The Latest Breaking News from Youdao Inc

Despite the real estate industry crisis and other headwinds, the Chinese economy beats expectations to grow 5.3% in the first quarter, positioning it for future growth. Thus, top China stocks HUTCHMED (HCM), Autohome (ATHM), and Youdao (DAO) could be strong buys in May. Keep reading….

Despite facing challenges, the Chinese economy has demonstrated resilience, as evidenced by recent robust industrial output and retail sales data. Given this outlook, it might be an opportune time to own three top-notch China stocks, JD.com, Inc. (JD), China Automotive Systems (CAAS), and Youdao, Inc. (DAO). Read on….

Even though trade data and the recovery remain uneven, the Chinese economy exceeded the government’s set target of 5% for 2023. Moreover, several experts remain upbeat about the nation’s economic outlook for 2024 and beyond. Thus, quality China stocks Sohu.com (SOHU), Youdao (DAO), and Autohome (ATHM) could be smart investments…

Morgan Stanley analyst Sheng Zhong upgraded Youdao Inc (NYSE:DAO) to Overweight from Equal Weight with a price target of $15, up from $13. The price target implies an upside of 77.8%. Demand for learning services in China remains strong, and market leaders are "building advantages in their respective areas," Zhong tells investors in a research…

NetEase Inc (NASDAQ:NTES) reported fourth-quarter FY21 revenue growth of 23.3% year-on-year to $3.82 billion, beating the consensus of $3.81 billion. Segments and margins: Online game services revenues grew 29.8% Y/Y to $2.7 billion. The gross margin for online game services expanded by 100 bps to 64.1%. Net revenues from Youdao Inc (NYSE:DAO) increased 20.5% Y/Y to $209.3…