On Wednesday, Shares of Alibaba Group Holding Limited (NYSE:BABA), gained 1.95% to $84.15.
Baozun Inc., declared that the Company has signed a cooperation agreement with Alibaba Group Holding Limited’s (BABA) logistics arm Cainiao Network Technology Co., Ltd.. The agreement is part of the Company’s plan to strengthen its logistics network in southern China by opening its sixth and newest logistics warehouse in Guangzhou’s Alibaba Cainiao Logistics Park.
According to the terms of the agreement, Baozun’s Guangzhou warehouse will sync directly with Cainiao’s platform, allowing the Company to improve the experience for both its brand e-commerce partners and buyers by closely monitoring and improving each step of the fulfillment process.
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 Angie’s List, Inc. (NASDAQ:ANGI), declined -24.63% to $4.58, during its last trading session.
Angie’s List, declared financial results for the quarter ended June 30, 2015.
“We continued to execute on our strategy to grow revenue, enhance margins and invest for growth,” said Angie’s List Interim CEO Mark Howell. “Our efforts manifested in the proliferation of e-commerce, operating efficiency and the continued development of our technology platform and product roadmap.”
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“We continue to attract new members and consumers to our Search, Shop and SnapFix products, contributing to the long-term profitability of our model,” continued Howell. “Aided by improvements in mobile capabilities and technology, we expect to continue to enhance our customers’ experience with Angie’s List, enabling more and better interactions between consumers and service providers.”
Angie’s List, Inc. operates a local services marketplace and consumer review site in the United States. The company provides marketplace to research, shop for, and purchase local services for home, health, and automotive service needs.
Finally, Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR), ended its last trade with -5.61% loss, and closed at $7.06, as oil prices fell and U.S. crude settled below $50 a barrel on Wednesday after government data showed crude inventories in the United States rose last week and as a stronger dollar and weaker global equities applied pressure.
U.S. crude oil stocks rose 2.5 million barrels, the Energy Information Administration (EIA) said in its weekly report, contrasting with expectations of a 2.3 million-barrel drawdown. Reuters Reports.
Petróleo Brasileiro S.A. Petrobras operates as an integrated energy company in Brazil and internationally. Its Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of crude oil and oil products produced at natural gas processing plants in domestic and foreign markets.
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