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Ambow Education stock rockets after expanded partnership with Amazon with launch of AI training for teachers



Shares of Ambow Education Holding Ltd.

blasted 45.7% higher on massive volume after the China-based provider of educational and career enhancement services announced the expansion of its partnership with Inc.

with the launch of Artificial Intelligence trading for teachers. Trading volume ballooned to 56.6 million shares, compared with the full-day average of about 648,000 shares over the past 30 days. Ambow said it has been collaborating with Amazon’s cloud services business, Amazon Web Services (AWS), on in-depth training courses. “Further cooperation with Amazon is a great testament to our strong capabilities in providing high-quality professional education and training,” said Ambow Chief Executive Jin Huang. “Leveraging our industry-leading AI Panorama Digital Teaching System, we will regularly launch AI training courses and host various events for new skills, shared experience and project research.” Ambow’s stock has advanced 23.5% year to date, while the iShares MSCI China ETF

has edged up 1.9% and the S&P 500

has gained 11.3%.

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