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What's going on with Netease Youdao's IPO in the United States? What did Netease Youdao say in respo

What's going on with Netease Youdao's IPO in the United States? What did Netease Youdao say in response to the rumor of listing in the United States? On May 27, according to relevant media reports, Netease Youdao has launched an IPO in the United States and is currently negotiating with two securities companies. In April last year, Youdao announced the completion of its first strategic financing, led by Muhua investment and participated by Junlian capital, with a post investment valuation of US $1.12 billion.

Regarding the listing, Netease Youdao told AI financial news agency that according to Netease's policy, we are not required to comment. A Netease insider told AI financial news agency that Youdao "has been hovering on the edge of listing."

Previously, at the beginning of this year, Ding Lei, CEO of Netease, publicly put forward 'games, e-commerce, education and music' as Netease's four major strategies. For the first time, education was included in the group level strategy.

On March 19 this year, at Netease Youdao's media communication conference, Netease Youdao CEO Zhou Feng said that the products' Netease cloud classroom ',' card building programming 'and' University of China MOOC 'originally belonging to Hangzhou Education Division were juxtaposed in the category of learning apps with' Youdao Dictionary 'and' Youdao translator 'belonging to Netease Youdao. After the merger of the two businesses, Netease Youdao will be responsible for the education business, focusing on K12 training.

Zhou Feng said that online education in 2019 is the key development direction of Netease Youdao, and Youdao has become the core of Netease education business.

In the Q1 financial report of 2019, Ding Lei said that Netease attaches great importance to online games, e-commerce, advertising, online education, music and other fields, and enables it to focus on the fields with the most potential to achieve sustainable growth.

In the subsequent earnings call, Ding Lei once again said that Netease will increase investment in online education.