On Friday, Shares of Alibaba Group Holding Limited (NYSE:BABA), lost -2.03% to $78.34.
Alibaba Group declared that it will invest an additional US$1 billion to fuel further growth at Aliyun, its cloud computing arm, a testament to cloud computing as an important growth area for Alibaba. The additional funding will be used to expand Aliyun’s international presence, extend and support an alliance-based global cloud computing ecosystem, and for the development of new cloud and big data solutions that enable customers to enhance productivity, lower costs and scale quickly as their businesses grow.
“Aliyun has become a world-class cloud computing service platform that is the market leader in China, bearing the fruits of our investment over the past six years. As the physical and digital are becoming increasingly integrated, Aliyun will serve as an essential engine in this new economy,” said Daniel Zhang, CEO of Alibaba Group. “This additional US$1 billion investment is just the startning; our hope is for Aliyun to continually empower customers and partners with new capabilities, and assist companies upgrade their basic infrastructure. We want to enable businesses to connect directly with consumers and drive productivity using data. Ultimately, our aim is to assist businesses successfully transition from an era of information technology to data technology.”
Aliyun is focused on bringing the benefits of user-friendly, cost-efficient and secure cloud computing to businesses around the world. Part of the additional US$1 billion investment will contribute to further international expansion for Aliyun as part of this globalization strategy. Aliyun presently provides public cloud computing services in five data centers in China and in Hong Kong, and earlier this year launched its first overseas data center in Silicon Valley. Part of this new investment will be used to set up a global network of Aliyun cloud computing centers in the Middle East, Singapore, Japan and Europe.
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 JD.com, Inc. (NASDAQ:JD), declined -1.02% to $33.03, during its last trading session.
JD.com declared that it plans to release its unaudited second quarter 2015 financial results on Friday, August 7, 2015, before the market opens.
JD.com’s administration will hold a conference call at 7:30 am, Eastern Time on August 7, 2015, (7:30 pm, Beijing/Hong Kong Time on August 7, 2015) to talk about the second quarter 2015 financial results.
JD.com, Inc., through its auxiliaries, operates as an online direct sales company in the People’s Republic of China. It primarily offers electronics and home appliances products; and general merchandise products, counting audio and video products, and books. The company sells its products directly to customers through its Website jd.com and mobile applications.
Finally, Yandex N.V. (NASDAQ:YNDX), ended its last trade with -3.27% loss, and closed at $13.91, hitting its lowest level.
Yandex declared its unaudited financial results for the second quarter ended June 30, 2015.
Q2 2015 Financial Highlights
- Revenues of RUB 13.9 billion ($250.7 million), up 14% contrast with Q2 2014
- Ex-TAC revenues (not taking into account traffic acquisition costs) up 15% contrast with Q2 2014
- Income from operations of RUB 2.2 billion ($39.5 million), down 40% contrast with Q2 2014
- Adjusted EBITDA of RUB 4.8 billion ($86.8 million), down 4% contrast with Q2 2014
- Operating margin of 15.8%
- Adjusted EBITDA margin of 34.6%
- Adjusted ex-TAC EBITDA margin of 44.2%
- Net income of RUB 0.4 billion ($7.6 million), down 82% contrast with Q2 2014
- Adjusted net income of RUB 2.8 billion ($50.3 million), down 16% contrast with Q2 2014
- Net income margin of 3.0%
- Adjusted net income margin of 20.1%
- Adjusted ex-TAC net income margin of 25.6%
- Cash, cash equivalents and deposits of RUB 46.9 billion ($845.1 million) as of June 30, 2015.
Yandex N.V. operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices; and localized homepages for specific geographic markets.
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