Molecular Data, Inc. (MKD) is a chemical e-commerce company in China. It basically deals with financial, logistic, and e-commerce-based solutions. In addition, the company also deals with the SaaS suite for the members in the traditional chemical business.
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The price of MKD stock during the regular trading on December 30, 2021, was $0.22 with a significant rise of 7.56%. At last check in the aftermarket on December 31, 2021, the stock increased by 1.10%.
MKD: Events and Happenings
On December 14, 2021, MKD reported about its entry into a collaboration to achieve the goal of supercomputing clusters in North America. MKD expected the addition of 13MW in the preliminary phase. Approximately US$5 million in revenue and US$4 million in gross profit will be generated through the new venture.
On December 8, 2021, MKD reported about initiating its participation in the building of the chemical business internet infrastructure, combining AI, 5G tech, and the Internet of things. On December 6, 2021, MKD reported about the up-gradation of its platform by using Blockchain for the company’s recent business credibility. Including the characteristics of Blockchain such as transparency and traceability, the adoption can be used in various procedures from the front to back end.
On December 1, 2021, MKD reported on a joint venture with GY Energy Tech. The collaboration will aid in the replacement of diesel trucks with efficient energy trucks. The company also intends to construct stations for efficient battery replacement, charging spots, and management platforms.
On September 22, 2021, MKD reported the closure of a registered direct offering for the acquisition and sale of common units, consisting of one share and one warrant. The acquisition price of the common shares was $0.38 per share. The exercise price of the warrants is $0.38. The gross proceeds resulting from offers were up to $15 million.
On September 13, 2021, MKD reported about its strategic partnership memo for a potential deal, including a stake in a well-known logistics player with approximately a decade of domain knowledge. On September 2, 2021, MKD reported about its merger with a US investment company. The collaboration developed international blockchain data hubs and renewable sustainable energy programs.
Conclusion
Although the price of the stock fell 12% in comparison to the past month, yet the recent surge which is primarily the result of uncertain market conditions is displaying the interest of the investors in the un-conventional strategic procedures adopted by the company.
