On Friday, Shares of Alibaba Group Holding Ltd (NYSE:BABA), gain 2.68% to $79.96.
E-commerce company Alibaba Group Holding Ltd. is looking to sell its stake in China’s leading online provider of movie ticketing, restaurant bookings and other on-demand services as it builds a competing platform of its own, according to people familiar with the situation, according to WSJ
Alibaba is shopping its roughly 7% stake in the company created by last month’s merger of two rival startups: Meituan.com and Dianping Holdings Ltd., whose respective group-buying and restaurant-booking services are similar to those of Groupon Inc. and Yelp Inc. of the U.S.
The Alibaba deal could be worth roughly $1 billion, based on the valuations being discussed in Meituan-Dianping’s current fundraising round, the people said.
Alibaba’s move to exit its investment in Meituan-Dianping comes as rival Chinese Internet company Tencent Holdings Ltd. is planning a $1 billion investment in Meituan-Dianping. WSJ Report
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the Peoples 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.
Shares of Centurylink Inc (NYSE:CTL), declined -2.54% to $27.22, during its last trading session.
On November 16, CenturyLink, Inc. (CTL) declared it has been named a leader in the Magic Quadrant for Cloud-Enabled Managed Hosting, Asia Pacific , by industry analyst firm Gartner, Inc.
We are happy to be named as a leader in the Magic Quadrant for Cloud-Enabled Managed Hosting, Asia Pacific . We believe this recognition reinforces CenturyLinks reputation as a leading global hybrid IT provider, said Gery Messer, managing director, Asia Pacific , at CenturyLink. CenturyLink continues to focus heavily in the Asia-Pacific region to meet growing demand for an integrated hybrid IT infrastructure. Our depth in our overall cloud platform and complementary agile infrastructure, network and managed services differentiates CenturyLink from the competition.
CenturyLink was recognized as a leader in the Magic Quadrant for Cloud-Enabled Managed Hosting, Europe , a report published on June 30, 2015 , in addition to a visionary in the Magic Quadrant for Cloud Infrastructure as a Service, a global report published May 18, 2015 .
CenturyLink, Inc. provides various communications services to residential, business, governmental, and wholesale customers in the United States. It operates through two segments, Business and Consumer. The company offers broadband services, which allow customers to connect to the Internet through their existing telephone lines or fiber-optic cables; private line services for transmission of large amounts of data between sites; and multi-protocol label switching, a data networking technology to support real-time voice and video.
Finally, EXCO Resources Inc (NYSE:XCO), ended its last trade with -0.95% loss, and closed at $1.04.
On November 16, EXCO Resources, Inc. (XCO) (“EXCO” or the “Company”) declared that the two proposals presented by EXCO in the October proxy statement have received the affirmative vote of more than two-thirds of EXCO’s shares of common stock outstanding. Set forth below are the voting results on each of the proposals:
EXCO’s Board of Directors has elected to defer any decision on whether or not to effect a reverse share split as the Company has regained compliance with the New York Stock Exchange’s continued listing standards.
EXCO Resources Inc. is an oil and natural gas company engaged in the exploration, exploitation, acquisition, development and production of onshore United States oil and natural gas properties with a focus on shale resource plays. The Company’s principal operations are conducted in certain United States oil and natural gas areas counting Texas, Louisiana and the Appalachia region.
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