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Benzinga
Benzinga
Politics
Anusuya Lahiri

Here's Why Aurora Mobile Shares Are Trading Higher Premarket

Aurora Mobile Commission Nasdaq China
  • Shenzhen Development and Reform Commission granted a special support funding of RMB15 million to Aurora Mobile Limited (NASDAQ:JG) under the Strategic Emerging Industries Development Program.
  • Aurora Mobile's deep learning related project had completed the acceptance test from the Commission.
  • Aurora Mobile is a leading provider of customer engagement and marketing technology services in China.
  • Aurora Mobile reported first-quarter FY22 revenue of $13.5 million, up 11% year-on-year, missing the consensus of $14.6 million. EPS loss was $(0.06).
  • Price Action: JG shares traded higher by 8.82% at $1.11 in the premarket session on the last check Friday.
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