Youdao, Inc. American Depositary Shares, each representing one Class A Ordinary Share (DAO)

Beijing, China, May 27, 2024 (GLOBE NEWSWIRE) -- On May 23, Youdao, Inc. (NYSE: DAO), an intelligent learning company with industry-leading technology in China, announced its unaudited financial results for the first quarter ended March 31, 2024. During the period, Youdao's generative AI applications rapidly accelerated its commercialization under its dual-drive strategy of "AI+education content," bringing steady growth across multiple financial metrics.

U.S. stock futures traded higher this morning on Thursday. Here are some big stocks recording losses in today’s pre-market trading session. Youdao, Inc. (NYSE: DAO) shares tumbled 8.1% to $4.00 in pre-market. E2open Parent Holdings, Inc. (NYSE: ETWO) shares dipped 4.1% to $2.10 in pre-market trading as Redburn Atlantic analyst Alex Haissl downgraded the stock from Buy to Neutral and lowered the price target from $8.5 to $4. E2open shares fell 50% on Wednesday after the company reported second-quarter financial results. FingerMotion, Inc. ...

Should you stick with the resilient stalwart or take a chance on the Gen Z darling?

Cheery macro data and developments are supporting the bullish narrative for Chinese stocks. Charlie Munger's increased bet on Alibaba, Meituan's antitrust conclusion, and more...

A crackdown on the education industry in China has J.P. Morgan throwing in the towel on U.S.-listed education stocks that have been hammered in the last two sessions.