Youdao Inc. (China)

The Company was an internet technology company, provides online services in the field of content, community, communication, and commerce in China. The Company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.
BUSINESS
The Company is the leading intelligent learning company in China with over 100.0 million average total MAUs in the first half of 2019. Starting from online knowledge tools, it currently offer a comprehensive suite of learning products and services that are accessible, reliable and trustworthy.
Today, for tens of millions of people, the Company is the go-to destination for looking up a word, translating a foreign language, preparing for an exam, and picking up a new skill. Through technology, the Company enrich the lives of people of all ages every day, guiding them on their journey of pursuing knowledge and sharing ideas.
The Company also offer a variety of interactive learning apps that enable students to study math, English and other subjects with a virtual teacher on their mobile devices.
The Company s products and services are built upon a common set of core technologies, which allows it to use data insights gained from individual product or service to help optimize its entire product and service portfolio. The Company s business has evolved significantly since inception and it has never stopped re-imagining and innovating its products and services. The Company is doing this not only to cater to, but influence, the learning habits and lifestyles of its users, to fulfill their goals and enrich their lives. Since its inception, its apps has amassed over 1.3 billion cumulative downloads and more than 200 million student enrollments. Fueling all of these great achievements are the Company s technologies.
The Company began to invest in building smart devices that further enhance users' learning experience and efficiency. That's how it invented Youdao Smart Pen, Youdao Dictionary Pen and Youdao Pocket Translator. Its approach to such devices is a seamless integration of AI algorithms and data processing into hardware devices that supplement its online knowledge tools and online courses.
In 2007, the Company launched its flagship Youdao Dictionary, China's number one language app in terms of MAUs in the first half of 2019, according to Frost Sullivan.
In 2011, the Company launched Youdao Cloudnote, China's number one independent notetaking tool in terms of MAUs in the first half of 2019, according to Frost Sullivan.
In 2012, NetEase launched NetEase Cloud Classroom, a platform offering online courses mainly targeting adults in China, which was acquired by the Company in May 2019.
In 2014, the Company strategically expanded offerings to include online courses by launching Youdao Classroom, which was rebranded as Youdao Premium Courses in 2016. In the same year, NetEase launched China University MOOC, a platform offering online courses primarily targeting college students and adults in China, which was acquired by the Company in May 2019.
Between 2016 and 2018, the Company continued to expand its suite of learning products and services by launching a portfolio of interactive apps catering to various age groups' learning needs, which currently include Youdao Math, Youdao Vocabulary Builder, Youdao Fun Reading, Youdao Speaking and Youdao Reading, and by launching its smart device offerings, which currently include Youdao Smart Pen, Youdao Dictionary Pen and Youdao Pocket Translator.
The Group reports three reportable segments—learning services, smart devices and online marketing services.
HISTORY
2006 The Company commenced its operations in March 2006 through NetEase Youdao Information Technology (Beijing), Co., Ltd., or Youdao Information.
2007 In September 2007, Beijing NetEase Youdao Computer System Co., Ltd., or Youdao Computer, was incorporated in the PRC. The Company conducted its business through both Youdao Information and Youdao Computer and they were then controlled by NetEase.
2014
In 2014, the Company strategically shifted its focus to the intelligent learning industry. Since then, the Company has successfully developed a variety of technology-driven learning products and services, including Youdao Premium Courses.
In November 27, 2014, the Company, its current ultimate holding company, was incorporated under the laws of the Cayman Islands. The Company, its subsidiaries and consolidated variable interest entity (“VIE”), together are referred to as “the Group” or “Youdao Group”.
2019
In May 2019, the Company acquired certain online learning businesses, including NetEase Cloud Classroom, China University MOOC and NetEase Kada, from the NetEase Group, as the Company believe these offerings generally appeal to different target audiences from, and as a result complement, Youdao Premium Courses, its existing online course brand and enable us to reach a broader student base.
The Company s common stock is listed on the New York Stock Exchange under the symbol “DAO.” on October 25, 2019.