Shares of Dogness (International) Corp. (DOGZ) are trading up nearly 10% after it reported a surge in China e-commerce sales driven by expanded smart pet product line.
DOGZ is currently trading at $2.03, up $0.16 or 8.5561%, on the Nasdaq.
Dogness reported that its e-commerce sales in China increased 24 times for calendar year 2020, as compared to calendar year 2019, led by the company’s expanded smart pet product line.
“We are far outpacing the overall market, with our online sales in China in calendar year 2020 increasing approximately 2,400 percent, compared to approximately 2 percent overall growth for China’s urban pet market (dog and cat),” said CEO Silong Chen.
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