专栏咏竹坊

Youdao Offers Diversification Lesson as Education Crackdown Climaxes

Online tutoring services provider’s shares have rallied more than 30% since it reported big jumps in revenue across all business segments in the second quarter

This article only represents the author's own views.

Online tutoring services provider Youdao Inc. (DAO.US) is offering a real-life lesson on the virtues of diversification, as many of its peers fall victim to China’s crackdown on extracurricular education for young students.

Net revenue at the company, a unit of online gaming giant NetEase, more than doubled to 1.3 billion yuan ($200 million) in the second quarter of 2021 from