Shares of e-Future Information Technology ( EFUT) soared more than 40% after the China-based supply chain-management software company said the Beijing Tourism Group has licensed one of its products.

The tourism group will use e-Future's ONE Visual Process Management Solution to centralize purchasing and optimize the performance of some of its business segments. Financial terms weren't disclosed.

e-Future jumped $8.88, or 47%, to $27.88 Wednesday. Volume was much heavier than normal.

More from Technology

Tesla Slumps After Mary McCormack Tweets Husband's Flaming Model S

Tesla Slumps After Mary McCormack Tweets Husband's Flaming Model S

5 Stock Picks Under $10 for Millennials

5 Stock Picks Under $10 for Millennials

3 Apps Than Make Retirement Planning Fun for Millennials

3 Apps Than Make Retirement Planning Fun for Millennials

IBM, Oracle, Microsoft and Others Are Plunging Into 'Blockchain-as-a-Service'

IBM, Oracle, Microsoft and Others Are Plunging Into 'Blockchain-as-a-Service'

Worries About a Trade War Could Throw Wrench Into the Tech Stock Rally

Worries About a Trade War Could Throw Wrench Into the Tech Stock Rally