BEIJING, July 23, 2021 /PRNewswire/ -- Gaotu Techedu Inc.
("Gaotu" or the "Company") (NYSE: GOTU), a leading online
large-class after-school tutoring service provider in China, today noted that certain English and
Chinese language media outlets reported that the PRC regulators are
considering a new set of regulations concerning after-school
tutoring service related to school subjects taught in China's compulsory education system. The
regulations have not been published, and the Company has not
received official notification of the regulations. It is the
Company's policy not to comment on market speculations.
About Gaotu Techedu Inc.
Gaotu is a technology-driven education company and online
large-class after-school tutoring service provider in China. The Company offers foreign language,
professional and admission courses, and also offers K-12 courses
covering all primary and secondary grades through the brand Gaotu
K12. Gaotu adopts an online live large-class format to deliver its
courses, which the Company believes is the most effective and
scalable model to disseminate scarce high-quality teaching
resources to aspiring students in China. Big data analytics permeates each
aspect of the Company's business and facilitates the application of
the latest technology to improve teaching delivery, student
learning experience, and operational efficiency.
For further information, please contact:
Gaotu Techedu Inc.
Ms. Sandy Qin, CFA, CMA
Ms. Vivian Wang
Phone: +852 2232 3978
Ms. Linda Bergkamp
SOURCE Gaotu Techedu Inc.