Alibaba Group Holding Limited (NYSE:BABA) knocked up 0.55% to finish at $87.81 in following trading session. Alibaba Digital Media and Entertainment Group, the entertainment affiliate of Alibaba, plans to invest more than 50 billion yuan ($7.2 billion) over the next three years, the affiliate’s chief executive said.In an internal email seen by Reuters and confirmed by an Alibaba group spokeswoman, the affiliate’s new CEO Yu Yongfu pledged to invest in content, saying “he didn’t come to play.”
Alibaba’s entertainment business underwent a major reorganization in October, marking a total consolidation of the company’s media assets. The corporation has return on equity of 14.60% and while returns on assets was calculated 8.30% with 8.05% year to date performance. The annual sales growth for the past five year was 53.40%.
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Shares of QUALCOMM Incorporated (NASDAQ:QCOM) swings by following news as it jumped down -1.27% to $65.20 in latest trading flood. Qualcomm Inc. (QCOM) declared that China’s Meizu Technology Co. has agreed to pay licensing fees to settle legal battles in China and three other countries, demonstrating the U.S. company can defend its intellectual property in the world’s biggest smartphone market.
Meizu will pay Qualcomm patent fees similar to those accepted by other Chinese phone makers, the two companies said Friday in a statement. In a test of its ability to appeal to Chinese courts, Qualcomm sued Meizu in June in China and other countries where Meizu was attempting to do business. The deal also ends those patent conflicts in Germany, France and the U.S., the companies said.
The legal dispute, ended by Friday’s contract, was the first time that Qualcomm had asked Chinese authorities to enforce the terms of a settlement that resolved an antitrust investigation and let the San Diego-based company charge for its intellectual property. The U.S. company gets the majority of its profit from technology licensing. The return on equity was 18.70%. The company’s Debt to equity ratio was 0.37.
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Shares of Microsoft Corporation (NASDAQ:MSFT) has price volatility of 1.15% in last 5 days trading session, as shares of firm closed at $62.14 by jumping down of -1.21% in last session. Shares price moving up from its 20 days moving average with 0.04% and isolated positively from 50 days moving average with 2.54%. Microsoft (MSFT) plans to launch next-gen Surface Pro tablet in the first quarter of 2017, If you’re shopping for Windows 10 computers, then you shouldn’t overlook Microsoft’s Surface brand. The Surface Pro 2-in-1 tablet, the Surface Book laptop, and the Surface Studio desktop all-in-one are three PC families made by Microsoft that you ought to consider.
But if you haven’t made a purchase yet, you might want to wait a few more months, as Microsoft will declaredly update the only product that it didn’t refresh this year, the Surface Pro.A few months ago, Microsoft rolled out an improved Surface Book laptop and launched its first ever desktop. But the Surface Pro family did not receive the Surface Pro 5 model some people wanted, as rumors suggested an updated was in the cards for 2017.
A new report from Asia now says that the Surface Pro 5 is coming in the first quarter of 2017. Digitimes claims that the new 2-in-1 tablet will feature an Ultra HD display and a stylus with magnetic charging abilities. Pegatron Technology is expected to manufacture the device according to Chinese-language site Economic Daily News. Quanta Computer may also receive a portion of Microsoft’s orders.
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