1Q2024: Youdao, China's leading intelligent learning co, achieves 19.7% net revenue growth to RMB 1.4bn, reaching first consecutive quarter of profitability.
Youdao, China's leading intelligent learning company, reports Q1 2024 financial results with 19.7% increase in net revenues to RMB 1.4bn and first consecutive quarter of profitability. CEO Dr. Feng Zhou cites AI + education strategy and plans to invest in content, online marketing, and AI-driven subscriptions. The company has launched 10+ apps based on large language model "Ziyue" and plans to expand in education and advertising with AI technology.
May 27, 2024
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