Why Cloopen Group Stock Just Popped
Shares of Cloopen Group Holding Limited (NYSE: RAAS), the Beijing-based provider of cloud-based communications, jumped 14.5% through 12:15 p.m. EDT after reporting a "sales beat" but an earnings miss early this morning. Perhaps even more important than the customers, Chinese government regulators have focused on data security as they cracked down on their own tech sector these past several weeks.