Aurora Mobile Limited (NASDAQ: JG) a leading big data solutions platform in China, saw stock price rising immensely as Oppenheimer analyst Bo Pei initiated coverage of the company with an outperform rating and a $6 price target. JG’s share price declined earlier this year as Aurora reported fourth-quarter results that did not exceed investor expectations.
At last check-in premarket trading, shares of Aurora Mobile Limited (JG) had an increment of 9.12% at $3.59. JG’s stock closed last session at $3.29, plummeting -2.08% or -$0.07. Shares of the company fluctuated between $3.22 and $3.45 throughout the day. For the last six months, the stock has gained a total of 92.40%, and over the last three months, the stock has decreased by -9.62%
About Aurora Mobile Limited Partnership
Aurora Mobile Limited (NASDAQ: JG) has established a partnership agreement with Zhengzhou Space-time Tunnel Information Technology Co., Ltd. (UU Paotui). Aurora Mobile will use their Unification Messages System through artificial intelligence to provide assistance for UU Paotui to conduct smart operations and intelligent consumer reach.
UU Paotuispecializes in online errands and is a delivery platform for users in China. It provides the users with a variety of convenient services such as pick-up and deliveries for purchases, and services other errands with 24/7 availability. The company consists of 3.2 million task workers and offers services to users exceeding 50M and 1 million merchants in over 230 cities through out the country.
Aurora Mobile’s Unification Messages System has integrated various leading messaging platforms, such as mobile Apps, WeChat official accounts, WeChat mini-programs, Short Message Service, emails, Fuwu Alipay and DingTalk, and allows businesses to reach target audience more effectively via one integrated messaging channel that increases operational simplicity and diminishes costs with flexible routing management. It also consists of multi-dimensional statistical data that focus on marketing channels and promotes digital upgrade of the on-order delivery space.
Aurora Mobile will aid UU Paotui to produce a new system of intelligent on-demand services that effectively sources labour forces, and has a high accuracy rate in matching expertise of an employee with consumer demand, and ensures that workers are given their fair share of compensation. The partnership will allow Aurora Mobile and UU Paotui will mutually create an expanded value chain of on-demand services that focuses on consumer orientation.
Strategic partnership with UU Paotui, combined with the synergy between the two companies due to the complementary nature of these businesses has peaked investor interest. Furthermore, positive data by analyst’s has surged expectations from the company with stock price soaring 9.12% at last check.