China Finance Online JRJC Stock News

China Finance Online Co. (NASDAQ: JRJC) stock is making a run for the top in the market this morning, trading on gains of around 300% before the opening bell. The gains come after the company announced that it entered into a partnership with Dow Jones. Here’s what’s going on:

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JRJC Stock Rockets On Dow Jones Partnership

In the press release, China Finance Online announced that it has signed a partnership agreement with Dow Jones. As a result of the agreement, Dow Jones will provide the company with access to a sub-set of its Chinese language newswire services.

These services include market commentary and spot news in China. Moreover, the two companies will work together to better serve the financial information and data market in China, which just so happens to be massive.

Through the partnership, global economic data, financial news, and information expertise will be combined with market-leading data and audience engagement, generating a massively valuable service.

Importnatly, JRJC reminded investors that Dow Jones is the parent company of The Wall Street Journal, Barron’s, Market Watch, and several other online brands. As a result, the company delivers high quality, trusted, media and intelligence solutions to a very large audience.

In a statement, Mr. Zhiwei Zhao, Chairman and CEO at JRJC, had the following to offer:

This marks a significant partnership as well as a strong endorsement of our philosophy that technology and data-driven knowledge will enable financial services and investors on their quest for excellence and success. For over a hundred years, Dow Jones has established a distinguished reputation for its best-in-class global economic data, financial information and market intelligence. On the other hand, China Finance Online has been fully committed over the past 20 years to building and providing one of the largest financial and economic databases for Chinese institutional and retail investors.

We believe that this strategic partnership is highly complementary and will create tremendous knowledge and data synergies as well as premium content to benefit over 1000 of our institutional clients in China. Sophisticated data analytics and timely news have always been the vital building blocks for our data mining and smart research products that are dedicated to empowering wealth management services in China. We look forward to further collaboration with Dow Jones to explore more opportunities in the Chinese wealth management industry.

The above statement was followed up by Christopher Ellis, Head of Partnerships & Licensing in the Asia Pacific at Dow Jones. Here’s what he had to say:

This new partnership with China Finance Online marks an exciting new chapter for our business in Asia. China Finance Online already offers its customers market-leading financial news content and data solutions. I am confident that through our partnership, we will be able to further elevate the quality of financial news and information that Chinese customers will now be able to access and help to drive business decision making and innovation in China.

This News Is Huge

At the end of the day, this is a big win for China Finance Online. Through the partnership, the company has the ability to become the leading financial media, information, and data providers in one of the largest countries in the world. As a result, JRJC stock is one to watch incredibly closely.

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