Shares of Aurora Mobile Ltd. (JG) are rising over 10% in pre-market today, after the company announced that its development and commercialization project relating to a deep learning and big data-powered system will receive special support funding of RMB17.24 million from the Development and Reform Commission of Shenzhen Municipality or Shenzhen DRC, representing the highest allocation among all recipients.
On October 10, 2020 Shenzhen DRC released the list of the first batch of projects in strategic emerging industries entitled for its special support funds. Among the 123 projects included in the list, 8 will receive a special support fund of more than RMB10 million.
The stock has been trading in the range of $1.40 – $4.36 for the past one year, and closed Wednesday’s trade at $1.54, up 6 cents or 4.05%. JG is currently trading at $1.70, up 16 cents or 10.39% in the pre-market session Thursday.
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