On Tuesday, Shares of Alibaba Group Holding Limited (NYSE:BABA), lost -0.80% to $87.58.
Chinese e-commerce titan Alibaba Group Holding Ltd does not want to fight for U.S. market share but instead hopes to assist small U.S. businesses sell more goods in China, Executive Chairman Jack Ma said, according to Reuters.
Ma is visiting the United States this week to explain Alibaba’s global strategy and to “assist dispel misconceptions” about the company, spokesman Greg Jenkins said in an email. Reuters Reports.
“We’re not coming here to compete,” Ma told the Economic Club of New York on Tuesday.
The vast bulk of Alibaba’s revenue comes from its dominant domestic online marketplaces, but the company has been investing aggressively in a range of sectors abroad. Reuters added.
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.
Shares of Oracle Corporation (NYSE:ORCL), declined -0.07% to $43.07, during its last trading session, after the company had coverage initiated with a “hold” rating by analysts at Wunderlich Securities.
The firm also set a $47 price target on the company’s shares, a potential 9% upside from the stock’s current price.
While the firm applauded Oracle’s innovation in the cloud computing and sees the company as one of the industry’s leaders in cloud returns computing, weak third quarter results make the firm cautious.
Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide.
Finally, The Western Union Company (NYSE:WU), ended its last trade with 0.23% surge, and closed at $21.57.
The Western Union Company, has launched a global programme to mark the unveiling of their re-branded marketing platform, ‘This is WU’. The new programme ‘WU Wish’ will encourage people to describe their hopes and aspirations for a family member or family situation and the WU Wish programme will make 10 of these wishes come true.
The company says its new branding platform focusses on creating connections, and WU Wish is an apt start to several other programmes that are slated to further enhance customer involvement, interaction and impact. The first phase of WU Wish will kick-off during the holy month of Ramadan.
The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
