Shares of Agora (API, Financial) skyrocketed, registering an impressive increase of over 97% to $5.42. The trading volume exceeded 51.4 million shares.
The surge follows the company's announcement of the official release of their aPaaS product, "Lingdong Meeting." This product leverages Real-Time Engagement (RTE) technology and generative AI capabilities to provide a low-code video conferencing platform. It features a multi-cloud, multi-platform design and offers an SFU+MCU hybrid architecture to support flexible deployment and scaling, catering primarily to clients' meeting, collaboration, and scheduling needs.