Shares of
Aurora Mobile (NASDAQ:JG), a Chinese provider of big data solutions to mobile app developers, surged after the company announced a deal with a global maker of new energy vehicles that it didn t name. While it didn t name its new partner, it did describe it, and the description seems to match a certain California-based electric-vehicle maker whose stock has had a
very good year.
As of 10 a.m. EST, Aurora s shares were up about 63.3% from Monday s closing price.
So what
I ll say this up front: It s all a bit mysterious, which should always make investors wary.
Aurora said in its press release that it has signed a deal with a maker of new energy vehicles a term used in China to mean electric vehicles and plug-in hybrids and that it will help that automaker improve its operational and service systems.
Aurora became the first municipality in Colorado to approve recreational marijuana delivery during an Aurora City Council meeting on December 21; the service could begin as soon as January.
The Colorado Legislature passed a bill in 2019 legalizing medical and recreational marijuana delivery, but only allowed for medical marijuana in 2020, with recreational coming online in 2021. Because Aurora has no medical marijuana businesses, any kind of delivery was off the table until 2021 but first, per state law, the municipality had to opt into allowing delivery. And Aurora City Council did that during a second reading of the ordinance that passed 7-3 at the December 21 meeting.