On Thursday, Alibaba Group Holding Ltd (NYSE:BABA)’s shares inclined 2.09% to $70.93.
Alibaba Group Holding Ltd (BABA) has market value of $174.56 billion while its EPS was booked as $2.61 in the last 12 months. The stock has 2.50 million shares outstanding while 22.00% shares of the company were owned by institutional investors. In the profitability analysis, the company has gross profit margin of 67.80% while net profit margin was 52.90%.
Alibaba Group Holding, declared that Ocean Spray, a renowned American agricultural cooperative of cranberry and grapefruit farmers, has opened its first online flagship store in China on Alibaba Group’s Tmall Global platform.
Ocean Spray, one of the world’s leading producers of cranberry juices, juice drinks and dried cranberries, will also take part in Alibaba Group’s 11.11 Global Shopping Festival for the first time.
“Opening a flagship store on Tmall Global places us in the epicenter of the largest consumer base in the world. We have been selling select products through designated retail outlets on Tmall Global for a while now, and we’ve seen strong demand from Chinese consumers. Working directly with Alibaba will enable us to tell our brand story, introduce the latest product innovations and connect directly with Alibaba’s consumer base of 367 million annual buyers,” said Peter Wyman, president of Ocean Spray International. “The consumer access and streamlined digital ecommerce business opportunity Alibaba offers are unmatched. The sky is the limit in China, and we are excited about what’s ahead, starting with our participation in 11.11.”
“Alibaba is the gateway to China for international brands and businesses, and Ocean Spray’s arrival on the Tmall Global platform underscores this position,” said Alvin Liu, general manager of Tmall Global. “We are providing the prominent American brand Ocean Spray with the ability to build brand awareness, directly engage a new audience and meet the growing nutrition and health demands of the Chinese consumer.”
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.
eBay Inc (NASDAQ:EBAY)’s shares gained 13.92% to $27.58.
eBay Inc (EBAY) is currently valued at $29.49 billion. The company has 1.22 billion shares outstanding and 83.20% shares of the company were owned by institutional investors. The company has 1.86 value in price to sale ratio while price to book ratio was recorded as 1.70. The company exchanged hands with 44.61 million shares as compared to its average daily volume of 13.89 million shares. It beta stands at 0.85.
eBay, stated that gross merchandise volume (GMV) for the quarter ended September 30, 2015, raised 6% on a foreign exchange (FX) neutral basis, in-line with the prior quarter. Revenue for the quarter was $2.1 billion, driving non-GAAP net income from ongoing operations of $529 million or $0.43 per diluted share, and GAAP net income from ongoing operations of $545 million, or $0.45 per diluted share. The company repurchased $599 million of its common stock in the quarter, underscoring administration’s confidence in the long-term value of the business.
eBay Inc.’s commerce platforms continued to improvement the role they play in global commerce, with an Active Buyer base that grew 5% year over year, to 159 million. GMV in the quarter was $19.6 billion, a 6% improvement on an FX-Neutral basis and a 2% decline on an as-stated basis, reflecting the continued impact of a strong U.S. dollar. In the U.S., GMV grew 3%, a one point acceleration as compared to the prior quarter, and International GMV raised 7% on an FX-Neutral basis, while it was down 5% on an as-stated basis. Total revenue in the quarter of $2.1 billion was up 5% on an FX-Neutral basis and down 2% on an as-stated basis.
The eBay Classifieds and StubHub platforms both had strong quarters and continue to be key assets aligned with eBay’s overall business strategy.
eBay Inc.(eBay) is a global technology company. The Company has created an open source platform that provides software developers and merchants access to its applications programming interfaces (APIs), to develop software and solutions for commerce.
At the end of Thursday’s trade, Relypsa Inc (NASDAQ:RLYP)‘s shares dipped -27.18% to $11.76.
Relypsa Inc (RLYP) The company has the market capitalization of $671.63 million. Return on assets ratio of the company was -47.80% while its return on equity ratio was -56.20%. ATR value of company was 2.08 while stock volatility for week was 20.67% while for month was 11.43%. Debt to equity ratio of the company was 0.06 and its current ratio was 9.70.
Relypsa, Inc. (RLYP), declared that on October 15, 2015, the compensation committee of the company’s board of directors granted nine new employees options to purchase an aggregate of 21,500 shares of the company’s common stock with a per share exercise price of $19.50, the closing trading price on the grant date, and 10,750 restricted stock units. The stock options and restricted stock units were granted following the Relypsa, Inc. 2014 Employment Commencement Incentive Plan, which was approved by the company’s board of directors in June 2014 under Rule 5635(c)(4) of the Nasdaq Global Select Market for equity grants to induce new employees to enter into employment with the company.
Relypsa, Inc. is a biopharmaceutical company focused on the development and commercialization of non-absorbed polymeric drugs to treat disorders in the areas of renal, cardiovascular and metabolic diseases. The Company’s lead product candidate, Patiromer for Oral Suspension (Patiromer FOS) is for the treatment of hyperkalemia, a life-threatening condition defined as abnormally elevated levels of potassium in the blood.
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