Shares of Baidu Inc (ADR) (NASDAQ:BIDU) ended Thursday session in red amid volatile trading. The shares closed down -5.51 points or -2.93% at $182.23 with 3.63 million shares getting traded. Post opening the session at $186.60, the shares hit an intraday low of $181.50 and an intraday high of $186.96 and the price vacillated in this range throughout the day. The company has a market cap of $62.14 billion and the numbers of outstanding shares have been calculated to be 27.17 million shares.
Baidu Inc (ADR) (BIDU) on Sep 28, 2016 announced that it is the lead investor in a new USD $60 million Brazil-based investment fund named “Easterly Ventures”. Easterly Ventures will focus on providing funding, technology, local traffic and industry expertise for Brazilian tech startups, with the goal of building a robust mobile service ecosystem in Latin America.
Baidu announced its investment during an event in São Paulo, which was attended by over 200 Internet industry executives. At the event, General Manager of Baidu Brasil and President of the Brazilian O2O Association Mr. Yan Di said that Easterly Ventures will be Brazil’s first Internet investment fund of its kind to provide startups with the combination of capital, technology, traffic and experience necessary to penetrate national and international markets.
“We strongly believe that Easterly Ventures will be a winner in Brazil’s talent-rich market, applying learnings from China to build out the mobile ecosystem here,” said Mr. Yan Di. “Brazil’s economy is expected to rebound in the year ahead. There is absolutely no better time to enter this market,” he said. Easterly Ventures plans to invest in as many as 15 Brazilian startup companies during its investment period, with the first investment slated for late 2016.
Shares of QUALCOMM, Inc. (NASDAQ:QCOM) ended Thursday session in green amid volatile trading. The shares closed up +4.00 points or 6.30% at $67.45 with 43.10 million shares getting traded. Post opening the session at $63.28, the shares hit an intraday low of $62.71 and an intraday high of $68.83 and the price vacillated in this range throughout the day. The company has a market cap of $99.62 billion and the numbers of outstanding shares have been calculated to be 1.47 billion shares.
QUALCOMM, Inc. (QCOM) on Sept. 28, 2016 announced that its subsidiary, Qualcomm Technologies, Inc. (QTI), and SK Telecom (CEO Dong-hyun Jang, www.sktelecom.com) announced the first over-the-air technology demonstration of eLAA (Enhanced Licensed Assisted Access) and LAA (Licensed Assisted Access) that utilizes both licensed and unlicensed spectrum at SK Telecom’s Corporate R&D Center in Bundang, Korea.
eLAA technology increases data speeds in both uplink and downlink by aggregating licensed and unlicensed spectrum to create a wider data pipe in both directions. eLAA is an evolution of LAA, which used the unlicensed spectrum to boost the data speed in the downlink direction only.
The demo uses 2.6GHz licensed spectrum and 5GHz unlicensed spectrum. When evaluating coexistence, a baseline was first established using only Wi-Fi users, of which some were then switched from Wi-Fi to LAA/eLAA while others remained on Wi-Fi. The trial demonstrated that the users that remained on Wi-Fi were unaffected by those that switched to LAA/eLAA. This effectively demonstrates that LAA/eLAA shares the unlicensed spectrum fairly with Wi-Fi. The sharing mechanism used by LAA/eLAA is called listen-before-talk (LBT). As for performance, LAA and eLAA were shown in multiple test cases to achieve 2X capacity in 5 GHz than the Wi-Fi only baseline.
In June 2015, SK Telecom launched “Band LTE Wi-Fi” service based on Multi-Path Transmission Control Protocol (MPTCP) technology that combines LTE and Wi-Fi traffic to enable downlink rates up to 1.17Gbps. This means that SK Telecom can now choose from two available technologies to combine unlicensed spectrum with existing LTE spectrum, eLAA and MPTCP.