Gaotu Archives - Pandaily

Gaotu Techedu Restructures, Achieves Profitability in Q4

Gaotu Techedu, an online tutoring service provider for larger class sizes in China, announced on Tuesday its unaudited financial results for the fourth quarter and fiscal year that ended December 31, 2021.

Chinese Tutoring Firm TAL Education Sees 8.8% YoY Decrease in Revenue

Chinese private tutoring company TAL Education on Monday announced its unaudited financial results for the third quarter of fiscal year 2022 ended November 30, 2021.

Gaotu Techedu Expects Substantial Downturn in Revenue

Gaotu Techedu, a Chinese provider of online large-class tutoring services, on Thursday issued business updates following the release of regulatory requirements by the Beijing local government.

Beijing to Stop Online Tutoring of Senior High School Students During Winter Vacation

Beijing regulators have interviewed many leading online tutoring companies this week, asking them to stop selling courses targeted at senior high school students during winter vacation and to refund any fees paid.

Gaotu to Stop Compulsory Education Business by End of Year

Gaotu Techedu Inc. announced that it will end its off-campus tutoring services related to academic subjects from kindergarten through grade nine (the "K-9 Academic AST Services").

As Required by Policy, Gaotu Deposits Tuition Collected in Advance Into Designated Bank Account Supervised by Government

Chinese online tutoring firm Gaotu briefly disclosed its recent operation in a letter published on its official WeChat account on Monday. On Tuesday, the share price of Gaotu closed at $3.625/share, with a total market value of $929 million.

Gaotu Releases Q2 Earnings Report, Plans to Shift Towards Vocational Education

Beijing-based education and training institution Gaotu Group on Wednesday released its Q2 earnings report for the period ended June 30, 2021.

ByteDance’s Dali Education and Gaotu to Layoff Employees Under Pressure of Double Reduction Policy

With the implementation of the so-called "double reduction" policy, ByteDance's Dali Education and Gaotu to layoff employees. Bytedance did not confirm this report.

From Gold Rush to Minefield: Can the Chinese Online Education Industry Survive Its Darkest Hour?

For Chinese K12 online education companies, this June has been unnervingly quiet due to tightening regulation targeting the online education industry.

CEO of Education Firm Gaotu Responds to Reports of Staff-Cutting Under Regulatory Pressure

On the evening of June 27, Larry Chen, CEO of Gaotu Techedu, issued a document in response to recent public suspicions about the company.

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