Shenzhen Issued 6 Million Blockchain Invoices in 12 Months

Major Chinese city Shenzhen has issued nearly six million blockchain-based invoices in a year since their inception in Aug. 2018.

Major Chinese city Shenzhen has issued nearly six million blockchain-based invoices in a year since their inception in Aug. 2018.

Shenzhen processed around $550 million through blockchain invoices in a year

According to a report by state news agency Xinhua on Aug. 6, more than 5,300 local companies in 113 sectors have joined Shenzhen’s blockchain invoice program so far.

As reported by Shenzhen Municipal Taxation Bureau, the average daily issuance of the invoice is estimated to account for 44,000, while the total value of the invoices has amounted to 3.9 billion Chinese yuan ($553 million).

First blockchain invoice issued by a local restaurant in Aug. 2018

Shenzhen, a city in Guangdong province and the first economic special zone in China, piloted its first blockchain-powered invoice on Aug. 10, 2018, when the invoice was issued by a local Shenzhen restaurant. As previously reported, Shenzhen’s blockchain invoice system was developed by Chinese internet giant Tencent — the developer of the social media platform WeChat — together with the tax bureau of Shenzhen.

Since the project was launched, the use of blockchain-based invoices has been gaining momentum in a number of industries in Shenzhen, including finance, retailing, catering and hospitality, the new report says. In March 2019, local media reported that Shenzhen issued the country’s first blockchain invoice for a subway ticket.

Recently, Cointelegraph reported on London-based bank Standard Chartered completing its first blockchain-based supply chain financing transaction within Digital Guangdong project, which is a joint initiative between Tencent, China Unicom, China Telecom and China Mobile.

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Pictet & Cie Europe Sa Has Upped Alibaba Group Hldg LTD (BABA) Holding by $409682; Tableau …

Pictet & Cie Europe Sa Has Upped Alibaba Group Hldg LTD (BABA) Holding by $409,682; Tableau Software (DATA) Shareholder Crosslink Capital …

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Pictet & Cie Europe Sa increased its stake in Alibaba Group Hldg Ltd (BABA) by 6.2% based on its latest 2019Q1 regulatory filing with the SEC. Pictet & Cie Europe Sa bought 2,251 shares as the company’s stock declined 8.56% . The institutional investor held 38,554 shares of the business services company at the end of 2019Q1, valued at $7.03M, up from 36,303 at the end of the previous reported quarter. Pictet & Cie Europe Sa who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be bullish on the $409.17B market cap company. The stock decreased 5.13% or $8.26 during the last trading session, reaching $152.74. About 22.11M shares traded or 5.83% up from the average. Alibaba Group Holding Limited (NYSE:BABA) has declined 6.34% since August 5, 2018 and is downtrending. It has underperformed by 6.34% the S&P500. Some Historical BABA News: 02/04/2018 – Alibaba gobbles up food delivery app; 02/04/2018 – Alibaba buys out Chinese food delivery app; 08/05/2018 – ROCKET INTERNET SE RKET.DE – ALIBABA ACQUIRES ENTIRE SHARE CAPITAL OF DARAZ, A COMPANY INCUBATED BY ROCKET INTERNET; 07/05/2018 – ALIBABA PICTURES GROUP-EXPECTS TO FUND BUSINESS INITIATIVES IN COMING YEAR WITH OWN INTERNAL FINANCIAL RE; 07/03/2018 – Renault Deepens Pact With Alibaba as Part of China Sales Push; 02/04/2018 – Alibaba will buy Chinese food delivery app Ele.me; 30/05/2018 – SHENZHEN CLOU ELECTRONICS 002121.SZ SAYS IT SIGNS STRATEGIC FRAMEWORK AGREEMENT WITH ALIBABA’S CLOUD COMPUTING AFFILIATE ON COOPERATION IN AREAS SUCH AS CLOUD COMPUTING, BIG DATA AND ARTIFICIAL…; 15/03/2018 – Alibaba May List Depositary Receipts if China Rules Permit; 28/05/2018 – Alibaba Health Information Technology: To Acquire Alibaba Holding Unit Ali JK Medical Products for HK$10.6 Billion; 16/04/2018 – XIAN INTERNATIONAL MEDICAL INVESTMENT 000516.SZ SAYS IT SIGNS AGREEMENTS ON MEDICAL RELATED PROJECTS WITH ALIBABA CHINA, ITS HEALTH TECHNOLOGY AFFILIATE

Crosslink Capital Inc increased its stake in Tableau Software (DATA) by 18.84% based on its latest 2019Q1 regulatory filing with the SEC. Crosslink Capital Inc bought 19,280 shares as the company’s stock rose 40.41% . The hedge fund held 121,595 shares of the technology company at the end of 2019Q1, valued at $15.48 million, up from 102,315 at the end of the previous reported quarter. Crosslink Capital Inc who had been investing in Tableau Software for a number of months, seems to be bullish on the $14.80B market cap company. It closed at $169.53 lastly. It is down 65.93% since August 5, 2018 and is uptrending. It has outperformed by 65.93% the S&P500.

Pictet & Cie Europe Sa, which manages about $585.14 million US Long portfolio, decreased its stake in Boston Scientific Corp (NYSE:BSX) by 9,370 shares to 5,970 shares, valued at $229,000 in 2019Q1, according to the filing. It also reduced its holding in Ishares Tr (EEM) by 27,000 shares in the quarter, leaving it with 30,271 shares, and cut its stake in Citigroup Inc (NYSE:C).

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Finance.Yahoo.com which released: “Should You Consider Alibaba Group Holding Limited (NYSE:BABA)? – Yahoo Finance” on July 01, 2019, also Investorplace.com with their article: “3 Reasons Alibaba Stock Will Continue to Rise – Investorplace.com” published on July 11, 2019, Finance.Yahoo.com published: “Can China UnionPay Defeat Alibaba’s Alipay and Tencent’s WeChat Pay? – Yahoo Finance” on July 13, 2019. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Investorplace.com and their article: “5 Top Stock Trades for Friday: GM, AMD, WDC, QCOM, BABA – Investorplace.com” published on August 01, 2019 as well as Finance.Yahoo.com‘s news article titled: “2 Chinese Stocks Seeing Unusually Heavy Options Trading – Yahoo Finance” with publication date: July 22, 2019.

More notable recent Tableau Software, Inc. (NYSE:DATA) news were published by: Finance.Yahoo.com which released: “Telephone and Data Systems (NYSE:TDS) Has A Somewhat Strained Balance Sheet – Yahoo Finance” on July 29, 2019, also Finance.Yahoo.com with their article: “Does The Data Make M/I Homes, Inc. (NYSE:MHO) An Attractive Investment? – Yahoo Finance” published on July 22, 2019, Finance.Yahoo.com published: “Could The DRDGOLD Limited (NYSE:DRD) Ownership Structure Tell Us Something Useful? – Yahoo Finance” on July 15, 2019. More interesting news about Tableau Software, Inc. (NYSE:DATA) were released by: Marketwatch.com and their article: “These stocks have plunged the most since Powell and Trump crashed investors’ party – MarketWatch” published on August 05, 2019 as well as Finance.Yahoo.com‘s news article titled: “What Do Investors Need To Know About The Future Of Alibaba Group Holding Limited’s (NYSE:BABA)? – Yahoo Finance” with publication date: August 05, 2019.

Crosslink Capital Inc, which manages about $2.09 billion and $403.56M US Long portfolio, decreased its stake in Etsy Inc by 137,040 shares to 54,240 shares, valued at $3.65 million in 2019Q1, according to the filing. It also reduced its holding in Equinix (Private) (NASDAQ:EQIX) by 15,500 shares in the quarter, leaving it with 16,200 shares, and cut its stake in I3 Verticals Inc.

Investors sentiment increased to 1.89 in Q1 2019. Its up 0.52, from 1.37 in 2018Q4. It improved, as 28 investors sold DATA shares while 69 reduced holdings. 67 funds opened positions while 116 raised stakes. 73.86 million shares or 5.53% more from 69.98 million shares in 2018Q4 were reported. Walleye Trading Ltd Limited Liability Company invested in 0.04% or 37,653 shares. Mitsubishi Ufj Banking invested 0.11% of its portfolio in Tableau Software, Inc. (NYSE:DATA). 15,590 were reported by Robeco Institutional Asset Management Bv. Dupont Corporation reported 6,236 shares stake. Public Employees Retirement Sys Of Ohio holds 0.03% or 47,588 shares. Deutsche National Bank & Trust Ag has 257,238 shares. Crosslink Capital owns 121,595 shares for 3.84% of their portfolio. Numerixs Investment Technology owns 0.07% invested in Tableau Software, Inc. (NYSE:DATA) for 4,200 shares. California-based Charles Schwab Mngmt Inc has invested 0.02% in Tableau Software, Inc. (NYSE:DATA). Blackrock stated it has 0.03% of its portfolio in Tableau Software, Inc. (NYSE:DATA). Mackenzie Finance stated it has 0% of its portfolio in Tableau Software, Inc. (NYSE:DATA). State Board Of Administration Of Florida Retirement Sys reported 0.03% stake. D E Shaw & reported 0% of its portfolio in Tableau Software, Inc. (NYSE:DATA). Da Davidson accumulated 4,235 shares or 0.01% of the stock. 8,327 are held by State Of Alaska Department Of Revenue.

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As Duke Energy New (DUK) Share Value Declined, Personal Capital Advisors Has Lowered Its …

Kings Point Capital Management increased its stake in Apple Inc (AAPL) by 6.41% based on its latest 2019Q1 regulatory filing with the SEC.

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Kings Point Capital Management increased its stake in Apple Inc (AAPL) by 6.41% based on its latest 2019Q1 regulatory filing with the SEC. Kings Point Capital Management bought 4,948 shares as the company’s stock rose 1.20% . The institutional investor held 82,105 shares of the computer manufacturing company at the end of 2019Q1, valued at $15.60 million, up from 77,157 at the end of the previous reported quarter. Kings Point Capital Management who had been investing in Apple Inc for a number of months, seems to be bullish on the $881.15B market cap company. The stock decreased 4.43% or $9.04 during the last trading session, reaching $194.98. About 23.33 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 12.18% since August 5, 2018 and is uptrending. It has outperformed by 12.18% the S&P500. Some Historical AAPL News: 03/04/2018 – Apple reveals UK gender pay gap; 07/05/2018 – Buffett: ‘I don’t have to do a thing’ to own more of Apple; 02/05/2018 – Tech Today: Apple’s Revenge, Snap Unstructured, Google’s Headaches — Barron’s Blog; 23/05/2018 – Apple offers $50 credit for 2017 battery replacements; 01/05/2018 – APPLE REPORTS NEW $100B BUYBACK PROGRAM, BOOSTS DIVIDEND BY 16%; 27/04/2018 – Chinese tariffs could raise the cost of phones, computers and other components, and many of Apple’s products are made in China. This could cause disruptions to the supply chain or other penalties such as boycotts; 24/04/2018 – Report: Apple’s iOS 11.3 Unlocks Progressive Web App Features to Fully Engage the Nearly Two Thirds of Mobile Shoppers on Ecommerce Sites that are on iOS; 02/05/2018 – Microsoft and Apple could get bans on Skype and FaceTime lifted in the UAE; 14/03/2018 – Le Maire accused Google and Apple of imposing tariffs on developers wishing to sell their apps to the internet giants; 14/05/2018 – Fidelity Management Adds Aptiv, Exits Praxair, Cuts Apple: 13F

Personal Capital Advisors Corp decreased its stake in Duke Energy Corp New (DUK) by 12.84% based on its latest 2019Q1 regulatory filing with the SEC. Personal Capital Advisors Corp sold 65,666 shares as the company’s stock declined 4.08% . The institutional investor held 445,606 shares of the power generation company at the end of 2019Q1, valued at $40.10M, down from 511,272 at the end of the previous reported quarter. Personal Capital Advisors Corp who had been investing in Duke Energy Corp New for a number of months, seems to be less bullish one the $63.63B market cap company. The stock decreased 0.11% or $0.1 during the last trading session, reaching $88.02. About 1.12 million shares traded. Duke Energy Corporation (NYSE:DUK) has risen 7.37% since August 5, 2018 and is uptrending. It has outperformed by 7.37% the S&P500. Some Historical DUK News: 29/03/2018 – Dominion to complete Atlantic Coast natgas pipe by end 2019; 18/04/2018 – DUKE’S BRUNSWICK 2 NUCLEAR REACTOR CUT TO 85% FROM 100%: NRC; 13/03/2018 – Vectren draws three suitors in second round; 22/03/2018 – Duke Energy’s new Climate Report details the company’s ability to adapt to a low-carbon future; 19/04/2018 – RTO Insider: @DukeEnergy said last week that it will pass $38 million in savings it will realize from the Tax Cuts and Jobs Act; 20/04/2018 – Florida PSC: Enter titleFlorida PSC Saves Duke Energy Customers Millions of Dollars; 07/05/2018 – Duke Energy helps South Carolina customers go solar with more than $50 million in rebates; 08/03/2018 – Voith’s Global Outlook Includes More than $6 Billion in 2018 Project Kickoffs, Completions, an Industrial Info News Alert; 08/05/2018 – Duke Energy Corp expected to post earnings of $1.14 a share – Earnings Preview; 11/04/2018 – Chapel Hill: Duke Energy Door-to-Door Marketing

Investors sentiment decreased to 0.96 in Q1 2019. Its down 0.01, from 0.97 in 2018Q4. It turned negative, as 79 investors sold AAPL shares while 847 reduced holdings. 150 funds opened positions while 735 raised stakes. 2.60 billion shares or 8.28% less from 2.83 billion shares in 2018Q4 were reported. Avenir Corp stated it has 1.82% in Apple Inc. (NASDAQ:AAPL). Mirae Asset Invs has invested 1.1% of its portfolio in Apple Inc. (NASDAQ:AAPL). Yhb Investment Advisors invested 3.84% in Apple Inc. (NASDAQ:AAPL). Bedrijfstakpensioenfonds Voor De Media Pno owns 5.68% invested in Apple Inc. (NASDAQ:AAPL) for 181,000 shares. Pettee Incorporated stated it has 12,695 shares. Hillsdale Invest holds 0.08% or 4,810 shares in its portfolio. Pzena Inv Mngmt Ltd Liability holds 1,580 shares or 0% of its portfolio. Raub Brock Capital Management Lp owns 1,099 shares or 0.04% of their US portfolio. Century Cos Incorporated invested 2.57% of its portfolio in Apple Inc. (NASDAQ:AAPL). Moreover, Victory Capital has 0.14% invested in Apple Inc. (NASDAQ:AAPL). Scotia stated it has 2.24% of its portfolio in Apple Inc. (NASDAQ:AAPL). 56,564 were accumulated by Wealth Enhancement Advisory Serv Ltd Liability Company. Caprock Grp Incorporated stated it has 1.97% of its portfolio in Apple Inc. (NASDAQ:AAPL). Tanaka Mgmt holds 10.54% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 18,399 shares. Orleans Cap Management Corp La owns 22,553 shares for 3.29% of their portfolio.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Seekingalpha.com which released: “There Is Much More Room For Apple Pay – Seeking Alpha” on July 09, 2019, also Nasdaq.com with their article: “The Zacks Analyst Blog Highlights: Alphabet, Apple and Intel – Nasdaq” published on August 05, 2019, Seekingalpha.com published: “Apple hires former Valve VR engineer – Seeking Alpha” on July 30, 2019. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Benzinga.com and their article: “This Analyst Doesn’t Want To Own Apple – Benzinga” published on August 02, 2019 as well as Benzinga.com‘s news article titled: “Investors, Analysts Still Tuned In To Spotify – Benzinga” with publication date: August 02, 2019.

Kings Point Capital Management, which manages about $503.14M US Long portfolio, decreased its stake in Ishares Tr S&P Midcap 400 (IJH) by 2,885 shares to 21,439 shares, valued at $4.06 million in 2019Q1, according to the filing. It also reduced its holding in Bancorpsouth Bk Tupelo Miss by 25,326 shares in the quarter, leaving it with 183,176 shares, and cut its stake in Paypal Hldgs Inc.

Investors sentiment increased to 1.2 in Q1 2019. Its up 0.19, from 1.01 in 2018Q4. It increased, as 44 investors sold DUK shares while 332 reduced holdings. 110 funds opened positions while 340 raised stakes. 425.27 million shares or 2.74% less from 437.22 million shares in 2018Q4 were reported. Marathon Cap owns 0.14% invested in Duke Energy Corporation (NYSE:DUK) for 3,429 shares. Janney Limited Liability Company holds 0.95% in Duke Energy Corporation (NYSE:DUK) or 201,941 shares. Joel Isaacson Co Ltd Liability holds 0.04% or 3,172 shares in its portfolio. 91,062 were reported by Amalgamated Bank & Trust. First Personal Fin has invested 0.41% of its portfolio in Duke Energy Corporation (NYSE:DUK). Kings Point Capital Mngmt invested 0.06% in Duke Energy Corporation (NYSE:DUK). Charles Schwab Investment Mngmt Incorporated holds 3.21M shares. Horan Capital Ltd holds 0.1% or 1,778 shares. John G Ullman Associates reported 0.72% stake. Envestnet Asset Mgmt Inc, a Illinois-based fund reported 653,257 shares. Moreover, Green Square Cap Ltd has 0.88% invested in Duke Energy Corporation (NYSE:DUK) for 15,086 shares. Bessemer Grp owns 4,369 shares for 0% of their portfolio. Amundi Pioneer Asset Mngmt stated it has 434,093 shares or 0.06% of all its holdings. Aviva Public Limited Liability Corp holds 269,796 shares. Neuberger Berman Ltd Liability Com stated it has 32,980 shares.

More notable recent Duke Energy Corporation (NYSE:DUK) news were published by: Prnewswire.com which released: “Duke Energy awards more than $103,000 in grants for workforce education, training in Indiana – PRNewswire” on July 10, 2019, also Fool.com with their article: “Retire Rich: 3 High-Yield Dividend Stocks You Can Set and Forget – Motley Fool” published on July 08, 2019, Finance.Yahoo.com published: “Three Things You Should Check Before Buying Duke Energy Corporation (NYSE:DUK) For Its Dividend – Yahoo Finance” on June 26, 2019. More interesting news about Duke Energy Corporation (NYSE:DUK) were released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: AppFolio, Cisco, Duke Energy, Goodyear, HyreCar, Illumina, Kinder Morgan, Micron, Pfizer, Tencent Music and More – 24/7 Wall St.” published on July 30, 2019 as well as 247Wallst.com‘s news article titled: “Activision, CVS, Disney, Kraft Heinz, Uber and More Earnings Coming This Week – 24/7 Wall St.” with publication date: August 04, 2019.

Analysts await Duke Energy Corporation (NYSE:DUK) to report earnings on August, 6 before the open. They expect $0.98 EPS, up 5.38% or $0.05 from last year’s $0.93 per share. DUK’s profit will be $708.47M for 22.45 P/E if the $0.98 EPS becomes a reality. After $1.24 actual EPS reported by Duke Energy Corporation for the previous quarter, Wall Street now forecasts -20.97% negative EPS growth.

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Aircastle LTD (AYR) Stake Maintained by Chicago Equity Partners Llc; Alibaba Group Hldg LTD …

Chicago Equity Partners Llc, which manages about $10.49B and $2.59B US Long portfolio, decreased its stake in Alteryx Inc by 4,030 shares to …

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Miura Global Management Llc decreased its stake in Alibaba Group Hldg Ltd (BABA) by 9.09% based on its latest 2019Q1 regulatory filing with the SEC. Miura Global Management Llc sold 20,000 shares as the company’s stock declined 8.56% . The hedge fund held 200,000 shares of the business services company at the end of 2019Q1, valued at $36.49 million, down from 220,000 at the end of the previous reported quarter. Miura Global Management Llc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be less bullish one the $431.28B market cap company. The stock decreased 4.31% or $7.46 during the last trading session, reaching $165.65. About 32.49M shares traded or 58.07% up from the average. Alibaba Group Holding Limited (NYSE:BABA) has declined 6.34% since August 2, 2018 and is downtrending. It has underperformed by 6.34% the S&P500. Some Historical BABA News: 29/05/2018 – “Among the widest regulatory gaps that support Chinese unicorns and decacorns such as Alibaba Group Holding Ltd. & Tencent Holdings Ltd; 09/03/2018 – Alibaba’s Jack Ma and Joe Tsai are pumping $20 million into Rent the Runway through their investment firm The deal is said to value the New York City startup at nearly $800 million; 14/05/2018 – SHANGHAI ATHUB 603881.SS SAYS IT PLANS TO COOPERATE WITH ALIBABA TO BUILD FIVE DATA CENTRE PROJECTS; 04/05/2018 – Alibaba revenues rise but Ant Financial makes a net loss; 09/04/2018 – MEDIA-Ant Financial executive chairman Lucy Peng steps down to focus on Lazada – SCMP; 04/05/2018 – Alibaba Group 4Q Adj EPS 91c; 18/04/2018 – Oath Hires Former Alibaba Group Executive as Pres & COO; 04/05/2018 – Alibaba Sees 2019 Revenue Growth Above 60%: TOPLive; 31/05/2018 – Luxury retailer Canada Goose lays out China expansion plans; 06/03/2018 – China Wants Tech Darlings Like Alibaba and Tencent to List at Home

Chicago Equity Partners Llc increased its stake in Aircastle Ltd (AYR) by 55.29% based on its latest 2019Q1 regulatory filing with the SEC. Chicago Equity Partners Llc bought 81,055 shares as the company’s stock rose 3.18% . The institutional investor held 227,655 shares of the diversified commercial services company at the end of 2019Q1, valued at $4.61M, up from 146,600 at the end of the previous reported quarter. Chicago Equity Partners Llc who had been investing in Aircastle Ltd for a number of months, seems to be bullish on the $1.53 billion market cap company. The stock decreased 1.88% or $0.39 during the last trading session, reaching $20.4. About 371,551 shares traded or 47.23% up from the average. Aircastle Limited (NYSE:AYR) has risen 1.17% since August 2, 2018 and is uptrending. It has outperformed by 1.17% the S&P500. Some Historical AYR News: 08/05/2018 – Aircastle Announces Placement of Airbus A321 with Nordwind Airlines; 03/05/2018 – Aircastle 1Q Rev $202.7M; 29/05/2018 – Aircastle Assigned a Long-Term Issuer Default Rating of BBB- by Fitch Ratings; 12/04/2018 – Aircastle at Wells Fargo Industrials Conference May 8; 03/05/2018 – AIRCASTLE 1Q REV. $202.7M, EST. $183.0M; 08/05/2018 – AIRCASTLE PLACES AIRBUS A321 WITH NORDWIND AIRLINES; 03/05/2018 – Aircastle 1Q EPS 73c

Investors sentiment increased to 1.47 in 2019 Q1. Its up 0.49, from 0.98 in 2018Q4. It is positive, as 11 investors sold AYR shares while 34 reduced holdings. 22 funds opened positions while 44 raised stakes. 42.38 million shares or 1.01% less from 42.81 million shares in 2018Q4 were reported. Hotchkis & Wiley Mngmt Ltd Liability Corporation stated it has 68,660 shares or 0.01% of all its holdings. Pnc Fincl Serv Gru has invested 0% in Aircastle Limited (NYSE:AYR). Renaissance Group Limited Company has invested 0.03% in Aircastle Limited (NYSE:AYR). Lpl Fincl Limited Liability Company stated it has 22,063 shares or 0% of all its holdings. Credit Agricole S A holds 0% in Aircastle Limited (NYSE:AYR) or 1,600 shares. Swiss Retail Bank holds 0% or 104,200 shares. Manufacturers Life Co The holds 0% or 35,371 shares. Tiaa Cref Invest Management Limited Com invested in 212,175 shares. Cambiar Investors Limited Liability owns 156,001 shares. Lsv Asset Mngmt holds 3.73M shares or 0.12% of its portfolio. James Inv Inc holds 0.06% in Aircastle Limited (NYSE:AYR) or 46,955 shares. Comml Bank Of America De stated it has 90,922 shares or 0% of all its holdings. Voya Investment Ltd invested in 21,234 shares. The California-based Wells Fargo And Mn has invested 0% in Aircastle Limited (NYSE:AYR). State Board Of Administration Of Florida Retirement has invested 0% in Aircastle Limited (NYSE:AYR).

More notable recent Aircastle Limited (NYSE:AYR) news were published by: Seekingalpha.com which released: “Aircastle Update: The 737-Max Debacle Is A Potential Huge Benefit – Seeking Alpha” on March 13, 2019, also Globenewswire.com with their article: “KBW Announces Index Rebalancing for Fourth-Quarter 2018 – GlobeNewswire” published on December 14, 2018, Finance.Yahoo.com published: “Read This Before Buying Aircastle Limited (NYSE:AYR) For Its Dividend – Yahoo Finance” on July 02, 2019. More interesting news about Aircastle Limited (NYSE:AYR) were released by: Benzinga.com and their article: “Blackjewel Bankruptcy Could Set Off Ripple Effects For Freight Rail – Benzinga” published on August 01, 2019 as well as Finance.Yahoo.com‘s news article titled: “Why I Like Aircastle Limited (NYSE:AYR) – Yahoo Finance” with publication date: April 30, 2019.

Chicago Equity Partners Llc, which manages about $10.49B and $2.59B US Long portfolio, decreased its stake in Alteryx Inc by 4,030 shares to 14,845 shares, valued at $1.25 million in 2019Q1, according to the filing. It also reduced its holding in Firstenergy Corp (NYSE:FE) by 23,785 shares in the quarter, leaving it with 182,285 shares, and cut its stake in Smart Global Hldgs Inc.

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ByteDance enters phones as TikTok ecosystem grows

The SoftBank Group-backed company this week confirmed it is developing a smartphone, months after saying it acquired certain patents from …

NEW YORK — ByteDance, the world’s most valuable startup and the Chinese company behind viral video app TikTok, is going into hardware.

The SoftBank Group-backed company this week confirmed it is developing a smartphone, months after saying it acquired certain patents from Smartisan, a Chinese handset startup that also has developed its own operating system. A ByteDance spokesperson said the new smartphone is a “continuation of plans that were in place” at Smartisan before the deal.

“This is a bold move and one where the risk far outweighs the reward,” said Geoff Blaber, an analyst at CCS Insight. “Smartphone differentiation is extremely difficult, and margins razor thin. ByteDance may have a broader strategy, but hardware can very quickly become a heavy weight on the balance sheet.”

Bold as it is, the move comes as a reminder that while TikTok is what the $75 billion startup is primarily known for globally, ByteDance sees the app as only a piece of its puzzle.

Just this year, ByteDance launched two chat apps in China: Duoshan, the video-based platform often compared to Snapchat, and Flipchat, an interest-based instant messaging app. The Beijing-based company continues to operate Jinri Toutiao — which translates to “today’s headlines” — the news aggregator by which it was first known.

Trademark registration records suggest that ByteDance also is eyeing financial technology sectors such as payment, which can be plugged into the company’s various social media platforms.

A smartphone of its own could serve as a valuable tool for the company to direct traffic to its entire family of apps, which likely will come installed on the device. ByteDance also will be able to collect more user data and provide better system support for its platforms by cutting out the intermediary.

ByteDance founder Zhang Yiming wishes to focus on building an ecosystem, rather than short-term profitability. © Getty Images

When ByteDance was still known as Jinri Toutiao, founder Zhang Yiming already hinted that his company’s vision lies not in short-term profitability but in building an ecosystem — perhaps even its infrastructure.

In an interview with Chinese business magazine Caijing in 2016, Zhang likened ByteDance to a combination of Tencent Holdings and Huawei Technologies, when asked to compare his company’s strategy with that of China’s incumbent tech giants.

Baidu‘s business strategy is geared toward profitability within a three-year time frame, through monetization of ads,” Zhang said of the Chinese search engine company. “Tencent, on the other hand, is focused on acquiring a user’s time. It cares more about if users play in its enclave.”

His own company’s direction is “more like Tencent, plus a little bit of Huawei,” Zhang said. “Huawei is big on basic infrastructure. My observation is that the more powerful a company is, the more foundational it gets.”

At the time, ByteDance was valued at just $11 billion. It had yet to acquire Musical.ly, the service that later became TikTok. The video app, together with its domestic version Douyin, topped 1 billion downloads worldwide this year. Its 2018 downloads surpassed those of Facebook-owned Instagram.

With its social media focus and forays into fintech, ByteDance’s path is indeed reminiscent of Tencent, which built its messaging and social platform WeChat into a super-app where users do everything from ordering food to managing wealth. Now also expanding its cloud business, Tencent touts access to its vast user base as a differentiating factor to enterprises interested in the service.

But the smartphone market is difficult to enter. Smartisan, with which ByteDance is developing its handset, accounts for less than 1% of Chinese market share.

The mobile device space also has seen a number of tech giants try and fail. Microsoft’s $7 billion acquisition of Nokia in 2013 as an attempt to catch up in the mobile revolution proved a bad bet. Amazon, which launched its Fire Phone in 2014, discontinued the product just a year later.

“The smartphone market is now very saturated and not growing as much as it did in the first wave of smartphone adoption,” said Marta Pinto, who tracks the handset market at research firm IDC. ByteDance will have to develop a “cutting-edge device” at an attractive price to persuade consumers to switch from their current preferences, she added.

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