Shares of JD.Com Inc (ADR) (NASDAQ:JD) ended Tuesday session in red amid volatile trading. The shares closed down -0.20 points or -0.77% at $25.85 with 8.91 million shares getting traded. Post opening the session at $25.88, the shares hit an intraday low of $25.68 and an intraday high of $26.16 and the price vacillated in this range throughout the day. The company has a market cap of $37.05 billion and the numbers of outstanding shares have been calculated to be 2.89 billion shares.
On Sept. 08, 2016 JD.com, Inc. (JD), China’s largest e-commerce company by revenue, and Bacardi, the world’s largest privately held spirit producer, have jointly announced a strategic partnership under which JD.com will become Bacardi’s strategic e-commerce partner for its full line of products in China, marking a significant move to further build Bacardi’s brand and business in the country.
Under the new agreement, Chinese consumers will have online access through JD.com to the most iconic and popular imported spirit brands, including BACARDÍ® rum, GREY GOOSE® vodka, DEWAR’S® blended Scotch whisky, BOMBAY SAPPHIRE® gin, MARTINI® vermouth and sparkling wines, and other leading brands in the Bacardi portfolio.
The cooperation will also include online promotions of Bacardi products available exclusively on JD.com, as well as customized brand marketing support. The two companies will work together to bring China’s cocktail culture to the next level through promotions that educate Chinese consumers on how to prepare and enjoy cocktails prepared with premium Bacardi spirits.
“This strategic cooperation with JD.com is a major step for Bacardi’s e-commerce development in China,” said Paul Chin, Chief Executive Officer of Bacardi Greater China, North Asia and Oceania. “Bacardi’s premium spirits are essential to the world’s favorite cocktails. Working with JD.com helps us effectively target discerning Chinese consumers by providing the most convenient and trustworthy online channel for purchasing premium Bacardi products.”
“We are very excited to deepen our partnership with Bacardi, which has exceptional products and outstanding brand recognition in China,” said Carol Fung, president of JD.com’s Fast-Moving Consumer Goods Business Unit. “As the most trusted e-commerce platform for imported liquor in China, JD.com is increasingly the first choice for China’s upwardly mobile consumers when purchasing spirits. We look forward to leveraging JD.com’s excellent user experience and amazingly fast delivery to further raise consumer awareness of Bacardi’s premium portfolio of spirits.”
Shares of NVIDIA Corporation (NASDAQ:NVDA) ended Tuesday session in red amid volatile trading. The shares closed down -0.58 points or -0.91% at $63.09 with 8.28 million shares getting traded. Post opening the session at $64.40, the shares hit an intraday low of $62.74 and an intraday high of $64.40 and the price vacillated in this range throughout the day. The company has a market cap of $34.20 billion and the numbers of outstanding shares have been calculated to be 535.00 million shares.
NVIDIA Corporation (NVDA) on September 13, 2016 unveiled the latest additions to its Pascal™ architecture-based deep learning platform, with new NVIDIA® Tesla® P4 and P40 GPU accelerators and new software that deliver massive leaps in efficiency and speed to accelerate inferencing production workloads for artificial intelligence services.
Modern AI services such as voice-activated assistance, email spam filters, and movie and product recommendation engines are rapidly growing in complexity, requiring up to 10x more compute compared to neural networks from a year ago. Current CPU-based technology isn’t capable of delivering real-time responsiveness required for modern AI services, leading to a poor user experience.
The Tesla P4 and P40 are specifically designed for inferencing, which uses trained deep neural networks to recognize speech, images or text in response to queries from users and devices. Based on the Pascal architecture, these GPUs feature specialized inference instructions based on 8-bit (INT8) operations, delivering 45x faster response than CPUs1and a 4x improvement over GPU solutions launched less than a year ago.
The Tesla P4 delivers the highest energy efficiency for data centers. It fits in any server with its small form-factor and low-power design, which starts at 50 watts, helping make it 40x more energy efficient than CPUs for inferencing in production workloads. A single server with a single Tesla P4 replaces 13 CPU-only servers for video inferencing workloads, delivering over 8x savings in total cost of ownership, including server and power costs.