Ambow Education Holding Ltd (AMBO), China’s leading provider of premium education and global cultural exchange services, announced to initiate its Artificial Intelligence (AI) training for teachers, expanding its strategic partnership with Amazon in the process. The partnership is inclusive of the Company’s various endeavors to participate with renowned enterprises for increased usage of AI education and training teachers for AI. AMBO stocks price increased substantially after the news.
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Ambowhas worked with Amazon Web Services (AWS) for detailed Artificial intelligence related training courses. The companies have collectively launched live streaming courses focusing on AI education and training teachers to enhance their expertise. In the AI space, the courses will facilitate various other subjects and will provide a platform for educational resources. Through the strategic partnership, the engineering courses will be further enhanced, to tackle reducing unemployment.
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At last check in current trading, shares of Ambow Education Holding Ltd. (AMBO) soared 38.04% at $2.54. Ambow Education Holding Ltd.’s stock finished last trading session at $1.84. In the past 12 months, the company’s stock has retreated -10.24%, and in the last one week, the stock has moved down -8.91%Furthermore, the company has a current market of $46.61 million and its outstanding shares stood at 23.37 million.
Ambow’semerging engineering course series.
AMBO courses linked to its emerging engineering series are recommended to be premium courses on XuexiQiangguo, an app specializing in quality education. XuexiQiangguo has been installed extensively, with more than 1.3B downloads in the android based interface. Furthermore, it ranks among the top 4 in Chinese educational applications and has a broad reach with active users.
In order to address to growing job placement needs, Ambow’s premium course Dubbo Systems specializes to train emerging engineers, assisting to enhance technical cognition, and emphasizes on the application as well as critical thinking.
Furthermore, the 4th quarter of 2020 saw an increase in gross profit by 18.7% vs the same period of 2019. Gross profit margin was also increased to 38.1%, compared to 32.1% in the 4th quarter of 2019, which increased investor expectations for the company.
AMBO stock price surged adjacent to expanding its collaboration with Amazon. Furthermore, development in the lucrative field of AI education, and being amongst the top educational applications in China, has shareholders excited for the future of the company.