Youdao, Inc. announces an Equity Buyback for $40 million worth of its shares.
November 17, 2022
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Youdao, Inc. (NYSE:DAO) announces a share repurchase program. Under the program, the company will repurchase up to $20 million worth of its A shares (including in the form of ADSs). The program will be valid for a period of 36 months.
Youdao, Inc. is an intelligent learning company that develops and uses technologies to provide learning content, applications and solutions for users of all ages. The Company operates two business segments. The Learning Services and Products segment offers online courses, including the Youdao Premium Courses, NetEase Cloud Classroom and China University MOOC, as well as learning products such as the Youdao Dictionary and Youdao Cloudnote, sales Youdao Dictionary Pen and Youdao Pocket Translator, and provides learning services to customers. The Online Marketing Services segment is engaged in providing different forms of advertising for marketing.
YOUDAO, INC. 
