SPY383.63+6.93 1.84%
DIA315.24+5.66 1.83%
IXIC12,920.15+196.68 1.55%

Aurora Mobile Forges Partnership With TikTok Like Social Platform Kuaishou, Shares Spike

· 02/05/2021 06:06
  • Aurora Mobile Limited (NASDAQ: JGpartnered with short video social platform Kuaishou Technology, also known as TikTok competitor, to drive the latter’s monetization efficacy.
  • Aurora Mobile’s advertisement SaaS services have the potential to increase customer base and reduce costs for Kuaishou.
  • Aurora Mobile will benefit from the usage of its labels by the Kuaishou advertisers.
  • Aurora Mobile’s technology solutions reflect higher traffic monetization, brand marketing, and operational efficiency potential for Kuaishou.
  • Price action: JG shares are up 63.6% at $6.52 at the pre-market session on the last check Friday.