7Baggers

Youdao, Inc
(NYSE:DAO) 

DAO stock logo

Youdao, Inc., an internet technology company, provides online services in content, community, communication, and commerce in China. The company provides various learning content, applications, and solutions, which covers topics and targets people from various age groups for their learning needs thro...

Founded: 2007
IPO Price: $17 (Oct 29, 2019)
Full Time Employees: 1,699
CEO: Feng Zhou  
Sector: Communication Services
Industry: Internet Content & Information
TechnologyEducationChinese
Share this website to your friends
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2025-11-20 2025-08-14 2025-05-15 2025-02-20 2024-12-31 2024-11-14 2024-08-21 2024-05-23 2024-02-29 2023-12-31 2023-11-16 2023-08-24 2023-05-25 2023-02-23 2022-12-31 2022-11-16 2022-08-18 2022-05-24 2022-02-24 2021-12-31 2021-11-16 2021-08-31 2021-05-18 2021-02-25 2020-12-31 2020-11-19 2020-09-30 2020-08-13 2020-05-19 2020-02-26 2019-12-31 2019-11-20 
                                    
      net revenues:
    		                                
      learning services
    		657,838,000 602,414,000 602,414,000 767,859,000 617,673,000 643,762,000 717,996,000 717,996,000 950,761,000 784,012,000 680,920,000 732,421,000 732,421,000 888,493,000 806,270,000 563,601,000 826,011,000 826,011,000 647,522,000 -474,310,000 921,138,000 998,854,000 998,854,000 600,350,000 731,644,000 433,697,000 1,423,025,000 388,978,000 388,978,000 183,256,000   
      smart devices
    		126,821,000 190,498,000 190,498,000 315,305,000 240,444,000 166,722,000 181,198,000 181,198,000 251,879,000 222,407,000 222,157,000 212,749,000 212,749,000 356,480,000 406,956,000 239,850,000 253,160,000 253,160,000 254,513,000              
      online marketing services
    		632,882,000 505,350,000 505,350,000 489,377,000 481,681,000 511,237,000 492,665,000 492,665,000 336,143,000 474,102,000 303,557,000 218,100,000 218,100,000 157,461,000 240,756,000 152,774,000 121,370,000 121,370,000 137,040,000 151,836,000 165,979,000 139,094,000 139,094,000 132,585,000 137,837,000 103,212,000 335,047,000 99,250,000 99,250,000 120,753,000 98,519,000 143,465,000 
      total net revenues
    		1,417,541,000 1,298,262,000 1,298,262,000 1,572,541,000 1,339,798,000 1,321,721,000 1,391,859,000 1,391,859,000 1,538,783,000 1,480,521,000 1,206,634,000 1,163,270,000 1,163,270,000 1,402,434,000 1,453,982,000 956,225,000 1,200,541,000 1,200,541,000 1,039,075,000 -4,772,000 1,293,407,000 1,339,867,000 1,339,867,000 896,041,000 1,106,796,000 623,290,000 2,060,719,000 541,388,000 541,388,000 345,908,000   
      cost of revenues
    		-808,181,000 -684,035,000 -684,035,000 -783,085,000 -544,595,750 -684,942,000 -710,356,000 -710,356,000 -679,147,000 -470,006,500 -639,459,000 -561,420,000 -561,420,000 -642,254,000 -436,867,750 -546,498,000 -558,719,000 -558,719,000 -492,176,000 -447,704,250 -616,661,000 -572,415,000 -572,415,000        361,750 758,000 
      gross profit
    		609,360,000 614,227,000 614,227,000 789,456,000 640,753,000 636,779,000 681,503,000 681,503,000 859,636,000 738,801,000 567,175,000 601,850,000 601,850,000 760,180,000 774,687,000 409,727,000 641,822,000 641,822,000 546,899,000 -240,911,000 676,746,000 767,452,000 767,452,000 411,553,000 525,469,000 281,539,000 928,817,000 235,725,000 235,725,000 89,234,000 122,430,000 106,063,000 
      yoy
    		-4.90% -3.54% -9.87% 15.84% -25.46% -13.81% 20.16% 13.23% 42.83% -2.81% -26.79% 46.89% -6.23% 18.44% 41.65% -270.07% -5.16% -16.37% -28.74% -158.54% 28.79% 172.59% -17.37% 74.59% 122.92% 215.51% 658.65% 122.25%     
      qoq
    		-0.79% 0.00% -22.20% 23.21% 0.62% -6.56% 0.00% -20.72% 16.36% 30.26% -5.76% 0.00% -20.83% -1.87% 89.07% -36.16% 0.00% 17.36% -327.01% -135.60% -11.82% 0.00% 86.48% -21.68% 86.64% -69.69% 294.03% 0.00% 164.17% -27.11% 15.43%  
      operating expenses:
    		                                
      sales and marketing expenses
    		-401,826,000 -357,641,000 -357,641,000 -519,620,000 -381,815,000 -515,711,000 -455,440,000 -455,440,000 -674,173,000 -441,399,000 -587,651,000 -565,205,000 -565,205,000 -709,769,000 -515,944,000 -595,997,000 -506,385,000 -506,385,000 -553,407,000 429,678,000 -973,239,000 -883,872,000 -883,872,000 -1,147,927,000 -804,781,000 -445,151,000 -1,892,237,000 -299,159,000 -299,159,000 -230,975,000 -205,773,000 -122,174,000 
      research and development expenses
    		-128,321,000 -115,474,000 -115,474,000 -119,594,000 -120,694,000 -152,987,000 -146,723,000 -146,723,000 -187,328,000 -168,130,000 -205,076,000 -182,830,000 -182,830,000 -212,926,000 -179,474,000 -208,411,000 -202,980,000 -202,980,000 -163,627,000 -78,986,000 -180,029,000 -155,080,000 -155,080,000 -120,991,000 -128,080,000 -91,423,000 -296,513,000 -84,099,000 -84,099,000 -74,929,000 -89,254,000 -56,318,000 
      general and administrative expenses
    		-50,414,000 -37,071,000 -37,071,000 -42,968,000 -54,068,000 -40,634,000 -49,416,000 -49,416,000 -55,822,000 -52,989,000 -63,579,000 -49,606,000 -49,606,000 -56,520,000 -54,597,000 -60,532,000 -57,561,000 -57,561,000 -55,612,000 -1,725,000 -67,850,000 -49,354,000 -49,354,000 -36,639,000 -45,379,000 -27,978,000 -93,080,000 -28,463,000 -28,463,000 -18,072,000 -31,433,000 -10,667,000 
      total operating expenses
    		-580,561,000 -510,186,000 -510,186,000 -682,182,000 -556,577,000 -709,332,000 -651,579,000 -651,579,000 -917,323,000 -662,518,000 -856,306,000 -797,641,000 -797,641,000 -979,215,000 -750,015,000 -864,940,000 -766,926,000 -766,926,000 -772,646,000 292,189,000 -1,221,118,000 -1,088,306,000 -1,088,306,000 -1,305,557,000 -978,240,000 -564,552,000 -2,281,830,000 -411,721,000 -411,721,000 -323,976,000 -326,460,000 -189,159,000 
      income from operations
    		28,799,000  104,041,000       76,283,000 -289,131,000 -195,791,000   24,672,000 -455,213,000 -125,104,000 -125,104,000 -225,747,000 51,278,000 -544,372,000 -320,854,000 -320,854,000 -894,004,000 -452,771,000 -283,013,000 -1,353,013,000 -175,996,000 -175,996,000 -234,742,000 -204,030,000 -83,096,000 
      yoy
    		          -1271.90% -56.99%   -110.93% -987.74% -77.02% -61.01% -29.64% -105.74% 20.23% 13.37% -76.29% 407.97% 157.26% 20.56% 563.14% 111.80%     
      qoq
    		         -126.38% 47.67%    -105.42% 263.87% 0.00% -44.58% -540.24% -109.42% 69.66% 0.00% -64.11% 97.45% 59.98% -79.08% 668.77% 0.00% -25.03% 15.05% 145.54%  
      interest income
    		628,000 517,000 517,000 1,057,000 970,000 917,000 975,000 975,000 2,167,000 1,733,000 2,154,000 2,294,000 2,294,000 4,033,000 3,072,000 3,769,000 2,034,000 2,034,000 5,959,000 3,012,000 6,735,000 3,074,000 3,074,000    -1,518,000      
      interest expense
    		-16,566,000 -16,104,000 -16,104,000 -15,112,000 -16,828,000 -20,816,000 -20,334,000 -20,334,000 -17,753,000 -18,869,000 -17,087,000 -15,763,000 -15,763,000 -12,277,000 -14,643,000 -10,102,000 -8,585,000 -8,585,000 -7,835,000 -8,428,000 -7,764,000 -7,617,000 -7,617,000          
      others
    		-29,118,000 -960,000 -960,000 -1,992,000 1,594,000 -909,000 2,892,000 2,892,000 -21,097,000 -2,589,000 5,730,000 6,378,000 6,378,000 40,058,000 3,767,000 1,567,000 36,053,000 36,053,000 614,000 12,339,000 23,366,000 354,000 354,000 17,352,000 9,505,000 25,619,000 51,547,000 8,576,000 8,576,000 8,939,000 2,872,000 14,410,000 
      income/(loss) before tax
    		-16,257,000   91,227,000     -94,370,000                        
      income tax expenses
    		-4,279,000 -9,895,000   2,386,000 -7,053,000   -2,557,000                -495,000  -2,434,000 -2,185,000   9,000 -833,000 
      net income/
    		-20,536,000   88,857,000     -96,927,000                        
      net (income)/loss attributable to noncontrolling interests
    		2,773,000  -856,000  -929,500 939,000                   95,750 21,000  58,000     
      net income/(loss) attributable to ordinary shareholders of the company
    		-17,763,000   86,253,000     -102,905,000                        
      basic net income/(loss) per ads
    		-150   740     -850                        
      diluted net income/(loss) per ads
    		-150   740     -850                        
      shares used in computing basic net income/(loss) per ads
    		117,868,295,000   116,965,181,000     121,275,391,000                        
      shares used in computing diluted net income/(loss) per ads
    		117,868,295,000   117,343,848,000     121,275,391,000                        
      (loss)/income from operations
    		 104,041,000   16,161,250 -72,553,000 29,924,000 29,924,000     -195,791,000 -219,035,000                   
      (loss)/income before tax
    		 87,494,000   2,830,750 -93,361,000 13,457,000 13,457,000     -202,882,000 -187,221,000                   
      net (loss)/income
    		 77,599,000   732,000 -100,414,000 14,485,000 14,485,000     -206,083,000 -186,113,000                   
      net income/(income) attributable to noncontrolling interests
    		 -856,000  -2,604,000   -2,053,000 -2,053,000 -5,978,000 -45,750 4,065,000             304,000         
      net (loss)/income attributable to ordinary shareholders of the company
    		 76,743,000   -197,500 -99,475,000 12,432,000 12,432,000     -204,353,000 -183,919,000                   
      basic net (loss)/income per ads
    		 650   -2.5 -850 110 110     -1,670 -1,490 -1,495 -3,670  -820 -1,050              
      diluted net (loss)/income per ads
    		 640   -2.5 -850 100 100     -1,670 -1,490 -1,495 -3,670  -820 -1,050              
      shares used in computing basic net (loss)/income per ads
    		 117,594,976,000   29,370,835,250 117,173,272,000 118,317,220,000 118,317,220,000     122,268,844,000 123,767,013,000 30,900,509,750 123,703,353,000  123,330,958,000 122,715,264,000              
      shares used in computing diluted net (loss)/income per ads
    		 119,504,097,000   29,370,835,250 117,173,272,000 118,928,848,000 118,928,848,000     122,268,844,000 123,767,013,000 30,900,509,750 123,703,353,000  123,330,958,000 122,715,264,000              
      income before tax
    		  87,494,000       -148,896,500 -298,334,000 -202,882,000   -185,700,500 -459,979,000 -95,602,000 -95,602,000 -227,009,000 -244,410,000 -522,035,000 -325,043,000 -325,043,000 -877,869,000 -325,746,000 -257,818,000  -167,297,000 -167,297,000 -229,874,000 -99,032,250 -75,111,000 
      income tax benefits/
    		  -9,895,000       -2,662,000 -4,890,000                      
      net income
    		  77,599,000       56,117,000 -303,224,000 -206,083,000   3,035,000 -460,532,000 -102,273,000 -102,273,000 -133,152,000 -41,510,000 -525,034,000 -326,658,000 -326,658,000 -878,109,000 -447,934,000 -257,827,000 -1,305,418,000 -169,482,000 -169,482,000 -230,676,000 -202,885,000 -75,944,000 
      yoy
    		          -10090.91% -55.25%   -102.28% 1009.45% -80.52% -68.69% -59.24% -95.27% 17.21% 26.70% -74.98% 418.11% 164.30% 11.77% 543.43% 123.17%     
      qoq
    		         -118.51% 47.14%    -100.66% 350.30% 0.00% -23.19% 220.77% -92.09% 60.73% 0.00% -62.80% 96.04% 73.73% -80.25% 670.24% 0.00% -26.53% 13.70% 167.15%  
      net income attributable to ordinary shareholders of the company
    		  76,743,000       -151,604,250 -299,159,000 -204,353,000   -184,832,500 -453,886,000 -101,525,000 -101,525,000 -128,898,000 -244,760,500 -524,353,000 -325,791,000 -325,791,000 -877,805,000 -326,258,750 -257,806,000  -169,424,000 -169,424,000 -242,183,000 -107,928,500 -87,550,000 
      basic net income per ads
    		  650       -1,242.5 -2,450 -1,670     -820   -2,020 -4,290 -2,750 -2,750 -7,730 -2,900 -2,300  -1,520 -1,520 -2,630 -1,172.5 -950 
      diluted net income per ads
    		  640       -1,242.5 -2,450 -1,670     -820   -2,020 -4,290 -2,750 -2,750 -7,730 -2,900 -2,300  -1,520 -1,520 -2,630 -1,172.5 -950 
      shares used in computing basic net income per ads
    		  117,594,976,000              123,330,958,000   30,282,784,000 122,332,306,000 118,297,304,000 118,297,304,000 113,495,422,000 28,129,324,750 112,277,976,000  111,767,756,000 111,767,756,000 92,000,000,000 23,000,000,000 92,000,000,000 
      shares used in computing diluted net income per ads
    		  119,504,097,000       30,481,692,500 122,247,009,000 122,268,844,000     123,330,958,000   30,282,784,000 122,332,306,000 118,297,304,000 118,297,304,000 113,495,422,000 28,129,324,750 112,277,976,000  111,767,756,000 111,767,756,000 92,000,000,000 23,000,000,000 92,000,000,000 
      note 1: the conversion of renminbi (rmb) into united states dollars (usd) is based on the noon buying rate of usd1.00=rmb7.2567 on the last trading day of march (march 31, 2025) as set forth in the h.10 statistical release of the u.s. federal reserve board.
    		                                
      income/(loss) from operations
    		   107,274,000     -57,687,000                        
      income tax (expenses)/benefits
    		   -2,370,000   1,028,000 1,028,000                         
      note 1: the conversion of renminbi (rmb) into united states dollars (usd) is based on the noon buying rate of usd1.00=rmb7.2993 on the last trading day of december (december 31, 2024) as set forth in the h.10 statistical release of the u.s. federal reserve board.
    		                                
      note 2:
    		                                
      share-based compensation in each category:
    		                                
      net income/(loss) from continuing operations
    		        -96,927,000                        
      net income from discontinued operations
    		                -6,105,000                
      including:
    		                                
      net income/(loss) from continuing operations attributable to ordinary shareholders of the company
    		        -102,905,000                        
      net income from discontinued operations attributable to ordinary shareholders of the company
    		                -6,105,000                
      -continuing operations
    		        -850 440 -2,450 -1,670 -1,670 -1,490 100 -3,670 -770 -770 -1,840              
      -discontinued operations
    		                -50 -50 790              
      net income from continuing operations
    		         56,117,000 -303,224,000 -206,083,000   3,035,000 -460,532,000 -96,168,000 -96,168,000 -229,599,000              
      net income from continuing operations attributable to ordinary shareholders of the company
    		         -151,604,250 -299,159,000 -204,353,000   -183,306,250 -453,886,000 -95,420,000 -95,420,000 -225,345,000              
      shares used in computing basic net los per ads
    		         30,481,692,500 122,247,009,000 122,268,844,000                     
      income tax expense
    		           -3,201,000 -3,201,000    -566,000   -1,801,000 -2,999,000 -1,615,000 -1,615,000          
      net income attributable to noncontrolling interests
    		           1,730,000 1,730,000 2,194,000 2,397,000 6,646,000 748,000 748,000 4,254,000 1,450,500 681,000 867,000 867,000          
      net (loss)/income from continuing operations
    		            -206,083,000 -186,113,000                   
      net (loss)/income from continuing operations attributable to ordinary shareholders of the company
    		            -204,353,000 -183,919,000                   
      impairment of intangible assets from business combination
    		                                
      income tax benefit/
    		             1,108,000          -240,000         
      net income/(loss) from discontinued operations
    		              -1,526,250                  
      net income/(loss) from discontinued operations attributable to ordinary shareholders of the company
    		              -1,526,250                  
      income tax (expense)/benefit
    		              -2,750 -553,000  -566,000 -2,590,000           -802,000   
      net (loss)/income from discontinued operations
    		                 -6,105,000 96,447,000              
      net (loss)/income from discontinued operations attributable to ordinary shareholders of the company
    		                 -6,105,000 96,447,000              
      learning products
    		                   165,680,500 206,290,000 201,919,000 201,919,000 163,106,000 237,315,000 86,381,000 302,647,000 53,160,000 53,160,000 41,899,000   
      cost of revenues :
    		                       -484,488,000 -282,975,500 -341,751,000  -305,663,000 -305,663,000 -256,674,000   
      interest (expense)/income
    		                       -1,217,000 -379,500 -424,000  123,000 123,000    
      net income attributable to the company
    		                       -877,805,000 -326,258,750 -257,806,000  -169,424,000 -169,424,000 -231,130,000 -99,876,250 -76,497,000 
      accretions of convertible redeemable preferred shares to redemption value
    		                             -11,053,000 -3,684,000 -11,053,000 
      cost of revenues:
    		                                
      total cost of revenues
    		                          -1,131,902,000      
      loss before tax
    		                          -1,302,984,000      
      net loss attributable to noncontrolling interests
    		                          383,000      
      net loss attributable to the company
    		                          -1,305,035,000      
      net loss attributable to ordinary shareholders of the company
    		                          -1,305,035,000      
      other comprehensive income:
    		                                
      foreign currency translation adjustment
    		                          -19,466,000      
      total other comprehensive income
    		                          -19,466,000      
      total comprehensive loss
    		                          -1,324,884,000      
      comprehensive loss attributable to noncontrolling interests
    		                          383,000      
      comprehensive loss attributable to the company
    		                          -1,324,501,000      
      comprehensive loss attributable to ordinary shareholders of the company
    		                          -1,324,501,000      
      net loss per ordinary share/ads
    		                                
      basic
    		                          -11,600      
      diluted
    		                          -11,600      
      weighted-average number of ordinary shares/adss
    		                                
      basic
    		    117,426,938,000     121,381,857,000     123,597,604,000     121,650,907,000     112,864,452,000  112,517,299,000    95,445,982,000  
      diluted
    		    118,173,469,000     121,381,857,000     123,597,604,000     121,650,907,000     112,864,452,000  112,517,299,000    95,445,982,000  
      income tax (expenses)/benefit
    		                            -2,185,000    
      net income attributable to non-controlling interests shareholders
    		                            58,000    
      interest income/(expense)
    		                             -4,071,000 -4,108,250 -6,425,000 
      net (income)/ loss attributable to non-controlling interests shareholders
    		                             -454,000 -233,750 -553,000 
      learning services and products
    		                              134,989,250 179,347,000 
      sales and marketing
    		                              172,000 39,000 
      research and development
    		                              265,250 334,000 
      general and administrative
    		                              575,500 218,000 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-11-20 2025-09-30 2025-08-14 2025-06-30 2025-05-15 2025-03-31 2025-02-20 2024-12-31 2024-11-14 2024-09-30 2024-08-21 2024-06-30 2024-05-23 2024-03-31 2024-02-29 2023-12-31 2023-11-16 2023-09-30 2023-08-24 2023-06-30 2023-05-25 2023-03-31 2023-02-23 2022-12-31 2022-11-16 2022-09-30 2022-08-18 2022-06-30 2022-05-24 2022-03-31 2022-02-24 2021-12-31 2021-11-16 2021-09-30 2021-08-31 2021-06-30 2021-05-18 2021-03-31 2021-02-25 2020-12-31 2020-11-19 2020-09-30 2020-08-13 2020-06-30 2020-05-19 2020-03-31 2019-12-31 2019-11-20 2019-09-30 
                                                       
        assets
      		                                                 
        current assets:
      		                                                 
        cash and cash equivalents
      		410,237,000 410,237,000 536,228,000 536,228,000 335,892,000 335,892,000 592,721,000 592,721,000 421,056,000 421,056,000 500,811,000 500,811,000 262,917,000 262,917,000 454,536,000 454,536,000 337,863,000 337,863,000 657,881,000 657,881,000 579,280,000 579,280,000 783,611,000 783,611,000 712,115,000 712,115,000 687,191,000 687,191,000 415,164,000 415,164,000 322,777,000 322,777,000 493,709,000 493,709,000 829,641,000 829,641,000 1,848,765,000 1,848,765,000 609,199,000 609,199,000 77,975,000 77,975,000 125,551,000 125,551,000 128,299,000 128,299,000 173,328,000 54,889,000 54,889,000 
        restricted cash
      		2,339,000 2,339,000 2,924,000 2,924,000 3,027,000 3,027,000 3,567,000 3,567,000 2,076,000 2,076,000 1,719,000 1,719,000 595,000 595,000 395,000 395,000 324,000 324,000 307,000 307,000 5,000 5,000 873,000 873,000 219,456,000 219,456,000 551,472,000 551,472,000 738,234,000 738,234,000 749,770,000 749,770,000 396,042,000 396,042,000 40,662,000 40,662,000              
        short-term investments
      		141,945,000 141,945,000 74,695,000 74,695,000 82,384,000 82,384,000 63,064,000 63,064,000 62,790,000 62,790,000 62,501,000 62,501,000 62,213,000 62,213,000 71,848,000 71,848,000 21,674,000 21,674,000 21,549,000 21,549,000 21,476,000 21,476,000 232,152,000 232,152,000 21,215,000 21,215,000 21,071,000 21,071,000 6,124,000 6,124,000 503,831,000 503,831,000 117,673,000 117,673,000 119,156,000 119,156,000 337,452,000 337,452,000 584,999,000 584,999,000 237,418,000 237,418,000 461,230,000 461,230,000 322,463,000 322,463,000  6,133,000 6,133,000 
        accounts receivable
      		383,594,000 383,594,000 329,523,000 329,523,000 417,315,000 417,315,000 418,644,000 418,644,000 415,391,000 415,391,000 393,111,000 393,111,000 365,281,000 365,281,000 354,006,000 354,006,000 347,707,000 347,707,000 375,682,000 375,682,000 260,049,000 260,049,000 405,139,000 405,139,000 332,331,000 332,331,000 335,911,000 335,911,000 290,426,000 290,426,000 248,339,000 248,339,000 244,844,000 244,844,000 306,144,000 306,144,000 247,929,000 247,929,000 268,830,000 268,830,000 334,329,000 334,329,000 229,342,000 229,342,000 219,798,000 219,798,000 200,675,000 165,473,000 165,473,000 
        inventories
      		146,292,000 146,292,000 166,288,000 166,288,000 155,651,000 155,651,000 174,741,000 174,741,000 178,556,000 178,556,000 195,726,000 195,726,000 189,525,000 189,525,000 217,067,000 217,067,000 177,641,000 177,641,000 182,710,000 182,710,000 219,324,000 219,324,000 232,260,000 232,260,000 170,393,000 170,393,000 212,351,000 212,351,000 213,726,000 213,726,000 255,411,000 255,411,000 267,451,000 267,451,000 271,727,000 271,727,000 268,541,000 268,541,000 148,662,000 148,662,000 91,938,000 91,938,000 92,841,000 92,841,000 65,955,000 65,955,000  52,815,000 52,815,000 
        amounts due from netease group
      		232,886,000 232,886,000 322,428,000 322,428,000 63,490,000 63,490,000 79,700,000 79,700,000 80,784,000 80,784,000 68,104,000 68,104,000 47,365,000 47,365,000 26,117,000 26,117,000 13,042,000 13,042,000 11,000,000 11,000,000 7,630,000 7,630,000 7,888,000 7,888,000 7,388,000 7,388,000 16,609,000 16,609,000 9,997,000 9,997,000 6,192,000 6,192,000 3,792,000 3,792,000 5,244,000 5,244,000 4,009,000 4,009,000 4,081,000 4,081,000 5,728,000 5,728,000 7,311,000 7,311,000 15,485,000 15,485,000  14,961,000 14,961,000 
        prepayment and other current assets
      		167,895,000 167,895,000 141,197,000 141,197,000 170,439,000 170,439,000 154,331,000 154,331,000 163,109,000 163,109,000 176,881,000 176,881,000 195,618,000 195,618,000 175,705,000 175,705,000 232,618,000 232,618,000 193,379,000 193,379,000 176,353,000 176,353,000 207,777,000 207,777,000 212,605,000 212,605,000 198,200,000 198,200,000 196,908,000 196,908,000 182,577,000 182,577,000 204,615,000 204,615,000 192,148,000 192,148,000 198,032,000 198,032,000 235,532,000 235,532,000 200,584,000 200,584,000 119,094,000 119,094,000 118,562,000 118,562,000  105,248,000 105,248,000 
        total current assets
      		1,485,188,000 1,485,188,000 1,573,283,000 1,573,283,000 1,228,198,000 1,228,198,000 1,486,768,000 1,486,768,000 1,324,044,000 1,324,044,000 1,399,135,000 1,399,135,000 1,123,796,000 1,123,796,000 1,299,951,000 1,299,951,000 1,131,146,000 1,131,146,000 1,442,785,000 1,442,785,000 1,264,394,000 1,264,394,000 1,869,973,000 1,869,973,000 1,675,776,000 1,675,776,000 2,023,078,000 2,023,078,000 1,870,852,000 1,870,852,000 2,269,662,000 2,269,662,000 2,020,237,000 2,020,237,000 2,675,864,000 2,675,864,000 2,904,996,000 2,904,996,000 1,851,566,000 1,851,566,000 1,765,447,000 1,765,447,000 2,239,147,000 2,239,147,000 2,096,548,000 2,096,548,000 2,029,912,000 498,798,000 498,798,000 
        non-current assets:
      		                                                 
        property, equipment and software
      		49,103,000 49,103,000 45,381,000 45,381,000 42,687,000 42,687,000 46,725,000 46,725,000 53,149,000 53,149,000 59,513,000 59,513,000 63,426,000 63,426,000 70,906,000 70,906,000 77,338,000 77,338,000 81,186,000 81,186,000 85,184,000 85,184,000 92,116,000 92,116,000 104,884,000 104,884,000 108,928,000 108,928,000 108,905,000 108,905,000  80,315,000                  
        operating lease right-of-use assets
      		40,579,000 40,579,000 49,596,000 49,596,000 59,042,000 59,042,000 68,494,000 68,494,000 78,869,000 78,869,000 89,252,000 89,252,000 91,871,000 91,871,000 89,022,000 89,022,000 95,771,000 95,771,000 86,291,000 86,291,000 74,242,000 74,242,000 78,405,000 78,405,000 80,822,000 80,822,000 88,453,000 88,453,000 96,294,000 96,294,000 118,104,000 118,104,000 140,968,000 140,968,000 138,900,000 138,900,000 100,932,000 100,932,000 105,865,000 105,865,000 83,463,000 83,463,000 49,991,000 49,991,000 22,596,000 22,596,000    
        long-term investments
      		28,432,000 28,432,000 31,785,000 31,785,000 68,862,000 68,862,000 72,380,000 72,380,000 74,600,000 74,600,000 77,469,000 77,469,000 49,435,000 49,435,000 51,396,000 51,396,000 64,495,000 64,495,000 87,443,000 87,443,000 90,693,000 90,693,000 90,703,000 90,703,000 67,032,000 67,032,000 70,542,000 70,542,000 27,509,000 27,509,000  32,518,000        42,484,000          
        goodwill
      		109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000 109,944,000  109,944,000                  
        other assets
      		22,060,000 22,060,000 31,087,000 31,087,000 30,475,000 30,475,000 30,084,000 30,084,000 43,106,000 43,106,000 46,196,000 46,196,000 55,433,000 55,433,000 44,976,000 44,976,000 46,551,000 46,551,000 38,419,000 38,419,000 33,862,000 33,862,000 35,015,000 35,015,000 38,288,000 38,288,000 37,199,000 37,199,000 35,894,000 35,894,000 164,898,000 22,436,000 210,926,000 210,926,000 103,112,000 103,112,000 78,996,000 78,996,000 67,181,000 24,697,000 26,776,000 26,776,000 22,033,000 22,033,000 13,246,000 13,246,000  5,476,000 5,476,000 
        total non-current assets
      		250,118,000 250,118,000 267,793,000 267,793,000 311,010,000 311,010,000 327,627,000 327,627,000 359,668,000 359,668,000 382,374,000 382,374,000 370,109,000 370,109,000 366,244,000 366,244,000 394,099,000 394,099,000 403,283,000 403,283,000 393,925,000 393,925,000 406,183,000 406,183,000 400,970,000 400,970,000 415,066,000 415,066,000 378,546,000 378,546,000 364,405,000 364,405,000 431,929,000 431,929,000 304,084,000 304,084,000 229,700,000 229,700,000 218,682,000 218,682,000 149,727,000 149,727,000 102,624,000 102,624,000 61,471,000 61,471,000  45,035,000 45,035,000 
        total assets
      		1,735,306,000 1,735,306,000 1,841,076,000 1,841,076,000 1,539,208,000 1,539,208,000 1,814,395,000 1,814,395,000 1,683,712,000 1,683,712,000 1,781,509,000 1,781,509,000 1,493,905,000 1,493,905,000 1,666,195,000 1,666,195,000 1,525,245,000 1,525,245,000 1,846,068,000 1,846,068,000 1,658,319,000 1,658,319,000 2,276,156,000 2,276,156,000 2,076,746,000 2,076,746,000 2,438,144,000 2,438,144,000 2,249,398,000 2,249,398,000 2,634,067,000 2,634,067,000 2,452,166,000 2,452,166,000 2,979,948,000 2,979,948,000 3,134,696,000 3,134,696,000 2,070,248,000 2,070,248,000 1,915,174,000 1,915,174,000 2,341,771,000 2,341,771,000 2,158,019,000 2,158,019,000 2,086,464,000 543,833,000 543,833,000 
        liabilities and shareholders' deficit
      		                                                 
        current liabilities:
      		                                                 
        accounts payables
      		128,704,000 128,704,000 99,659,000 99,659,000 102,122,000 102,122,000 145,148,000 145,148,000 170,770,000 170,770,000 110,644,000 110,644,000 119,706,000 119,706,000 159,005,000 159,005,000 163,073,000 163,073,000 129,499,000 129,499,000 122,622,000 122,622,000 282,354,000 282,354,000 179,756,000 179,756,000 151,812,000 151,812,000 132,984,000 132,984,000 161,006,000 161,006,000 116,931,000 116,931,000 74,421,000 74,421,000 125,360,000 125,360,000 141,304,000 141,304,000 119,175,000 119,175,000 103,002,000 103,002,000 94,987,000 94,987,000  46,853,000 46,853,000 
        payroll payable
      		159,112,000 159,112,000 209,735,000 209,735,000 144,894,000 144,894,000 264,520,000 264,520,000 138,512,000 138,512,000 194,622,000 194,622,000 158,493,000 158,493,000 282,679,000 282,679,000 161,446,000 161,446,000 236,659,000 236,659,000 166,254,000 166,254,000 266,340,000 266,340,000 176,003,000 176,003,000 228,248,000 228,248,000 186,444,000 186,444,000 277,383,000 277,383,000 173,889,000 173,889,000 252,667,000 252,667,000 176,861,000 176,861,000 209,603,000 209,603,000 97,045,000 97,045,000 98,411,000 98,411,000 64,667,000 64,667,000  44,506,000 44,506,000 
        amounts due to netease group
      		29,495,000 29,495,000 46,825,000 46,825,000 34,636,000 34,636,000 21,997,000 21,997,000 61,920,000 61,920,000 74,164,000 74,164,000 73,037,000 73,037,000 82,430,000 82,430,000 70,656,000 70,656,000 63,536,000 63,536,000 88,477,000 88,477,000 68,809,000 68,809,000 74,476,000 74,476,000 67,009,000 67,009,000 98,246,000 98,246,000 83,041,000 83,041,000 106,489,000 106,489,000 103,092,000 103,092,000 95,997,000 95,997,000 67,230,000 67,230,000 38,116,000 38,116,000 63,406,000 63,406,000 67,907,000 67,907,000  40,752,000 40,752,000 
        contract liabilities
      		751,084,000 751,084,000 856,684,000 856,684,000 711,221,000 711,221,000 961,024,000 961,024,000 839,670,000 839,670,000 1,038,676,000 1,038,676,000 769,138,000 769,138,000 1,052,622,000 1,052,622,000 931,610,000 931,610,000 1,212,819,000 1,212,819,000 832,244,000 832,244,000 1,067,285,000 1,067,285,000 996,535,000 996,535,000 1,126,065,000 1,126,065,000 729,468,000 729,468,000 1,065,639,000 1,065,639,000 1,132,744,000 1,132,744,000 1,376,033,000 1,376,033,000 1,221,793,000 1,221,793,000 1,440,489,000 1,440,489,000 1,065,563,000 1,065,563,000 711,522,000 711,522,000 603,016,000 603,016,000 456,805,000 343,616,000 343,616,000 
        taxes payable
      		50,125,000 50,125,000 51,823,000 51,823,000 53,064,000 53,064,000 37,603,000 37,603,000 52,911,000 52,911,000 47,482,000 47,482,000 54,890,000 54,890,000 52,781,000 52,781,000 67,128,000 67,128,000 58,190,000 58,190,000 63,586,000 63,586,000 50,908,000 50,908,000 52,889,000 52,889,000 28,959,000 28,959,000 28,696,000 28,696,000 53,323,000 53,323,000 25,196,000 25,196,000 25,747,000 25,747,000 30,183,000 30,183,000 54,895,000 54,895,000 35,501,000 35,501,000 69,965,000 69,965,000 16,565,000 16,565,000  22,849,000 22,849,000 
        accrued liabilities and other payables
      		759,566,000 759,566,000 738,837,000 738,837,000 651,993,000 651,993,000 638,660,000 638,660,000 759,750,000 759,750,000 743,511,000 743,511,000 641,085,000 641,085,000 591,770,000 591,770,000 732,311,000 732,311,000 666,693,000 666,693,000 597,894,000 597,894,000 564,922,000 564,922,000 626,256,000 626,256,000 697,050,000 697,050,000 598,812,000 598,812,000 515,567,000 515,567,000 627,013,000 627,013,000 885,737,000 885,737,000 720,316,000 720,316,000 602,044,000 602,044,000 583,497,000 583,497,000 445,686,000 445,686,000 250,444,000 250,444,000  157,900,000 157,900,000 
        short-term loan from netease group
      		878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000                                            
        total current liabilities
      		2,756,086,000 2,756,086,000 2,881,563,000 2,881,563,000 2,575,930,000 2,575,930,000 2,946,952,000 2,946,952,000 2,901,533,000 2,901,533,000 3,087,099,000 3,087,099,000 2,694,349,000 2,694,349,000 3,099,287,000 3,099,287,000 3,004,224,000 3,004,224,000 3,823,460,000 3,823,460,000 3,298,813,000 3,298,813,000 3,178,618,000 3,178,618,000 2,983,915,000 2,983,915,000 3,177,143,000 3,177,143,000 2,652,650,000 2,652,650,000 3,033,959,000 3,033,959,000 3,060,262,000 3,060,262,000 3,595,697,000 3,595,697,000 3,248,510,000 3,248,510,000 3,393,565,000 3,393,565,000 2,816,897,000 2,816,897,000 2,369,992,000 2,369,992,000 1,975,586,000 1,975,586,000 1,758,714,000 1,534,476,000 1,534,476,000 
        non-current liabilities:
      		                                                 
        long-term lease liabilities
      		10,118,000 10,118,000 14,685,000 14,685,000 18,828,000 18,828,000 25,566,000  34,425,000 34,425,000 42,265,000 42,265,000 47,689,000 47,689,000 49,337,000  55,687,000 55,687,000 46,258,000 46,258,000 40,440,000 40,440,000 43,635,000  43,476,000 43,476,000 48,536,000 48,536,000 51,578,000 51,578,000 73,070,000 73,070,000 94,565,000 94,565,000 93,538,000 93,538,000 74,470,000 74,470,000 79,748,000 79,748,000 65,279,000 65,279,000 38,410,000 38,410,000 20,025,000 20,025,000  13,552,000 13,552,000 
        long-term loans from netease group
      		932,149,000 932,149,000 935,999,000 935,999,000 926,652,000 926,652,000 913,000,000  900,511,000 900,511,000 905,553,000 905,553,000 881,120,000 881,120,000 630,360,000  603,103,000 603,103,000     522,345,000  496,986,000 496,986,000 469,798,000 469,798,000 349,151,000 349,151,000 255,028,000 255,028,000                  
        other non-current liabilities
      		20,878,000 20,878,000 19,116,000 19,116,000 20,129,000 20,129,000 18,189,000  17,944,000 17,944,000 16,879,000 16,879,000 17,373,000 17,373,000 16,314,000  16,506,000 16,506,000 12,014,000 12,014,000 11,289,000 11,289,000 8,832,000  17,604,000 17,604,000 14,095,000 14,095,000 4,307,000 4,307,000 2,411,000 2,411,000 11,894,000 11,894,000 3,341,000 3,341,000 3,689,000 3,689,000 4,043,000 4,043,000 4,394,000 4,394,000 4,776,000 4,776,000 5,157,000 5,157,000    
        total non-current liabilities
      		963,145,000 963,145,000 969,800,000 969,800,000 965,609,000 965,609,000 956,755,000  952,880,000 952,880,000 964,697,000 964,697,000 946,182,000 946,182,000 696,011,000  675,296,000 675,296,000 58,272,000 58,272,000 51,729,000 51,729,000 574,812,000  558,066,000 558,066,000 532,429,000 532,429,000 405,036,000 405,036,000 330,509,000 330,509,000 106,459,000 106,459,000 96,879,000 96,879,000 78,159,000 78,159,000 83,791,000 83,791,000 69,673,000 69,673,000 43,186,000 43,186,000 25,182,000 25,182,000    
        total liabilities
      		3,719,231,000 3,719,231,000 3,851,363,000 3,851,363,000 3,541,539,000 3,541,539,000 3,903,707,000  3,854,413,000 3,854,413,000 4,051,796,000 4,051,796,000 3,640,531,000 3,640,531,000 3,795,298,000  3,679,520,000 3,679,520,000 3,881,732,000 3,881,732,000 3,350,542,000 3,350,542,000 3,753,430,000  3,541,981,000 3,541,981,000 3,709,572,000 3,709,572,000 3,057,686,000 3,057,686,000 3,364,468,000 3,364,468,000 3,166,721,000 3,166,721,000 3,692,576,000 3,692,576,000 3,326,669,000 3,326,669,000 3,477,356,000 3,477,356,000 2,886,570,000 2,886,570,000 2,413,178,000 2,413,178,000 2,000,768,000 2,000,768,000 1,785,437,000 1,548,028,000 1,548,028,000 
        shareholders' deficit:
      		                                                 
        youdao's shareholders' deficit
      		-2,036,559,000 -2,036,559,000 -2,059,016,000 -2,059,016,000 -2,053,833,000 -2,053,833,000 -2,139,958,000  -2,232,052,000 -2,232,052,000 -2,329,034,000 -2,329,034,000 -2,206,312,000 -2,206,312,000 -2,186,736,000  -2,212,273,000 -2,212,273,000 -2,087,684,000 -2,087,684,000 -1,748,308,000 -1,748,308,000 -1,535,089,000  -1,532,313,000 -1,532,313,000 -1,340,700,000 -1,340,700,000 -884,206,000 -884,206,000 -807,067,000  -816,118,000 -816,118,000 -712,077,000 -712,077,000 -192,103,000 -192,103,000          -1,498,879,000 -1,498,879,000 
        noncontrolling interests
      		52,634,000 52,634,000 48,729,000 48,729,000 51,502,000 51,502,000 50,646,000  21,412,000 21,412,000 20,215,000 20,215,000 20,607,000 20,607,000 19,672,000  -10,182,000 -10,182,000 -8,672,000 -8,672,000 -7,486,000 -7,486,000 -6,756,000  -5,881,000 -5,881,000 -4,203,000 -4,203,000 -2,977,000 -2,977,000 -1,926,000  -1,323,000 -1,323,000 -551,000 -551,000 130,000 130,000 997,000  1,177,000  1,481,000 1,481,000      
        total shareholders' deficit
      		-1,983,925,000 -1,983,925,000 -2,010,287,000 -2,010,287,000 -2,002,331,000 -2,002,331,000 -2,089,312,000  -2,210,640,000 -2,210,640,000 -2,308,819,000 -2,308,819,000 -2,185,705,000 -2,185,705,000 -2,167,064,000  -2,222,455,000 -2,222,455,000 -2,096,356,000 -2,096,356,000 -1,755,794,000 -1,755,794,000 -1,541,845,000  -1,538,194,000 -1,538,194,000 -1,344,903,000 -1,344,903,000 -887,183,000 -887,183,000 -808,993,000  -817,441,000 -817,441,000 -712,628,000 -712,628,000 -191,973,000 -191,973,000          -1,497,056,000 -1,497,056,000 
        total liabilities and shareholders’ deficit
      		1,735,306,000 1,735,306,000 1,841,076,000 1,841,076,000 1,539,208,000 1,539,208,000                                            
        time deposits
      		        282,000 282,000 282,000 282,000 282,000 282,000 277,000 277,000 277,000 277,000 277,000 277,000 277,000 277,000 273,000 273,000 273,000 273,000 273,000 273,000 273,000 273,000 268,000 268,000 292,111,000 292,111,000 911,142,000 911,142,000 268,000 268,000 263,000 263,000 817,475,000 817,475,000 1,203,778,000 1,203,778,000 1,225,986,000 1,225,986,000  99,279,000 99,279,000 
        liabilities, mezzanine equity and shareholders' deficit
      		                                                 
        short-term loans from netease group
      		      878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 878,000,000 
        mezzanine equity
      		        39,939,000 39,939,000 38,532,000 38,532,000 39,079,000 39,079,000 37,961,000  68,180,000 68,180,000 60,692,000 60,692,000 63,571,000 63,571,000 64,571,000  72,959,000 72,959,000 73,475,000 73,475,000 78,895,000 78,895,000 78,592,000  102,886,000 102,886,000              492,861,000 492,861,000 
        total liabilities, mezzanine equity and shareholders’ deficit
      		      1,814,395,000  1,683,712,000 1,683,712,000 1,781,509,000 1,781,509,000 1,493,905,000 1,493,905,000 1,666,195,000  1,525,245,000 1,525,245,000 1,846,068,000 1,846,068,000 1,658,319,000 1,658,319,000 2,276,156,000  2,076,746,000 2,076,746,000 2,438,144,000 2,438,144,000 2,249,398,000 2,249,398,000 2,634,067,000  2,452,166,000 2,452,166,000                
        liabilities, mezzanine equity and shareholders’ deficit
      		                                                 
        long-term loans from netease group - current
      		                  578,064,000 578,064,000 549,736,000 549,736,000                            
        assets held for sale
      		                              497,000 497,000                  
        liabilities, mezzanine equity and shareholders' deficits
      		                                                 
        property and equipment
      		                              80,315,000  80,035,000 80,035,000 62,072,000 62,072,000 49,772,000 49,772,000 45,636,000 45,636,000 39,488,000 39,488,000 30,600,000 30,600,000 25,629,000 25,629,000  23,670,000 23,670,000 
        liabilities held for sale
      		                                                 
        total liabilities and shareholders' deficit
      		                                  2,979,948,000 2,979,948,000 3,134,696,000 3,134,696,000            
        liabilities and shareholders' equity/
      		                                                 
        shareholders' equity/
      		                                                 
        youdao's shareholders' equity/
      		                                      -1,408,105,000  -972,573,000  -72,888,000 -72,888,000      
        total shareholders' equity/
      		                                      -1,407,108,000  -971,396,000  -71,407,000 -71,407,000      
        total liabilities and shareholders' equity/
      		                                      2,070,248,000  1,915,174,000  2,341,771,000 2,341,771,000      
        liabilities and shareholders’ equity/
      		                                                 
        liabilities and shareholders' equity
      		                                                 
        shareholders' equity:
      		                                                 
        youdao's shareholders' equity
      		                                            156,373,000 156,373,000    
        non-controlling interests
      		                                            878,000 878,000  1,823,000 1,823,000 
        total shareholders' equity
      		                                            157,251,000 157,251,000    
        total liabilities and shareholders' equity
      		                                            2,158,019,000 2,158,019,000    
        selected consolidated balance sheet data:
      		                                                 
        total mezzanine equity
      		                                                 
        total shareholders’ (deficit)/equity
      		                                              301,027,000   
        total liabilities, mezzanine equity and shareholders’ (deficit)/equity
      		                                              2,086,464,000   
        selected consolidated cash flow data:
      		                                                 
        net cash from operating activities
      		                                              -100,330,000   
        net cash from investing activities
      		                                              -374,000,000   
        net cash from financing activities
      		                                              475,117,000   
        effect of exchange rate changes on cash and cash equivalents
      		                                              1,120,000   
        net increase in cash and cash equivalents
      		                                              1,907,000   
        cash and cash equivalents at beginning of the year
      		                                              39,831,000   
        cash and cash equivalents at end of the year
      		                                              41,738,000   
        operating lease right -of-use assets,net
      		                                               15,889,000 15,889,000 
        total liabilities, mezzanine equity and shareholders' deficit
      		                                               543,833,000 543,833,000 
                                                       
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2020-12-31 
         
          cash flows from operating activities:
        		 
          net income
        		 
          net loss from discontinued operations
        		 
          depreciation and amortization
        		4,785,000 
          share-based compensation
        		14,677,000 
          provision of allowance for inventories
        		 
          loss from equity method investments
        		 
          allowance for expected credit losses
        		 
          impairment of long-term investments
        		 
          unrealized exchange losses
        		 
          fair value changes of short-term investments
        		2,419,000 
          others
        		 
          changes in operating assets and liabilities:
        		 
          accounts receivable
        		63,167,000 
          inventories
        		-56,724,000 
          prepayment and other current assets
        		-31,809,000 
          amounts due from netease group
        		1,647,000 
          operating lease right-of-use assets
        		3,159,000 
          other assets
        		-4,520,000 
          contract liabilities
        		374,926,000 
          accounts payables
        		22,129,000 
          payroll payable
        		112,558,000 
          taxes payable
        		19,325,000 
          accrued liabilities and other payables
        		18,138,000 
          amounts due to netease group
        		29,114,000 
          long-term lease liabilities
        		-11,092,000 
          other non-current liabilities
        		-351,000 
          net cash from continuing operating activities
        		 
          net cash from discontinued operating activities
        		 
          net cash from operating activities
        		129,225,000 
          capital expenditures
        		-15,907,000 
          free cash flows
        		113,318,000 
          cash flows from investing activities:
        		 
          purchases of short-term investments
        		-1,105,000,000 
          proceeds of maturities of short-term investments
        		755,000,000 
          placements of time deposits
        		0 
          proceeds from maturities of time deposits
        		817,212,000 
          cash paid for business combinations, net of cash acquired
        		 
          loans to third parties and other related parties
        		 
          repayment of loans from third parties
        		 
          purchase of intangible assets
        		 
          purchases of property, equipment and software
        		 
          proceeds from disposal of property, equipment and software
        		 
          payment for long-term investments
        		 
          net cash from investing activities*
        		 
          cash flows from financing activities:
        		 
          proceeds from long-term loans from netease group
        		 
          repayment of long-term loans from netease group
        		 
          repurchase of adss
        		 
          proceeds from issuance of ordinary shares pursuant to incentive plan
        		 
          net cash from financing activities*
        		 
          effect of exchange rate changes on cash, cash equivalents and restricted cash
        		 
          net increase in cash, cash equivalents and restricted cash
        		 
          cash, cash equivalents and restricted cash at the beginning of the year
        		 
          cash, cash equivalents and restricted cash at the end of the year
        		 
          net loss
        		-447,934,000 
          (reversal)/allowance for expected credit losses
        		 
          impairment of intangible assets from business combination
        		 
          remeasured loss from previously held interest
        		 
          deferred income taxes
        		 
          changes in operating assets and liabilities, net of acquisitions:
        		 
          impact on cash and cash equivalents from an entity disposed
        		 
          net cash from continuing investing activities
        		 
          net cash from discontinued investing activities
        		 
          net cash from investing activities
        		420,048,000 
          proceeds from the issuance of follow-on offering shares, net of issuance cost
        		 
          allowance/(reversal) for expected credit losses
        		 
          (reversal)/provision of allowance for inventory
        		 
          loans to third parties
        		 
          payment of offering expenses
        		0 
          cash paid for repurchase of youdao’s adss
        		 
          allowance/(reversal) for doubtful accounts/expected credit losses
        		 
          provision/(reversal) of allowance for inventory
        		 
          unrealized exchange (gains)/loss
        		 
          proceeds from the issuance of ipo shares, net of issuance cost
        		 
          proceeds from concurrent private placement
        		 
          funding from netease group
        		 
          financing expense
        		 
          allowance for doubtful accounts/expected credit losses
        		 
          changes in operating assets and liabilities, net of acquisition:
        		 
          cash paid for business combination, net of cash acquired
        		0 
          purchases of property and equipment
        		-15,907,000 
          proceeds from disposal of property and equipment
        		733,000 
          payment for equity investments
        		 
          proceeds received from pre-ipo ordinary shareholders
        		 
          proceeds received from preferred shareholders, net of issuance cost
        		 
          proceeds from noncontrolling interests and other shareholders
        		 
          net cash from financing activities
        		7,425,000 
          effect of exchange rate changes on cash and cash equivalents
        		-25,474,000 
          net increase in cash and cash equivalents
        		531,224,000 
          cash and cash equivalents at the beginning of the year
        		 
          cash and cash equivalents at the end of the year
        		 
          supplemental disclosures of cash flow information:
        		 
          cash paid for income tax expenses
        		2,822,000 
          cash paid for interest expense
        		 
          non-cash investing and financing activities:
        		 
          accretions of convertible redeemable preferred shares to redemption value
        		 
          deemed contribution from netease group related to issuance of preferred shares
        		 
          payables for offering expenses
        		 
          changes in accrued liabilities and other payables related to property and equipment addition
        		454,000 
          receivable from agent for issuance of ordinary shares pursuant to incentive plan
        		 
          provision for allowance for doubtful accounts
        		 
          reversal of inventory allowance
        		 
          loss on disposal of property and equipment
        		 
          unrealized exchange loss
        		 
          payment for equity investment
        		 
          proceeds from issuance of ordinary shares pursuant to incentive plans
        		 
          cash and cash equivalents at beginning of the period
        		 
          cash and cash equivalents at end of the period
        		 
          cash paid for interest expenses
        		 
          allowance for inventory
        		 
          unrealized exchange gains
        		 
          proceeds from non-controlling interests and other shareholders
        		 
          proceeds from short-term loans from netease group
        		 
          cash and cash equivalents at beginning of year
        		 
          cash and cash equivalents at end of year