Greenland Technologies Holding Corp
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Industrials : Machinery |
Based in China
Company profile

Greenland Technologies Holding Corporation, formerly Greenland Acquisition Corporation, through its subsidiaries, is primarily engaged in developing and manufacturing of traditional transmission products for material handling machineries and developing of a robotic cargo carrier prototype in China.

Price
Delayed
$3.01
Day's Change
0.25 (9.06%)
Bid
--
Ask
--
B/A Size
--
Day's High
3.49
Day's Low
2.83
Volume
(Heavy Day)

Today's volume of 92,552 shares is on pace to be much greater than GTEC's 10-day average volume of 28,087 shares.

92,552

UPDATE: Facebook, Apple, Nike and other companies support protesters with donations and hashtags

8:09 pm ET June 1, 2020 (MarketWatch)
Print

By Mike Murphy and Andrew Keshner

Microsoft's CEO urged 'empathy and compassion, Uber's CEO announced $1 million for social-justice groups, and Facebook pledged $10 million

As protests stemming from the death of George Floyd wrack the nation (http://www.marketwatch.com/story/picking-up-the-pieces-after-a-shattering-weekend-of-protest-and-violence-from-coast-to-coast-and-virtually-every-in-between-2020-06-01), a number of leading tech companies have offered their support for demonstrators and funding for social-justice organizations.

Twitter Inc. (TWTR) changed its profile bio (https://twitter.com/Twitter)to read simply "#BlackLivesMatter," while Alphabet Inc.'s (GOOGL) (GOOGL) Google said on its main search page: "We stand in support of racial equality, and all those who search for it."

Google's YouTube said it would donate $1 million "in support of efforts to address social injustice."

(https://twitter.com/YouTube/status/1266540691791863808)

Mark Zuckerberg, CEO and co-founder of Facebook(FB), said his company would donate $10 million to organizations focused on racial justice. "The pain of the last week reminds us how far our country has to go to give every person the freedom to live with dignity and peace," he said in a post (The%20pain%20of%20the%20last%20week%20reminds%20us%20how%20far%20our%20country%20has%20to%20go%20to%20give%20every%20person%20the%20freedom%20to%20live%20with%20dignity%20and%20peace.)on his profile.

(Zuckerberg made the pledge after saying social media companies shouldn't be in the business of fact-checking (http://www.marketwatch.com/story/facebook-shouldnt-be-the-arbiter-of-truth-zuckerberg-tells-fox-news-2020-05-27). Zuckerberg was reacting in those comments to Twitter's decision to fact-check President Donald Trump's tweets. Twitter said one of Trump's tweets about Minneapolis riots was "glorifying violence.") (http://www.marketwatch.com/story/twitter-labels-trump-tweet-as-glorifying-violence-2020-05-29)

(http://www.marketwatch.com/story/twitter-labels-trump-tweet-as-glorifying-violence-2020-05-29)See also: Facebook workers revolt against Zuckerberg as Trump posts continue to go unchallenged (http://www.marketwatch.com/story/facebook-workers-revolt-against-zuckerberg-as-trump-posts-continue-to-go-unchallenged-2020-06-01)

Major streaming services -- such as Netflix Inc. (NFLX) , Amazon.com Inc.'s (AMZN) Prime Video, Walt Disney Co. (DIS) -controlled Hulu and AT&T's (T) HBO Max, as well as Quibi and Amazon's Twitch -- tweeted that they stand in solidarity with protesters, with Netflix saying: "To be silent is to be complicit."

(https://twitter.com/netflix/status/1266829242353893376)

(https://twitter.com/AmazonStudios/status/1266941686552264704)

(https://twitter.com/hulu/status/1266913549512658946)

(https://twitter.com/hbomax/status/1266912003257331713)

(https://twitter.com/Quibi/status/1266919381633658881)

(https://twitter.com/Twitch/status/1266853144224395264)

Executives also spoke out.

"My hope is that if each of us recommits to doing all we can to counter bigotry wherever we see it, change will follow," Dara Khosrowshahi, chief executive of Uber Technologies Inc. (UBER) , tweeted Sunday, as he announced the company would donate $1 million to the Equal Justice Initiative and the Center for Policing Equity.

(https://twitter.com/dkhos/status/1267171988998479873)

In a statement Saturday, Microsoft Corp. (MSFT) shared CEO Satya Nadella's message of "empathy and compassion."

(https://twitter.com/Microsoft/status/1266801914823360512)

"For those feeling grief, anger, sadness & fear, you are not alone," Alphabet CEO Sundar Pichai said in a Sunday morning tweet.

(https://twitter.com/sundarpichai/status/1267094364976672768)

Apple Inc. (AAPL) CEO Tim Cook was one of the first executives to speak out, tweeting last week: "Justice is how we heal."

(https://twitter.com/tim_cook/status/1266201296391901186)

In an internal memo, (http://www.marketwatch.com/story/apples-tim-cook-now-is-not-the-time-for-standing-on-the-sidelines-2020-05-31) Cook told staff at his company, "We have to reexamine our own views and actions in light of a pain that is deeply felt but too often ignored. Issues of human dignity will not abide standing on the sidelines." The company on Sunday said it had to close some stores (http://www.marketwatch.com/story/protests-force-target-walmart-and-cvs-and-to-close-some-stores-2020-06-01)for safety reasons.

Calls for change went far beyond Silicon Valley.

Target(TGT) is headquartered in Minneapolis, Minn., the site of Floyd's death. The company sent first-aid equipment, medicine and other supplies "to help ensure that no one within the areas of heaviest damage and demonstration is cut off from needed supplies," according to Brian Cornell, the retail company's chairman and CEO.

A Target store on Lake Street in Minneapolis was damaged by looters. Target has closed that store and several others. The more than 200 displaced Lake Street store employees will continue to get pay and benefits, Cornell said (https://corporate.target.com/article/2020/05/supporting-communities-minnesota-beyond).

Prominent financial leaders also spoke up about Floyd's death (http://www.marketwatch.com/articles/larry-fink-jamie-dimon-and-other-execs-denounce-racism-amid-protests-51590957357). For example, Jamie Dimon, chairman and CEO at JP Morgan Chase(JPM), and Brian Lamb, the company's global head of diversity and inclusion, said in an internal memo that "we are watching, listening and want every single one of you to know we are committed to fighting against racism and discrimination wherever and however it exists."

Mark Mason, chief financial officer at Citigroup(C) , said he watched the video (https://blog.citigroup.com/2020/05/i-cant-breathe/)of Floyd's death with "horror, disgust and anger."

In the arena of pro sports, current and retired players, including Michael Jordan, have also addressed Floyd's death (http://www.marketwatch.com/story/michael-jordan-and-many-current-nba-players-express-their-anger-and-frustration-over-the-death-of-george-floyd-2020-06-01). Nike(NKE) also weighed in on Floyd's death.

"For once, don't do it," the clip began, turning the athletic retail giant's iconic phrase around. "Don't turn your back on racism," it later added.

(https://twitter.com/ WSODIssue="212856">Nike/status/1266502116463370241)

Apart from comments and donations from high-profile companies and individuals, George Floyd's brother, Philonise Floyd, established a GoFundMe account (https://www.gofundme.com/f/georgefloyd/donations) that's received scores of small-dollar donations. As of Monday, the account had raised $7.4 million, well over the $1.5 million goal.

-Mike Murphy; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 01, 2020 20:09 ET (00:09 GMT)

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