Why Shares of Remark Holdings Jumped Today
Shares of artificial-intelligence solutions provider Remark Holdings (NASDAQ: MARK) jumped on Tuesday after the company announced a new agreement related to its KanKan data intelligence platform. This adds to Monday's gain, which was driven by a $10 million investment from Thailand-based CP Group. The stock was up about 12% at 12:15 p.m. EST.
Remark announced on Tuesday that the early success of its first agreement with Bank of China to use its KanKan product to provide quality customers and reduce loan defaults had led to a second agreement. Remark will provide the same service for a new consumer loan product being launched by the bank.
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Source: Fool.com
