A Stock To Watch As China Edtech Rejuvenates With AI Makeover

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A Stock To Watch As China Edtech Rejuvenates With AI Makeover - Benzinga

Quick Summary:

The company's AI-based homework and testing apps and 15.1 million users have helped it to stand out from rivals, though the stock looks expensive after a strong post-IPO rally

Key Takeaways: Shares of edtech company Ruanyun jumped up to 80% in their first week of trading, after the company raised $15 million in its Nasdaq IPO

The maker of homework and testing apps may have saturated its home market in Jiangxi province, and will need to expand nationally to maintain its rapid growth After a chilling crackdown that wiped out dozens of companies overnight, China edtech is suddenly roaring back.