US Stock Market Move | Soft Cloud Technology (RYET.US) soars 18%, reaching a market value of $202 million.

On Wednesday, RYET.US, a cloud technology company, surged 18% to $5.99, reaching a market value of $202 million. It is reported that RYET.US focuses on K-12 education in China, aiming to reform traditional education and learning methods by providing new teaching, learning, and assessment methods for schools, teachers, and students in the era of artificial intelligence. According to the prospectus, the majority of RYET.US's revenue comes from two core product lines, namely the SmartExam Solution and the SmartHomework Solution. Its revenue comes from six main sources, including platform development, other testing services, software customization and content development, licenses, personalized exercise books and MOTKPro, as well as digital services.