On Wednesday, Shares of Alibaba Group Holding Ltd (NYSE:BABA), lost -3.15% to $59.95.
Cainiao, the logistics associate of Alibaba Group Holding Limited (BABA), and the United States Postal Service (USPS) recently 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 networks 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.
Cainiao (formerly known as China Smart Logistics), the logistics associate of Alibaba Group Holding Limited, is dedicated to meeting the current and future logistics demands of China’s online and mobile commerce sector.
Alibaba Group Holding Limited is a holding company. The Company is principally engaged in online and mobile commerce through products, services and technology. The Company provides retail and wholesale marketplaces accessible through both personal computer and mobile interfaces in the PRC and internationally.
Shares of Verizon Communications Inc. (NYSE:VZ), declined -0.97% to $43.99, during its last trading session.
Synchronoss Technologies, Inc. (SNCR), the mobile innovation leader that provides cloud solutions and software-based activation for mobile carriers, retailers and OEMs around the world, recently reiterated that it has a multi-year contract in place with Verizon Wireless, (VZ) (VZ), focused primarily on the company’s Personal Cloud offering and related services. There has been no change in the agreement between Synchronoss and Verizon Wireless.
Synchronoss Technologies (SNCR) is the mobile innovation leader that provides personal cloud solutions and software-based activation for connected devices across the globe.
Verizon Communications Inc. (Verizon) is a holding company that, acting through its auxiliaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments comprise Wireless and Wireline.
Shares of Activision Blizzard, Inc. (NASDAQ:ATVI), inclined 0.67% to $31.62, during its last trading session.
Skylanders® fans with a need for speed should look no further — Activision Publishing, Inc., a wholly owned partner of Activision Blizzard, Inc. (ATVI), is bringing vehicles-to-life on September 20 with Skylanders SuperChargers. Available at major North American retailers nationwide, Skylanders SuperChargers takes kids on a wild ride as they drive the mountainous terrains, dive the deep sea environments and fly the big blue skies of Skylands like never before with amazingly detailed vehicles, many of which feature moving parts that will play in the real world and come to life in the game via the Portal of Power®. Packing some major star power, the game comprises two of Nintendo’s iconic characters reimagined as Skylanders — Turbo Charge Donkey Kong and Hammer Slam Bowser — available exclusively in Skylanders SuperChargers Starter Packs for the Wii U system, and in Skylanders® SuperChargers Racing Starter Packs for the Wii system and the Nintendo 3DS family of systems.
Developed by Vicarious Visions, Skylanders SuperChargers expands upon the franchise’s signature gameplay to introduce vehicles-to-life — an entirely new way for fans to experience the magic of Skylands. The trailblazing innovation of Skylanders SuperChargers is realized when players take the helm of powerful, tricked-out land, sea and sky vehicles that are playable in both the physical and digital worlds in a high octane action-adventure videogame. Skylanders SuperChargers offers a rich story-driven gameplay experience filled with vehicle-based and on-foot adventures, combat, puzzles, mini games, activities and platforming, set within a variety of all-new compelling environments. The game features a brand-new class of heroes that is distinct with fresh moves, powerful attacks and all-new weapons. SuperChargers also have special in-game abilities that assist Portal Masters fight Kaos. Twenty new SuperChargers character toys and 20 new vehicle toys will be available. Right out of the box, the game also features an all-new Racing Mode that blends high-octane, supercharged racing with combat, accentuated by power-ups, boosts, hazards and more.
Activision Blizzard, Inc. is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company offers games that operate on the Microsoft Corporation (Microsoft) Xbox One (Xbox One) and Xbox 360 (Xbox 360), Nintendo Co. Ltd. (Nintendo) Wii U (Wii U) and Wii (Wii), and Sony Computer Entertainment Inc. (Sony) PlayStation 4 (PS4) and PlayStation 3 (PS3) console systems. The Company also develops products spanning other genres, counting first-person action, action/adventure, role-playing, simulation and strategy.
Finally, KB Home (NYSE:KBH), ended its last trade with 1.83% gain, and closed at $14.50.
KB Home declared the grand opening of Haywood at Five Knolls, a scenically inspired master-planned community offering spectacular hillside vistas and impressive on-site amenities in a sought-after Santa Clarita location. With close proximity to the I-5 and 14 freeways, KB Home’s Haywood at Five Knolls will provide residents convenient commutes to the area’s major employment centers. A grand opening celebration is planned for Saturday, September 26.
Named for the five signature knolls that characterize the community, the Five Knolls neighborhood is designed to integrate organically with its natural surroundings and features an extensive array of walking, hiking and biking paths that link to more than thirty miles of trails throughout Santa Clarita. KB homeowners at Haywood will also be able to enjoy the community’s parks, picnic areas, playgrounds and sport courts, in addition to The Club at Five Knolls—a private recreation center that comprises a clubhouse, swimming pool and spa.
Haywood residents can also take advantage of Santa Clarita’s shopping, dining and entertainment opportunities, as Five Knolls is just minutes from Westfield Valencia Town Center, Six Flags Magic Mountain and the 130-acre Central Park and Sports Complex.
KB Home is a homebuilding company that constructs and sells homes through its operating divisions under the name KB Home. The Company operates through five operating segments, which comprises four homebuilding segments and one financial services segment. The Company’s homebuilding operations are organized into four segments: West Coast, Southwest, Central and Southeast. The Company delivered about 7,215 homes through its four homebuilding segments.
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