On Tuesday, in the course of current trade, Shares of Alibaba Group Holding Limited (NYSE:BABA), dropped -1.08%, and is now trading at $87.34.
Aliyun, Alibaba Group’s (BABA) cloud computing arm, recently declared the launch of Marketplace Alliance Program (MAP), a global partnership program that provides enterprises with access to Aliyun’s full suite of cloud computing services and international partners.
This new program will enable Aliyun to localize its cloud computing offerings by partnering with enterprises in different regions and provide localized hybrid cloud computing services to meet the regional needs of global developers.
The initial Aliyun’s MAP partners are some of the world’s leading technology brands, counting American multinational technology company Intel, Singaporean telecommunications company Singtel, Dubai holding company Meraas Holdings, Equinix, a U.S. provider of data centers and Internet exchanges, Hong Kong telco and information technology company PCCW, French website hosting and cloud services provider LINKBYNET, and Hong Kong public utility Towngas. By collaborating with international partners and combining their experience and expertise in local markets, Aliyun is able to reduce infrastructure cost, improve networking efficiency, optimize cloud solutions, pass along savings and provide hybrid cloud services to cloud consumers in internet, finance, energy, gaming, entertainment, healthcare and education.
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.
During an Afternoon trade, Shares of QUALCOMM Incorporated (NASDAQ:QCOM), dipped -0.59%, and is now trading at $66.88, after the chipmaker declared it will sell some of its spectrum in the U.K.
Qualcomm declared it will sell L-Band spectrum in the U.K. that can be used by mobile carriers to enhance their download capacity, according to Reuters. “Qualcomm UK Spectrum (QUKS), Qualcomm’s partner that owns L-Band spectrum rights in the UK, plans to trade this spectrum,” Qualcomm said in a statement.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States. The company operates through three segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Planned Initiatives (QSI).
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