Recent events
Recent events tied to this brand in public sources.
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2021
跟谁学 announced its group name change to 高途
跟谁学 announced that its group name would change to 高途. Its adult education business was also renamed 高途学院, while its K12 business retained the 高途课堂 name.
2020
跟谁学 announces K12 business integration under Gaotu Classroom
跟谁学 announced a strategic upgrade under which its brand’s K12 online courses and services would be consolidated under the 高途课堂 brand. It also said 高途课堂 would be upgraded and the two brands’ teaching and education-research resources integrated.
2020
SEC requests data from GSX following short-seller reports
After a series of short-seller reports, the SEC's Division of Enforcement asked GSX to assist by providing certain financial and operational data dating from January 1, 2017. The inquiry was ongoing, with no final outcome reported.
2020
SEC inquiry into GSX Techedu financial and operational data
GSX Techedu disclosed that the U.S. Securities and Exchange Commission's Division of Enforcement had asked the company to assist by providing certain financial and operational data dating from January 1, 2017. The company said it was cooperating and could not predict the inquiry's timing or outcome.
2020
GSX releases first-quarter 2020 results
GSX released unaudited first-quarter 2020 results reporting revenue of RMB 1.2976 billion, up 382.0% year over year, and net profit of RMB 148 million, up 336.6%.
2020
Citron alleges fabricated GSX users and undisclosed related parties
Citron's second short-selling report alleged that 40% of GSX's 2019 registered users were fake and that undisclosed related parties were used to fabricate the company's financial position and facilitate order inflation. GSX called the report's accusations untrue and reserved the right to sue parties providing false evidence.
2020
VIPKID sues Genshuixue over alleged trade secret infringement
VIPKID sued Genshuixue, alleging that Genshuixue and a former VIPKID employee jointly infringed VIPKID’s trade secrets. VIPKID sought an end to the alleged infringement and RMB 3 million in compensation and expenses.
2020
Gushengtang responds to short-selling allegations
Gushengtang founder Chen Xiangdong responded to renewed media coverage of a short-seller report alleging that the company exaggerated financial data and engaged in order fabrication. He said integrity had been a core company value since its founding.
2020
Genshuixue releases 2019 audited financial results
Online education company Genshuixue released its audited 2019 financial report before the market opened on April 3, reporting revenue of RMB 2.1149 billion and non-GAAP net profit of RMB 286.9 million.
2020
Kuaishou launches a free learning section
Kuaishou launched a “Study Without Stopping Classes” section in its app with more than 40 education companies, offering free educational content for students affected by delayed school openings.
2020
Genshuixue listed among China’s top 20 new-economy companies for net talent inflow
Genshuixue was listed among the top 20 Chinese new-economy companies for net talent inflow in 2020.
2019
GSX Techedu announces third-quarter 2019 financial results
GSX Techedu announced unaudited financial results for the third quarter ended September 30, 2019, reporting net revenues of RMB557.0 million and net income of RMB1.9 million.