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News Breaks
March 28, 2014
05:27 EDTWBAI500.com enters into strategic cooperation agreement with Yhd.com
500.com announced that it has signed a strategic cooperation agreement with Yhd.com, a leading B2C e-commerce platform for food, beverages and imported food products in China which is owned by Wal-Mart Group, to begin offering the company's sports lottery products through Yhd.com's extensive e-commerce platform. According to the terms of the agreement, Yhd.com will begin marketing 500.com's sports lottery products and services. The company's sports lottery purchase and information services will be made available to Yhd.com's 60 million registered users through its online platform and mobile apps. With its extensive experience in managing online lottery products, 500.com will provide its advanced technology and operational expertise to aid Yhd.com in optimizing its lottery sales service, improving the customer experience, and promoting lottery products and user registrations through various marketing campaigns. 500.com will maintain full control of the product design, development and operation.
News For WBAI From The Last 14 Days
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May 21, 2015
09:31 EDTWBAI500.com downgraded to Sell from Hold at Deutsche Bank
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May 19, 2015
10:10 EDTWBAIPiper suspends rating on 500.com amid lottery sale halt
Piper Jaffray analyst Michael Olson pulled his rating on 500.com after the company reported declining users and revenue in Q1. Management indicated that since March, all provincial sports lottery centers to which 500.com provides lottery sales services have suspended accepting online purchase orders, Olson tells investors in a research note. The analyst cites "uncertainty around timing of potential resumption of normal business operations" for the suspension of his Neutral rating on 500.com. Shares of the online sports lottery service provider in China are up $2.81 to $19.55 in early trading.
06:39 EDTWBAI500.com appoints Zhengming Pan as CEO
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06:35 EDTWBAI500.com reports Q1 EPS 24c, consensus 25c
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