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Tech Stocks News! JD.Com Inc (JD), Nutanix Inc (NTNX)

Shares of JD.Com Inc (ADR) (NASDAQ:JD) ended Tuesday session in red amid volatile trading. The shares closed down -0.05 points or -0.19% at $26.26 with 5.75 million shares getting traded. Post opening the session at $26.78, the shares hit an intraday low of $26.20 and an intraday high of $26.79 and the price vacillated in this range throughout the day. The company has a market cap of $37.63 billion and the numbers of outstanding shares have been calculated to be 2.89 billion shares.

JD.Com Inc (ADR) (JD) 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.”

Shares of Nutanix Inc (NASDAQ:NTNX) ended Tuesday session in green amid volatile trading. The shares closed up +0.09 points or 0.29% at $30.74 with 3.66 million shares getting traded. Post opening the session at $31.84, the shares hit an intraday low of $29.60 and an intraday high of $31.84 and the price vacillated in this range throughout the day. The company has a market cap of $3.90 billion and the numbers of outstanding shares have been calculated to be 14.87 million shares.

Nutanix Inc (NTNX) announced that Gartner, Inc. has positioned Nutanix as a leader in the 2016 Gartner Magic Quadrant for Integrated Systems for the second consecutive year. Nutanix believes its continued placement in the Leaders Quadrant is strong validation of its vision to deliver a true enterprise cloud platform which can support the increasing demands of modern businesses.

In order to drive value from their IT infrastructure, enterprises require approaches that collapse the resource silos created by legacy infrastructure and eliminate datacenter complexity. By natively integrating compute, virtualization and storage into a resilient, software-defined solution, the Nutanix enterprise cloud platform gives enterprises the agility, pay-as-you-grow consumption and operational simplicity of the public cloud without compromising the predictability, security and control of on-premises infrastructure. This approach frees enterprises from the constraints of legacy infrastructure and allows them to deliver value back to their business through continuous innovation. And according to Gartner, “twenty percent of mission-critical applications currently deployed on three-tier IT infrastructure will transition to HCISs by 2020.”

“We consider our positioning as a leader in the Gartner Magic Quadrant for Integrated Systems for the second straight year as not only a validation of the hyperconverged market we pioneered, but a confirmation of our mission to elevate IT so companies can focus on the applications and services that power their business,” said Dheeraj Pandey, co-founder and CEO, Nutanix. “With the Nutanix enterprise cloud platform, our customers finally have a platform that can meet the new demands of their business, and we’re excited to continue to provide value to our customers as we execute on the dynamic vision we’ve laid out.”

 

 

About Anthony Davis

Anthony Davis has been a contributor on technology for us since from day one. Anthony Davis has provided his services independently. His educational background in technology has given him a broad base of writing columns on technology.

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