Mouse Clubhouse” and “My Friends Tigger and Pooh” will also delight. As well as the great line up of games is a digital library of e-books for kids, and a song for every day with hundreds of tunes at launch. All content offered and served is via Wasu Media Network Co. Ltd.
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.
Comcast Corporation (NASDAQ:CMCSA)’s shares dropped -2.21% to $57.40.
The Sacramento Kings declared that Golden 1 Center will offer the world’s most connected indoor sports and entertainment venue as the result of a new multi-year agreement with Comcast Corporation (NASDAQ: CMCSA).
Comcast Business, the business services unit of Comcast, will deliver a connectivity platform with unparalleled bandwidth by installing fully redundant transport facilities and two 100 gigabit Ethernet dedicated Internet circuits. The services will provide the back end infrastructure enabling the team to provide free Wi-Fi for fans, power the Kings mobile app, and supply cloud-based voice and unified communications services for team members at the arena and at the team’s corporate offices. As a result, the Internet connection at Golden 1 Center, in addition to the public plaza and Downtown Commons (DOCO), will be over 17,000 times faster than the average home Internet connection, with the ability to handle more than 225,000 Instagram photo posts per second.
“The best fans in the world deserve the most connected arena in the world,” said Kings President Chris Granger. “Our partnership with Comcast enables fans and visitors to share their experiences and connect online seamlessly. It also ensures that Golden 1 Center, the public plaza and DOCO’s connectivity will remain well above industry standards, even as consumer technology improves.”
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name.
At the end of Thursday’s trade, Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE)‘s shares dipped -9.92% to $0.550.
Yingli Green Energy Holding Company Limited (NYSE: YGE) declared that it will change the ratio of its American Depositary Shares (“ADSs”) to ordinary shares, par value US$0.01 per share (“Shares”) from one (1) ADS to one (1) Share to one (1) ADS to ten (10) Shares (the “Ratio Change”). The effective date of the Ratio Change is predictable to be December 28, 2015.
Each shareholder of record at the close of business on December 28, 2015 will be required to exchange every ten (10) ADSs then held for one (1) new ADS. The effect on the ADS price will take place on December 28, 2015.
For Yingli Green Energy’s ADS holders, the Ratio Change will have the same effect as a one-for-ten reverse ADS split. There will be no change to Yingli Green Energy’s underlying Shares. ADS holders will be required to surrender their existing ADSs in exchange for new ADSs of the Company. No new Shares will be issued in connection with the Ratio Change.
JPMorgan Chase Bank, N.A. will contact ADS holders and arrange for the exchange of their current ADSs for new ADSs. As a result of this Ratio Change, the ADS price is predictable to automatically enhance proportionally, although the Company can give no assurance that the post-change ADS price will be equal to or greater than the pre-change ADS price multiplied by the ratio.
Yingli Green Energy Holding Company Limited, together with its auxiliaries, designs, develops, markets, manufactures, sells, and installs photovoltaic (PV) products in the People’s Republic of China and internationally.
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