Sina Technology News, in the early morning of September 1, Beijing time, U.S. stocks closed on Tuesday.NetEaseYoudao (NYSE: DAO) shares surged 20.71% to $12.65, and the current market value is $1.594 billion.
NetEase YoudaoThe financial report for the second quarter of 2021 as of June 30 was released before the market, with total net revenue of 1.3 billion yuan (US$200.3 million), an increase of 107.5% over the same period in 2020. The net loss attributable to common shareholders of NetEase Youdao was 524.4 million yuan (81.2 million U.S. dollars), compared with a net loss of 257.8 million yuan in the same period last year. Based on non-US GAAP, the net loss attributable to common shareholders of NetEase Youdao was 505 million yuan ($77.5 million), compared with a net loss of 250.5 million yuan in the same period last year.
The parent company NetEase adopted a plan to purchase the issued ADS shares of NetEase Youdao, with a purchase amount of up to 50 million U.S. dollars.
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