How A Chinese Billionaire Lost Most Of His Fortune In The Last Six Months [Forbes]
Gaotu Techedu Inc. American Depositary Shares (GOTU)
Company Research
Source: Forbes
ToplineLarry Xiangdong Chen, the CEO of Chinese online education firm GSX Techedu, has seen his net worth tumble by billions in recent months as his company deals with allegations of fraud, the collapse of a hedge fund that was an investor, disappointing revenue forecasts and Beijing’s crackdown on online schooling.GSX Techedu Chairman and CEO Larry Xiangdong Chen, left, and company CFO Nan Shen, meet with... [+]specialist Anthony Rinaldi during their IPO at a trading post on the floor of the New York Stock Exchange, Thursday, June 6, 2019. (AP Photo/Richard Drew)ASSOCIATED PRESSKey FactsShares of GSX Techedu, which provides online educational courses up to 12th grade in China, fell 4.04% to $17.35 on Wednesday afterGoldman SachsGSX shares have now plunged 88% since late January, wiping out about$14 billionChen currently owns 43.5% of GSX’s shares outstanding and his net worth peaked at $15.85 billion on Jan. 27, when shares hit a peak price of $142.70.Chen now has a net worth of$1.9
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GOTU
News
- Gaotu Techedu Files Its Annual Report on Form 20-FPR Newswire
- Gaotu Techedu Inc. (NYSE: GOTU) was upgraded by analysts at CLSA from an "underperform" rating to an "outperform" rating.MarketBeat
- Gaotu Techedu Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results [Yahoo! Finance]Yahoo! Finance
- Gaotu Techedu Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial ResultsPR Newswire
- Gaotu Techedu: Live-Streaming Business And Financial Outlook Are Key Investment Considerations [Seeking Alpha]Seeking Alpha
GOTU
Sec Filings
- 4/25/24 - Form 20-F
- 3/21/24 - Form 144
- 3/21/24 - Form 144
- GOTU's page on the SEC website