On Friday, Alibaba Group Holding Ltd (NYSE:BABA)’s shares declined -2.39% to $64.42.
Cainiao, the logistics associate of Alibaba Group Holding Limited (BABA), and the United States Postal Service (USPS) signed a Memorandum of Understanding (MoU) to develop new international shipping solutions and enhance the logistics-service experience for both sellers and buyers involved in cross-border e-commerce. Through the MOU, Cainiao and the USPS agreed to work together to speed delivery of merchandise sold through AliExpress to consumers in the United States. The USPS will also collaborate with Cainiao to assist expand the latter’s delivery netoperates worldwide, especially in South America.
In cross-border e-commerce, online shoppers purchase goods directly from overseas merchants and manufacturers who ship their orders directly to consumers’ homes. The global B2C cross-border e-commerce market is predictable to grow from $230 billion in 2014 to $1 trillion in 2020, according to a report from global consulting firm Accenture and AliResearch, Alibaba Group’s research arm. The partnership between Cainiao and the USPS seeks to capitalize on growing opportunities in cross-border e-commerce between China and America by making it easier and more efficient for Chinese companies to sell and deliver goods directly to U.S. consumers.
USPS is the leading postal and shipping service provider in the United States. The country’s national mail carrier, the USPS has more than 600,000 employees and delivered more than 155 billion pieces of mail in 2014, generating nearly $68 billion in revenue.
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.
Mastercard Inc (NYSE:MA)’s shares dropped -1.08% to $92.20.
A night of unforgettable music and Priceless Surprises is in store for MasterCard cardholders when Gwen Stefani arrives in New York City for an exclusive performance at Hammerstein Ballroom at The Manhattan Center on Oct. 17.
MasterCard and Stefani joined forces in December 2014 and have been surprising cardholders across the U.S. with everything from show tickets to the opportunity to spend the day with Gwen herself. The payment technology company debuted an ad with the singer featuring her song, Spark The Fire. The spot exemplifies what the MasterCard platform is about: surprising cardholders with unbelievable experiences while also inspiring them to give and share their own Priceless Surprises whether they’re paying with traditional credit, debit or prepaid cards or using innovative mobile payment options.
MasterCard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company facilitates the processing of payment transactions, counting authorization, clearing, and settlement, in addition to delivers related products and services. It also offers value-added services, such as loyalty and reward programs, and information and consulting services.
At the end of Friday’s trade, Expedia Inc (NASDAQ:EXPE)‘s shares dipped -1.82% to $126.49.
Expedia.com®, one of the world’s largest full service online travel sites, recently declared a new functionality that enables Expedia+ rewards members to redeem earned points towards merchant hotel purchases.
Expedia+ rewards benefits remain valid when traveling with points, so travelers can still earn double the value for their points when redeemed at +VIP Access™ hotels. And unlike other online travel agency rewards redemption programs, customers paying for travel with points are also able to apply Expedia.com promotional coupons.
Formerly, Expedia.com customers had to turn their points into a coupon before applying the coupon to their hotel price. Expedia has since made the process easier: when customers arrive at the checkout page, they will see qualifying points* that can be applied directly to their transaction. Members can use as many of their earned Expedia+ rewards points as they desire for a given merchant hotel transaction, potentially bring the cost of their purchase down to $0.
Expedia, Inc., together with its auxiliaries, operates as an online travel company in the United States and internationally. The company operates in two segments, Leisure and Egencia.
PPG Industries, Inc. (NYSE:PPG), ended its Friday’s trading session with -1.34% loss, and closed at $93.19.
PPG Industries (PPG) declared that it has accomplished its acquisition of IVC Industrial Coatings, Inc., a U.S.-based specialty powder and liquid coatings manufacturer with 2014 sales of more than $100 million. Financial terms were not revealed.
IVC, based in Brazil, Indiana, focuses on the development, manufacture and sale of powder and liquid coatings for the general industrial segment. Its industry-leading coatings are used on a wide variety of products, counting metal office furniture, material handling and storage products, automotive parts, motorcycles, industrial containers, small appliances and electronics such as printers, servers and audio-visual equipment. IVC employs more than 300 people and operates five plants in the U.S. (two in Brazil, Indiana, and one each in Grand Haven, Michigan; Atlanta, Georgia; and Casa Grande, Arizona), one plant in Guangdong, China, and a small development lab in Manchester, England. The company also has operations in Malaysia through a joint venture.
PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. The company’s Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; sealants, coatings, maintenance cleaners, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor for specialty applications; and chemical administration services.
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