Tranche Update on Youdao, Inc.'s Equity Buyback Plan announced on November 17, 2022.
April 27, 2023 at 06:41 am EDT
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From January 1, 2023 to March 31, 2023, the company has repurchased 580,825 shares, representing 0.47% for $4.1 million. With this, the company has completed the repurchase of 1,755,011 shares, representing 1.43% for $10 million under the buyback announced on November 17, 2022.
Youdao, Inc. is an intelligent learning company that develops and uses technologies to provide learning content, applications and solutions for users of all ages. The Company operates two business segments. The Learning Services and Products segment offers online courses, including the Youdao Premium Courses, NetEase Cloud Classroom and China University MOOC, as well as learning products such as the Youdao Dictionary and Youdao Cloudnote, sales Youdao Dictionary Pen and Youdao Pocket Translator, and provides learning services to customers. The Online Marketing Services segment is engaged in providing different forms of advertising for marketing.