7Baggers

Gaotu Techedu Inc
(NYSE:GOTU) 

GOTU stock logo

GSX is a technology-driven education company and leading online K-12 large-class after-school tutoring service provider in China. GSX offers K-12 courses covering all primary and secondary grades through the brand Gaotuketang as well as foreign language, professional and interest courses through the...

Founded: 2014
CEO: Xiangdong Chen  
Sector: Educational Services
Industry: Elementary and Secondary Schools
ChineseEducation
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• Employees:
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-08-30 2023-05-30 2023-02-28 2022-12-31 2022-11-22 2022-09-08 2022-06-06 2022-03-08 2022-02-23 2021-12-31 2021-09-23 2021-05-26 2021-03-08 2020-12-31 2020-11-23 2020-09-02 2020-05-07 2020-02-19 2019-12-31 2019-11-07 2019-08-23 
                                  
      rmb
    		                              
      net revenues
    		1,579,026,000 1,389,388,000 1,493,043,000 1,388,621,000 1,208,253,000 1,009,797,000 946,885,000 761,014,000 789,413,000 703,094,000 707,292,000 629,631,000 629,631,000 606,169,000 537,799,000 724,615,000          1,297,580,000 935,027,000 935,027,000 556,994,000 353,679,000 
      cost of revenues
    		-535,528,000 -472,840,000 -452,461,000 -440,279,000 -429,791,000 -313,433,000 -271,414,000 -227,719,000 -218,126,000 -184,380,000 -159,982,000 -159,302,000 -159,302,000 -168,799,000 -160,004,000 -212,945,000 -386,652,000 -502,274,000  -724,278,000 -571,502,000 -616,363,000 -616,363,000 -502,274,000 -360,661,000 -283,250,000 -195,987,000 -195,987,000 -156,691,000 -101,189,000 
      gross profit
    		1,043,498,000 916,548,000 1,040,582,000 948,342,000 778,462,000 696,364,000 675,471,000 533,295,000 571,287,000 518,714,000 547,310,000 470,329,000 470,329,000 437,370,000 377,795,000 511,670,000 887,615,000 1,463,535,000  1,507,976,000 1,368,841,000 1,594,678,000 1,594,678,000 1,463,535,000 1,289,653,000 1,014,330,000 739,040,000 739,040,000 400,303,000 252,490,000 
      yoy
    		34.05% 31.62% 54.05% 77.83% 36.26% 34.25% 23.42% 13.39% 21.47% 18.60% 44.87% -8.08% -47.01% -70.12%  -66.07% -35.16% -8.22%  3.04% 6.14% 57.21% 115.78% 98.03% 222.17% 301.73%     
      qoq
    		13.85% -11.92% 9.73% 21.82% 11.79% 3.09% 26.66% -6.65% 10.14% -5.22% 16.37% 0.00% 7.54% 15.77% -26.16% -42.35% -39.35%   10.16% -14.16% 0.00% 8.96% 13.48% 27.14% 37.25% 0.00% 84.62% 58.54%  
      operating expenses:
    		                              
      selling expenses
    		-873,399,000 -820,946,000 -709,421,000 -736,189,000 -885,769,000 -835,397,000 -506,381,000 -465,686,000 -434,428,000 -324,065,000 -277,021,000 -289,812,000 -289,812,000 -336,799,000 -268,975,000 -284,174,000 -373,035,000 -2,055,820,000  -1,641,083,000 -2,288,710,000 -1,798,357,000 -1,798,357,000 -2,055,820,000 -1,204,803,000 -757,234,000 -441,987,000 -441,987,000 -330,352,000 -169,048,000 
      research and development expenses
    		-162,912,000 -148,195,000 -150,455,000 -145,050,000 -189,305,000 -162,101,000 -151,607,000 -136,046,000 -130,618,000 -98,402,000 -96,977,000 -111,401,000 -111,401,000 -106,537,000 -103,872,000 -123,307,000 -124,977,000 -220,436,000  -426,502,000 -365,110,000 -274,726,000 -274,726,000 -220,436,000 -139,878,000 -99,410,000 -83,499,000 -83,499,000 -57,128,000 -41,128,000 
      general and administrative expenses
    		-185,212,000 -189,272,000 -145,933,000 -216,377,000 -193,495,000 -163,616,000 -95,185,000 -119,478,000 -105,782,000 -52,936,000 -78,173,000 -82,364,000 -82,364,000 -63,598,000 -65,441,000 -78,936,000 -95,913,000 -177,395,000  -241,982,000 -217,615,000 -217,670,000 -217,670,000 -177,395,000 -105,744,000 -65,756,000 -45,958,000 -45,958,000 -23,638,000 -26,088,000 
      total operating expenses
    		-1,221,523,000 -1,158,413,000 -1,005,809,000 -1,097,616,000 -1,268,569,000 -1,161,114,000 -753,173,000 -721,210,000 -670,828,000 -475,403,000 -452,171,000 -483,577,000 -483,577,000 -506,934,000 -438,288,000 -486,417,000 -629,299,000 -2,453,651,000  -2,362,698,000 -2,871,435,000 -2,290,753,000 -2,290,753,000 -2,453,651,000 -1,450,425,000 -922,400,000 -571,444,000 -571,444,000 -411,118,000 -236,264,000 
      income from operations
    		-178,025,000 -241,865,000 34,773,000 -149,274,000 -490,107,000 -464,750,000 -77,702,000 -187,915,000 -99,541,000 43,311,000 95,139,000 -13,248,000 -13,248,000 -69,564,000 -60,493,000 25,253,000 258,316,000 -990,116,000  -854,722,000 -1,502,594,000 -696,075,000 -696,075,000 -990,116,000 -160,772,000 91,930,000 167,596,000 167,596,000 -10,815,000 16,226,000 
      yoy
    		-63.68% -47.96% -144.75% -20.56% 392.37% -1173.05% -181.67% 1318.44% 651.37% -162.26% -257.27% -152.46% -105.13% -92.97%  -102.95% -117.19% 42.24%  -13.67% 834.61% -857.18% -515.33% -690.78% 1386.56% 466.56%     
      qoq
    		-26.39% -795.55% -123.29% -69.54% 5.46% 498.12% -58.65% 88.78% -329.83% -54.48% -818.14% 0.00% -80.96% 15.00% -339.55% -90.22% -126.09%   -43.12% 115.87% 0.00% -29.70% 515.85% -274.89% -45.15% 0.00% -1649.66% -166.65%  
      interest income
    		8,577,000 9,935,000 13,041,000 14,776,000 15,661,000 21,274,000 18,673,000 18,603,000 24,153,000 19,780,000 13,293,000 7,600,000 7,600,000 4,325,000 1,763,000 7,682,000 4,296,000 1,580,000  7,667,000 14,085,000 1,273,000 1,273,000 1,580,000 274,000 245,000 1,938,000 1,938,000 3,282,000 3,990,000 
      realized gains from investments
    		6,346,000 9,182,000 4,038,000 5,017,000 6,001,000 7,732,000 6,552,000 5,269,000 7,579,000 7,658,000 10,724,000 14,778,000 14,778,000 7,753,000 8,074,000 11,659,000 11,582,000 16,831,000  15,826,000 8,810,000 17,334,000 17,334,000 16,831,000 23,885,000 12,353,000 8,027,000 8,027,000 1,903,000  
      other income
    		14,621,000 5,621,000 71,580,000 -6,395,000 3,964,000  43,697,000 32,776,000 15,782,000 -6,153,000 12,066,000 26,922,000 26,922,000 -3,438,000 397,000 28,004,000 11,215,000 49,884,000  -36,519,000 44,887,000 54,109,000 70,120,000 49,884,000 87,722,000 61,931,000 4,162,000 4,375,000 1,463,000 91,000 
      loss before provision for income tax and share of results of equity investees
    		-148,481,000 -217,127,000           36,052,000 -60,924,000    -921,821,000  -867,748,000           
      income tax (expenses)/benefits
    		1,360,000  559,000 -2,168,500 -6,792,000 1,635,000                -5,474,000   68,520,000      
      net income
    		-147,121,000 -215,994,000 123,991,000 -135,834,000 -471,273,000 -429,550,000 -12,297,000 -119,649,000 -57,663,000 56,161,000 113,853,000 70,613,000 70,613,000 -61,350,000 -49,809,000 53,718,000 285,858,000 -932,512,000  -918,791,000 -1,425,919,000 -627,033,000 -627,033,000 -932,512,000 18,627,000 147,988,000 174,463,000 174,463,000 1,902,000 16,374,000 
      yoy
    		-68.78% -49.72% -1108.30% 13.53% 717.29% -864.85% -110.80% -269.44% -181.66% -191.54% -328.58% 31.45% -75.30% -93.42%  -105.85% -120.05% 48.72%  -1.47% -7755.12% -523.71% -459.41% -634.50% 879.34% 803.80%     
      qoq
    		-31.89% -274.20% -191.28% -71.18% 9.71% 3393.13% -89.72% 107.50% -202.67% -50.67% 61.24% 0.00% -215.10% 23.17% -192.72% -81.21% -130.65%   -35.56% 127.41% 0.00% -32.76% -5106.24% -87.41% -15.18% 0.00% 9072.61% -88.38%  
      net loss attributable to gaotu techedu inc.'s ordinary shareholders
    		-147,121,000 -215,994,000           -14,360,250 -61,350,000    -932,512,000             
      net loss per ordinary share
    		                              
      basic
    		-910 -1,320           -82.5 -360    -5,870             
      diluted
    		-910 -1,320           -82.5 -360    -5,870             
      net loss per ads
    		                              
      basic
    		-610 -880           -55 -240    -3,910             
      diluted
    		-610 -880           -55 -240    -3,910             
      weighted-average shares used for eps calculation
    		                              
      basic
    		161,927,833,000 163,339,258,000 166,745,668,000 171,412,125,000 171,135,287,000 173,044,221,000 172,329,184,000 173,725,790,000 174,631,114,000 174,603,256,000 173,057,873,000 172,754,938,000 172,254,080,000 172,515,359,000 172,188,243,000 171,540,658,000 171,204,907,000 158,934,937,000 170,790,979,000 170,634,264,000 170,329,724,000 161,704,940,000 159,725,779,000 158,934,937,000 159,135,290,000 159,113,826,000 158,106,902,000 132,400,941,000 157,090,261,000 120,701,922,000 
      diluted
    		161,927,833,000 163,339,258,000 169,581,622,000 171,412,125,000 171,135,287,000 173,044,221,000 172,329,184,000 173,725,790,000 174,631,114,000 179,933,329,000 179,607,924,000 176,653,111,000 175,991,484,000 172,515,359,000 172,188,243,000 175,328,961,000 175,669,582,000 158,934,937,000 170,790,979,000 170,634,264,000 170,329,724,000 161,704,940,000 159,725,779,000 158,934,937,000 167,718,073,000 167,849,627,000 165,855,746,000 139,477,898,000 166,702,637,000 129,617,224,000 
      income tax benefits/
    		 1,133,000        -4,250,000  34,561,000           10,023,250 -10,435,000       
      income before provision for income tax and share of results of equity investees
    		  123,432,000 -135,876,000 -464,481,000 -431,185,000 -8,780,000 -131,267,000 -52,027,000 64,596,000 131,222,000 36,052,000   -50,259,000 72,598,000 285,409,000    -1,434,812,000          
      net income attributable to gaotu techedu inc.'s ordinary shareholders
    		  123,991,000 -135,834,000 -471,273,000 -429,550,000 -12,297,000 -119,649,000 -57,663,000 56,161,000 113,853,000 70,613,000   -49,809,000 53,718,000 285,858,000              
      net income per ordinary share
    		                              
      basic
    		  740 -820 -2,750 -2,480 -70 -690 -330 320 660 410   -290 310 1,670   -5,380 -8,370 -3,880 -3,900 -5,870 120 930 1,100 1,170 10 60 
      diluted
    		  730 -820 -2,750 -2,480 -70 -670 -330 310 630 400   -290 310 1,630   -5,380 -8,370 -3,880 -3,900 -5,870 110 880 1,050 1,120 10 60 
      net income per ads
    		                              
      share of results of equity investees
    		        -4,980,000 -4,185,000        -256,000  615,000 -917,000          
      other (expenses)/income
    		     4,559,000                         
      income tax expenses
    		      -3,517,000 -5,568,750 -656,000  -17,369,000               -17,992,000 -7,871,000    
      impairment loss on long-lived assets
    		                -14,104,000              
      disposal loss on assets
    		                -21,270,000              
      income tax benefits
    		            -4,714,000 -426,000  -18,880,000    -51,658,000        -7,871,000  -4,539,000 
      impairment loss on intangible assets and goodwill
    		                   -53,131,000           
      income tax (expenses) benefits
    		              450,000  449,000    9,810,000        5,471,000  
      net revenues:
    		                1,274,267,000 1,965,809,000  2,232,254,000 1,940,343,000 2,211,041,000 1,228,425,750 1,965,809,000 1,650,314,000      
      online k-12 academic subject tutoring services
    		                1,125,200,000              
      comprehensive tutoring services3
    		                149,067,000              
      operating expenses
    		                              
      online k-12 courses
    		                 1,757,180,000  2,091,355,000 1,816,271,000 1,975,162,000 1,065,559,250 1,757,180,000 1,384,968,000      
      foreign language, professional and admission
    		                 203,469,000  140,062,000 123,086,000          
      other services
    		                 5,160,000  837,000 986,000 2,049,000 3,360,000 5,160,000 4,975,000      
      income tax (expenses)benefits
    		                 -10,435,000             
      net income attributable to gaotu techedu inc.’s ordinary shareholders
    		                   -918,791,000           
      net income attributable to gsx techedu inc.’s ordinary shareholders
    		                    -1,425,919,000 -627,033,000 -627,033,000 -932,512,000 18,627,000 147,988,000 174,463,000 156,616,000 1,902,000  
      foreign language, professional and interest
    		                     233,830,000 159,506,500 203,469,000       
      income before provision for income tax and loss from equity method investments
    		                     -623,359,000 -201,063,250 -921,821,000 -48,891,000 166,459,000     
      income from equity method investments
    		                     1,800,000 -434,250 -256,000 -1,002,000  611,000 611,000 598,000 606,000 
      less: series a convertible redeemable preferred shares redemption value accretion
    		                             7,039,000 
      less: undistributed earnings allocated to the participating preferred shares
    		                           17,847,000  1,682,000 
      adult courses education services
    		                        260,371,000      
      loss from equity method investments
    		                         -479,000     
      income before provision for income tax and income from equity method investments
    		                          181,723,000 181,723,000 -4,167,000 20,307,000 
      net income attributable to gsx techedu inc.'s ordinary shareholders
    		                             7,653,000 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-08-30 2023-05-30 2023-02-28 2022-12-31 2022-11-22 2022-06-06 2022-03-08 2022-02-23 2021-12-31 2021-09-23 2021-05-26 2021-03-08 2020-12-31 2020-11-23 2020-09-02 2020-05-07 
                               
        rmb
      		                         
        assets
      		                         
        current assets
      		                         
        cash and cash equivalents
      		318,731,000 814,356,000 1,015,595,000 220,713,000 855,815,000 1,414,853,000 1,201,452,000 98,456,000 885,569,000 767,702,000 1,216,834,000 819,911,000 3,731,000 908,736,000 968,153,000 728,934,000 770,484,000 11,260,000 1,005,328,000 2,910,583,000 355,224,000 355,224,000 187,796,000 225,281,000 565,168,000 
        restricted cash
      		125,272,000 27,074,000 16,407,000  6,874,000 2,397,000 33,909,000  50,000 534,000  22,000  717,000 11,658,000 168,189,000 699,969,000  13,453,000 23,506,000      
        short-term investments
      		2,095,986,000 2,595,146,000 1,419,553,000 516,647,000 1,482,924,000 1,780,283,000 1,588,129,000 527,692,000 1,578,237,000 2,859,384,000 2,206,153,000 2,923,864,000 734,142,000 2,433,428,000 2,226,853,000 2,774,000,000 1,983,925,000 885,420,000 3,949,619,000 2,448,543,000 7,331,268,000 7,331,268,000 1,387,360,000 2,144,386,000 1,003,133,000 
        inventory
      		53,401,000 53,266,000 31,254,000  53,404,000 38,394,000 23,070,000  29,821,000 23,906,000 20,932,000 22,783,000  19,010,000 18,728,000 15,595,000 24,291,000  62,722,000 51,352,000 48,074,000 48,074,000 49,956,000 69,068,000  
        prepaid expenses and other current assets
      		526,989,000 527,953,000 440,708,000 1,816,000 555,722,000 594,605,000 612,859,000 268,000 602,524,000 575,588,000 629,139,000 399,897,000 1,787,000 339,930,000 309,306,000 250,068,000 522,698,000 463,000 690,698,000 831,319,000 722,682,000 722,682,000 448,286,000 539,761,000 391,877,000 
        total current assets
      		3,120,379,000 4,017,795,000 2,923,517,000 7,176,563,000 2,954,739,000 3,830,532,000 3,459,419,000 7,134,943,000 3,106,861,000 4,237,774,000 4,073,058,000 4,166,477,000 7,199,383,000 3,701,821,000 3,534,698,000 3,936,786,000 4,001,367,000 6,674,745,000 5,721,820,000 6,265,303,000 8,457,248,000 8,457,248,000 2,073,398,000 2,978,496,000 1,960,178,000 
        non-current assets
      		                         
        operating lease right-of-use assets
      		506,882,000 518,677,000 491,998,000  574,743,000 424,144,000 273,356,000  126,252,000 86,095,000 119,437,000 83,663,000  105,367,000 228,311,000 353,877,000 451,911,000  856,626,000 878,285,000 806,591,000 806,591,000 725,038,000 558,976,000 413,354,000 
        property, equipment and software
      		834,745,000 831,889,000 683,354,000  626,880,000 599,986,000 547,207,000  524,580,000 525,756,000 537,563,000 552,032,000  567,019,000 617,003,000 680,009,000 699,652,000  857,780,000 766,455,000 704,338,000 704,338,000 639,805,000 555,031,000 489,362,000 
        land use rights
      		45,424,000 46,267,000 25,561,000  25,964,000 26,165,000 26,366,000  26,769,000 26,970,000 27,171,000 27,373,000  27,574,000 27,976,000 28,178,000 28,379,000  28,580,000 28,781,000 28,983,000 28,983,000 29,184,000 29,385,000 29,587,000 
        long-term investments
      		500,401,000 387,537,000 995,887,000 174,122,000 964,363,000 905,829,000 974,074,000 209,252,000 1,059,577,000 114,474,000         518,549,000 526,578,000 530,729,000 530,729,000 555,651,000 572,223,000 1,168,978,000 
        rental deposit
      		49,271,000 48,739,000 47,236,000  43,751,000 33,925,000 23,189,000  10,765,000 9,309,000 11,432,000 9,502,000  9,290,000 22,471,000 22,544,000 44,638,000  53,530,000 52,440,000 51,499,000 51,499,000 44,234,000 33,838,000 26,270,000 
        other non-current assets
      		57,636,000 17,595,000 19,339,000  17,920,000 17,941,000 18,104,000  18,978,000 19,803,000 20,626,000 21,449,000  17,395,000 3,078,000 3,272,000 1,710,000  2,507,000 56,899,000 58,080,000 1,230,000 1,640,000 1,332,000 1,073,000 
        total assets
      		5,114,738,000 5,868,499,000 5,186,892,000 7,350,685,000 5,208,360,000 5,845,854,000 5,329,047,000 7,344,195,000 4,885,094,000 5,032,044,000 4,803,432,000 4,876,175,000 7,199,383,000 4,428,466,000 4,433,537,000 5,024,666,000 5,227,657,000 6,674,745,000 8,039,392,000 8,630,537,000 10,685,792,000 10,685,792,000 4,200,494,000 4,889,686,000 4,187,540,000 
        liabilities
      		                         
        current liabilities
      		                         
        short-term borrowings of the consolidated vie without recourse to the group
      		48,544,000                         
        accrued expenses and other current liabilities
      		1,320,853,000 1,496,834,000 1,257,692,000 5,778,000 1,070,433,000 1,104,567,000 858,450,000 4,636,000 634,021,000 583,694,000 600,347,000 662,189,000 5,072,000 546,741,000 516,577,000  743,708,000 5,184,000 1,513,739,000 1,382,872,000 1,315,502,000 1,315,502,000 745,455,000 697,917,000 327,711,000 
        deferred revenue, current portion
      		1,534,246,000                         
        operating lease liabilities, current portion
      		140,337,000 137,426,000 151,422,000  164,178,000 107,521,000 70,485,000  36,901,000 29,433,000 31,638,000 38,326,000  29,446,000 53,418,000           
        income tax payable
      		88,000 49,000 106,000  133,000 62,000 1,591,000  2,556,000 6,330,000 16,242,000 1,793,000  876,000 19,323,000           
        total current liabilities
      		3,044,068,000 3,615,989,000 2,640,676,000 113,861,000 2,458,358,000 2,604,074,000 1,787,316,000 112,756,000 1,304,725,000 1,416,200,000 1,330,737,000 1,609,222,000 113,192,000 1,181,663,000 1,176,062,000 1,760,268,000 2,203,832,000 113,304,000 3,723,862,000 3,475,174,000 4,197,392,000 4,197,392,000 2,830,906,000 2,758,081,000 1,835,890,000 
        non-current liabilities
      		                         
        deferred revenue, non-current portion of the consolidated vie without recourse to the group
      		238,924,000 215,313,000 213,511,000  215,603,000 190,211,000 146,524,000  130,054,000 125,833,000 88,067,000 52,419,000  33,826,000 12,975,000  10,689,000  7,761,000 9,105,000 9,125,000 9,125,000 6,206,000 3,148,000 3,497,000 
        operating lease liabilities, non-current portion
      		343,158,000 363,007,000 328,245,000  397,466,000 308,760,000 196,513,000  87,549,000 56,034,000 85,662,000 44,198,000  75,824,000 180,269,000           
        deferred tax liabilities
      		76,073,000 70,429,000 69,930,000  70,664,000 71,123,000 71,404,000  72,617,000 73,444,000 74,235,000 74,507,000       72,921,000       
        total liabilities
      		3,702,223,000 4,264,738,000 3,252,362,000 5,417,221,000 3,142,091,000 3,174,168,000 2,201,757,000 4,237,930,000 1,594,945,000 1,671,511,000 1,578,701,000 1,780,346,000 4,103,554,000 1,388,805,000 1,466,917,000 2,143,724,000 2,659,806,000 3,793,803,000 4,446,351,000 4,257,711,000 4,955,937,000 4,955,937,000 3,552,341,000 3,337,969,000 2,461,020,000 
        shareholders’ equity
      		                         
        ordinary shares
      		116,000 116,000 116,000  116,000 116,000 116,000  116,000 116,000 115,000 115,000  115,000 114,000 114,000 113,000  113,000 113,000 113,000  106,000 106,000 106,000 
        treasury stock
      		-461,340,000 -420,144,000 -329,034,000 -242,866,000 -216,494,000 -98,307,000 -59,973,000 -85,178,000 -33,691,000            -139,572,000 -139,572,000 -206,804,000 -235,482,000 -72,491,000 
        additional paid-in capital
      		7,950,976,000 7,950,764,000 7,959,114,000 7,991,421,000 7,994,101,000 7,986,214,000 7,978,088,000 7,987,957,000 7,977,592,000 7,961,658,000 7,935,650,000 7,915,899,000 7,915,899,000 7,898,852,000 7,831,799,000 7,793,234,000 7,755,765,000 7,793,234,000 7,723,745,000 7,568,841,000 7,595,049,000 7,595,049,000 1,902,356,000 1,862,105,000 1,927,564,000 
        accumulated other comprehensive loss
      		-25,738,000 -22,597,000 -7,282,000 -2,832,000 -34,913,000 -11,069,000 -15,223,000 -33,209,000 -10,096,000 -15,132,000 -68,764,000 -64,062,000 -64,062,000 -32,570,000 -149,716,000 -143,111,000 -132,874,000 -143,111,000 -120,277,000 -104,379,000      
        statutory reserve
      		66,042,000 66,042,000 66,042,000  50,225,000 50,225,000 50,225,000  40,380,000 40,380,000 40,380,000 40,380,000  40,380,000 40,380,000 40,380,000 40,380,000  40,380,000 40,380,000 40,380,000  6,921,000 6,921,000 6,921,000 
        accumulated deficit
      		-6,117,541,000 -5,970,420,000 -5,754,426,000 -5,878,417,000 -5,726,766,000 -5,255,493,000 -4,825,943,000 -4,813,646,000 -4,684,152,000 -4,626,489,000 -4,682,650,000 -4,796,503,000 -4,796,503,000 -4,867,116,000 -4,755,957,000 -4,809,675,000 -5,095,533,000 -4,809,675,000 -4,050,920,000 -3,132,129,000 -1,706,210,000 -1,706,210,000 -1,045,718,000 -113,206,000 -131,833,000 
        total shareholders’ equity
      		1,412,515,000 1,603,761,000 1,934,530,000 1,933,464,000 2,066,269,000 2,671,686,000 3,127,290,000 3,106,265,000 3,290,149,000 3,360,533,000 3,224,731,000 3,095,829,000 3,095,829,000 3,039,661,000 2,966,620,000 2,880,942,000 2,567,851,000 2,880,942,000 3,593,041,000 4,372,826,000 5,729,855,000 5,729,855,000 648,153,000 1,551,717,000 1,726,520,000 
        total liabilities and total shareholders’ equity
      		5,114,738,000 5,868,499,000 5,186,892,000 7,350,685,000 5,208,360,000 5,845,854,000 5,329,047,000 7,344,195,000 4,885,094,000 5,032,044,000 4,803,432,000 4,876,175,000 7,199,383,000 4,428,466,000 4,433,537,000 5,024,666,000 5,227,657,000 6,674,745,000 8,039,392,000 8,630,537,000 10,685,792,000  4,200,494,000 4,889,686,000 4,187,540,000 
        deferred revenue, current portion of the consolidated vie without recourse to the group
      		 1,981,680,000 1,231,456,000  1,223,614,000 1,391,924,000 856,790,000  631,247,000 796,743,000 682,510,000 906,914,000  604,600,000 586,744,000  1,349,640,000  1,968,608,000 1,887,423,000 2,724,614,000 2,724,614,000 1,958,579,000 1,957,955,000 1,335,294,000 
        amounts due from subsidiaries and vies
      		   6,437,387,000    6,508,527,000     6,459,723,000     5,777,602,000        
        amounts due to subsidiaries and vies
      		   108,083,000    108,120,000     108,120,000     108,120,000        
        deficit of investments in subsidiaries and vies
      		   5,303,360,000    4,125,174,000     3,990,362,000     3,680,499,000        
        class a ordinary shares
      		   68,000    68,000     67,000     66,000    65,000    
        class b ordinary shares
      		   48,000    48,000     48,000     48,000    48,000    
        statutory reserves
      		   66,042,000    50,225,000     40,380,000     40,380,000    40,380,000    
        deferred tax assets
      		     7,332,000 7,332,000  11,312,000 11,863,000 14,145,000 15,679,000        55,796,000 48,324,000 48,324,000 131,544,000 160,405,000 98,738,000 
        amounts due from related party
      		        10,660,000 10,660,000                
        other payables of the consolidated vie without recourse to the group
      		             26,580,000 26,580,000  26,580,000  26,580,000 26,580,000  26,580,000    
        deferred tax liabilities of the consolidated vie without recourse to the group
      		             70,912,000 71,031,000 71,616,000 72,137,000   76,248,000 78,697,000 78,697,000 73,499,000 74,111,000 73,125,000 
        accrued expenses, deferred revenue and other current liabilities
      		               1,680,258,000          
        current portion of operating lease liabilities
      		               80,010,000 110,484,000  241,515,000 200,225,000 152,622,000 152,622,000 126,872,000   
        income tax payable of the consolidated vie without recourse to the group
      		                   4,654,000 4,654,000 4,654,000   90,998,000 
        non-current portion of operating lease liabilities
      		               276,035,000 346,568,000  615,227,000 670,604,000 644,143,000 644,143,000 577,796,000   
        deferred revenue and other payables of the consolidated vie without recourse to the group
      		               35,805,000          
        amounts due to related parties of the consolidated vie without recourse to the group
      		                         
        other payables
      		                    26,580,000  63,934,000 63,934,000 220,615,000 
        accumulated other comprehensive income
      		                    -59,905,000 -59,905,000 -8,708,000 31,273,000 -3,747,000 
        intangible assets
      		                     13,219,000    
        goodwill
      		                     43,631,000    
        commitments and contingencies
      		                         
        total liabilities and shareholders’ equity
      		                     10,685,792,000    
        current portion of operating lease liabilities of the consolidated vie without recourse to the group
      		                       102,209,000 81,427,000 
        amounts due to related parties
      		                        460,000 
        non-current portion of operating lease liabilities of the consolidated vie without recourse to the group
      		                       438,695,000 327,893,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD 
         
          cash flows from operating activities
        		 
          net income
        		 
          adjustments to reconcile net income to net cash generated from operating activities:
        		 
          depreciation of property, equipment and software
        		 
          amortization of intangible assets and land use rights
        		 
          share of results of equity investees
        		 
          realized gains from investments
        		 
          disposal loss on assets
        		 
          share-based compensation
        		 
          fair value change of investments
        		 
          allowance for expected credit losses
        		 
          write-down of inventory
        		 
          changes in operating assets and liabilities:
        		 
          accrued expenses and other current liabilities
        		 
          operating lease right-of-use assets
        		 
          operating lease liabilities
        		 
          deferred revenue
        		 
          prepaid expenses and other current assets
        		 
          income tax payable
        		 
          other assets
        		 
          deferred tax assets
        		 
          deferred tax liabilities
        		 
          net cash generated from operating activities
        		 
          cash flows from investing activities
        		 
          purchase of short-term investments
        		 
          proceeds from maturity of short-term investments
        		 
          purchase of property, equipment and software
        		 
          payment for asset acquisition
        		 
          purchase of long-term investments
        		 
          short-term loans to a third party
        		 
          repayment of short-term loans from a third party
        		 
          proceeds from redemption of long-term investments
        		 
          proceeds from disposal of property, equipment and software
        		 
          net cash (used in)/generated from investing activities
        		 
          cash flows from financing activities
        		 
          capital contribution
        		 
          repurchase of ordinary shares
        		 
          net cash from financing activities
        		 
          effect of exchange rate changes
        		 
          net increase in cash, cash equivalents and restricted cash
        		 
          cash, cash equivalents and restricted cash at beginning of the year
        		 
          cash, cash equivalents and restricted cash at end of the year
        		 
          supplemental schedule of cash flow information
        		 
          income taxes paid
        		 
          non-cash investing and financing activity
        		 
          payables for purchase of property, equipment and software
        		 
          right-of-use assets in exchange for new lease liabilities
        		 
          fair value change of fair value option
        		 
          impairment loss on long-lived assets
        		 
          impairment loss on goodwill
        		 
          realized gain from derivative financial liabilities
        		 
          net cash (used in)/generated from operating activities
        		 
          proceeds from maturity of long-term investments
        		 
          proceeds from disposal of equity method investments
        		 
          proceeds from derivative financial liabilities
        		 
          net cash generated from investing activities
        		 
          proceeds from short-term loans
        		 
          repayments of short-term loans
        		 
          payment for asset acquisition after three months of completion
        		 
          provision for inventory
        		 
          proceeds from capital return related to equity method investments
        		 
          acquisition of businesses
        		 
          disposal of property, equipment and software
        		 
          proceeds from private placement financing
        		 
          repayment to related parties
        		 
          net cash generated from financing activities
        		 
          net increase in cash and cash equivalents
        		 
          payables for assets acquisition
        		 
          amount due from related parties
        		 
          purchase of property, equipment, software and intangible asset
        		 
          net cash (used in) generated from investing activities
        		 
          net proceeds from initial public offering and from exercising the over­allotment option by the underwriters
        		 
          gain from remeasuring fair value of previously held equity interests upon business acquisition
        		 
          loss on disposal of property, equipment and software
        		 
          amount due to related parties
        		 
          purchase of property, equipment, software and intangible assets
        		 
          net cash from investing activities
        		 
          net proceeds from initial public offering and from exercising the over-allotment option by the underwriters
        		 
          amount borrowed from related parties
        		 
          net cash (used in) generated from financing activities
        		 
          cash and cash equivalents at beginning of the year
        		 
          cash and cash equivalents at end of the year
        		 
          disposal of subsidiaries
        		 
          amortization of intangible assets
        		 
          loss from equity method investments
        		 
          impairment loss on equity method investments
        		 
          net cash (used in) generated from operating activities
        		 
          loan to related party
        		 
          acquisition of businesses, net of cash acquired