|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||38.18 - 38.89|
|52 Week Range||31.54 - 61.00|
|Beta (3Y Monthly)||1.47|
|PE Ratio (TTM)||28.35|
|Forward Dividend & Yield||0.11 (0.28%)|
|1y Target Est||45.93|
360 Finance, an online consumer loan platform that spun off from China's anti-virus service giant 360 Group, has joined a raft of Chinese fintech companies to go public in the U.S. over the last two years. The company priced its initial public offering at $16.50 per share last Friday, raising $51 million by selling 3.1 million American depositary shares. 360 Finance's net loss widened to 572 million yuan, or $86.4 million, for the six months ended June 30 compared to 67 million yuan for the same period of 2017.
Russians are moving away from cash payments, according to a study by Sberbank, the country’s largest state-run bank. In 2018, cashless payments are on track to account for as much as 50% of Russia’s total payments for goods and services. Yandex is the dominant online search engine company in Russia.
Streaming giant Netflix (NFLX) has had a robust subscription business model, which has led to its success over the last few years. Since then, more companies—streaming or otherwise—have switched to the subscription model and have found success globally as well. App research company Sensor Tower compiled a list of the top ten highest-grossing iPhone and iPad apps through Business Insider.
Tencent (TCEHY) and Line, a Japanese chat and payments app operator, are joining forces on mobile payments in Japan. The partnership means that Tencent’s WeChat Pay will be accepted at business locations that use Line’s checkout system.
Amazon (AMZN) is exploring rolling out its Amazon Pay service broadly beyond its own marketplace, Wall Street Journal reported, citing people familiar with Amazon’s plan. In addition to the United States, Asia is one of the key regions Amazon is eyeing to open up the market for Amazon Pay. The explosion of e-commerce in Asia could make the region a lucrative market for Amazon’s digital payments service.
Britain’s antitrust regulator, the CMA (Competition and Markets Authority), is referring PayPal’s (PYPL) takeover of iZettle for a thorough review, a process that could take months to complete and could throw the deal’s fate in the United Kingdom into uncertainty. The regulator said it was taking the step because PayPal had failed to demonstrate how it would address concerns related to the deal’s impact on the competition. PayPal acquired the business for $2.2 billion in a transaction that closed in September, but it decided to delay the complete absorption of iZettle to allow the United Kingdom to conclude its antitrust review of the deal.
Earlier this month, Pandora launched a personalized podcast recommendation service, where it leverages artificial intelligence capabilities to help its listeners discover podcasts that are unique to their taste. With this personalized recommendation service, Pandora hopes to make podcast discovery effortless for its subscribers and hopefully pull more podcast fans to its platform. The recommendation service could help Pandora kill two birds with one stone.
This adds to iQiyi’s $1.4 billion cash holding at the end of the third quarter. The company’s content costs rose 66% to $875.5 million in the third quarter, accounting for 88% of total revenue. Content costs jumped 47% and accounted for 76% of total revenue in the second quarter.
The broader market sell-off is intensifying as US-China trade uncertainties and concerns over the slowing global economy are badly hurting investors’ sentiments. However, some stocks are still giving investors a reason to celebrate.
Since the beginning of the fourth quarter, the broader market has been facing trouble due to various issues including rising interest rates, concerns about the slowing global economy, and the US-China trade war. These factors have taken a toll on US equities (VTI) and resulted in more volatility. Before we discuss some of the factors in detail, let’s find out how the key indices are faring in the fourth quarter, especially in December.
Tencent Holdings, one of China’s most influential companies, is also one of the most active technology investors, backing some of the world’s biggest initial public offerings. But the technology giant’s ...