Molecular Data (MKD) Stock Surge 10% Over Weekend Session: What Could Be The Contributing Factor?

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NXTP Stock
NXTP Stock

The leading technology-driven platform in China’s chemical industry Molecular Data Inc. (Nasdaq: MKD) stock gained 10.48% during Friday’s trading session while hitting a high of $1.29 and a low of $1.10. MKD shares were traded for a total of 15.8 million against the 30-day average session volume of 7.46 million. At the end of the last trading session, MKD stock had reached $1.16. The surge in MKD stock came after several moves that day.

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What were those moves?


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Molecular Data Inc. provides chemical value chain participants with integrated solutions through its leading technology-driven platform in China. MKD provides e-commerce solutions, financial solutions, warehouse management software, and SaaS applications to the traditional chemical industry to address pain points. Those e-commerce solutions are mainly offered through its online platform of molbase.cn, molbase.com, Chemical Community APP, Moku Data WeChat account, and other ancillary platforms.

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Announcing the agreement signed with the first publicly listed cloud-computing company in China, Molecular Data on last Friday has set up a strategic partnership with UCloud Technology Co., Ltd.

Several industries, including chemical, medical, new materials, and others, will benefit from the platform formed by the both companies that integrate high-quality resources as well as services.

The deployment of Blockchain solutions will also be included in this move to address the deficiencies faced by various industries.

In addition, a cooperation agreement was signed on Friday by Molecular Data with China’s largest professional manufacturer of high-purity specialty solvents Anhui Shilian Special Solvent Co., Ltd.

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How the collaborations will impact MKD?

The business model of Molecular Data (MKD) will be further strengthened by these collaborations, as investors immediately bought the ideas which resulted in a rise in the MKD stock price that same day.

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