Shares of Ambow Education Holding Ltd. AMBO, +59.23% 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 Amazon.com Inc. AMZN, -0.29% 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 MCHI, +0.02% has edged up 1.9% and the S&P 500 SPX, -0.33% has gained 11.3%.
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