Cainiao and United States Postal Service Sign Memorandum of Understanding to Increase Cross-Border Logistics Services
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September 17, 2015 10:05 AM EDT
FBR Capital maintained an Outperform rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $39.00 (from $50.00), to reflect change in Alibaba's (NYSE: BABA) value.
Analyst William Bird commented, "We are adjusting our price... More
September 16, 2015 10:47 AM EDT
MKM Partners maintained a Buy rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $43.00 (from $53.00), after uncertain macro-conditions for China resulted in a negative impact to Alibaba's (NYSE: BABA) valuation.
Analyst Rob Sanderson commented, "Uncertain... More
September 16, 2015 8:12 AM EDT
Cainiao, the logistics affiliate of Alibaba Group Holding Limited (NYSE: BABA), and the United States Postal Service (USPS) signed a Memorandum of Understanding (MoU) to develop new international shipping solutions and enhance the logistics-service experience for both sellers and buyers involved in cross-border e-commerce. Through the MOU, Cainiao and the USPS agreed to work together to speed delivery of merchandise sold through AliExpress to consumers in the United States. The USPS will also collaborate with Cainiao to help expand the latters delivery networks worldwide, especially in South America.
In cross-border e-commerce, online shoppers... More
