Shares of NXP Semiconductors NV (NASDAQ:NXPI) ended Monday session in green amid volatile trading. The shares closed up +1.51 points or 1.86% at $82.91 with 4.31 million shares getting traded. Post opening the session at $80.99, the shares hit an intraday low of $80.13 and an intraday high of $83.20 and the price vacillated in this range throughout the day. The company has a market cap of $27.19 billion and the numbers of outstanding shares have been calculated to be 339.21 million shares.
On Sept. 01, 2016 NXP Semiconductors N.V. (NXPI) in collaboration with Midea, the world’s major consumer household appliance manufacturer in China, unveiled a smart kitchen appliance using semiconductor microwave heating technologies. Combined with NXP innovative RF cooking components and Midea’s heritage of creating a more comfortable lifestyle for people, the new appliance delivers an ideal balance of quality, precision and performance. With the appliance, consumers can enjoy perfectly heated food within minutes.
The secret to efficient and effective heating, delivered by the Midea appliance, is NXP’s MHT1004N, a low-voltage solid state cooking transistor which creates and delivers energy in an effective and efficient way. The component enables greater control over the heating process and allows the Midea appliance to control energy in a closed loop manner for evenly heated food. The semiconductor cooking method also enables consistent results thereby enabling smart features for internet-connected appliances.
“We’re excited to team up with NXP and transform the conventional methods of cooking to solid state,” said Luan Chun, director of the appliances business unit innovation center at Midea. “Together, we’ve also jointly developed a standard system unit, which enables us to quickly implement new designs using a flexible, modular approach for future product developments.”
“Midea and NXP have been cooperating for years to research and develop solutions for the future smart kitchen,” said Mr. Wu Dong, senior director of RF products at NXP Semiconductors Asia Pacific. “This new appliance calls upon our years of collaborating and innovating together with the same vision — to usher in a smarter cooking experience into consumers’ kitchens.”
Shares of JD.Com Inc (ADR) (NASDAQ:JD) ended Monday session in green amid volatile trading. The shares closed up +0.13 points or 0.49% at $26.50 with 12.51 million shares getting traded. Post opening the session at $25.60, the shares hit an intraday low of $25.55 and an intraday high of $26.58 and the price vacillated in this range throughout the day. The company has a market cap of $37.55 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.”