Shares of China Finance Online Co. (ADR) (NASDAQ: JRJC), a provider of vertically integrated financial services through web portals, software systems and mobile handsets, are surging in trading today after the company announced that it entered into an exclusive partnership with Baidu.com (ADR) (NASDAQ: BIDU) on mobile web application.
JRJC shares rose to an intra-day high of $1.73 in trading today. At last check, the stock was trading 21.49% higher at $1.47 on above average volume of 368,438.
Under the partnership, Stockstar.com, China Finance Online’s flagship portal site, and Baidu have introduced a mobile web application that integrates Stockstar’s proven financial information services with leading internet technology. The application enables users to access a range of information on companies traded on the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
Zhiwei Zhao, Chairman and CEO of China Finance Online, said that the partnership speaks volumes about JRJC’s leadership in financial information services and technologies.