Gao Tu's subsidiary "Gao Tu Jia Pin" announced the suspension of broadcasting: How far can the education company's live-streaming sales go?
Although the relationship between education companies and live streaming sales began by chance, it must be admitted that today, live streaming sales has become a shortcut for various companies to seek growth, and education companies are no exception.
The "AI+education" business has not yet been implemented, what is Gotu.US doing to support Wall Street's confidence?
Pre-market trading on August 27, Gaotu released its second quarter fiscal year 2024 performance. The financial report shows that Gaotu's Q2 revenue was 1.01 billion yuan (RMB, same unit), an increase of 43.6% year-on-year. However, Gaotu's current increase in revenue does not increase its net income, and its current net loss reaches 0.43 billion yuan, compared to a net income of 56.16 million yuan in the same period last year, resulting in a loss after turning a profit.
US stocks abnormal | Kangnaide Biology rose 28.77%, the largest increase in Chinese concept stocks.
On August 30, the top five stocks with the highest growth in Chinese concept stocks were: Kangnai De Biological rose 28.77%, Gaotu rose 17.78%, Huibao Holdings rose 17.23%, Jiliang Group rose 14.77%, and Noah Holdings rose 14.73%.
U.S. stocks closed | The three major indexes showed mixed gains and losses, with the Dow hitting a new high again during the day! Nvidia's performance after the market fell more than 6%.
Dell's stock rose more than 8% after hours, Chinese concept stocks rebounded more than 2%, Li Auto Inc. surged more than 10%, pdd holdings rose nearly 5%.
US stock market close | The three major indexes all fell, with the Nasdaq falling more than 1%; Chinese concept stocks declined, with li auto inc falling more than 16% and pdd holdings falling more than 7%.
Warren Buffett's Berkshire Hathaway first reached a market cap of 1 trillion dollars, while Super Micro Computer fell by 19%, and Salesforce surged over 4% after the financial report.
US stocks are volatile. Bimi International Medical fell by 85%, making it the largest decline among Chinese concept stocks.
On August 28, the top five stocks with the largest decline in Chinese concept stocks were: Bimi International Medical, down 85%; Jiuzi New Energy, down 28.51%; Gaotu, down 18.87%; Youjia Insurance, down 14.47%; Zhenkunhang, down 12.68%.