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China Online Education Group Announces First Quarter 2021 Results
First quarter active students increased by 37.0% year-over-year
First quarter GAAP and non-GAAP net income were RMB8.0 million and RMB16.8 million respectively
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BEIJING, May 17, 2021 /PRNewswire/ China Online Education Group ( 51Talk or the Company ) (NYSE:COE), a leading online education platform in China, with core expertise in English education, announced its unaudited financial results for the first quarter ended March 31, 2021.
First
Financial and Operating Highlights
Net revenues were RMB600.4 million (US$91.6 million), a 23.3% increase from RMB487.1 million for the first quarter of 2020.
Gross margin was 73.4%, compared with 70.4% for the first quarter of 2020.
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Press release content from PR Newswire. The AP news staff was not involved in its creation.
China Online Education Group Announces Change to Board Composition
May 11, 2021 GMT
BEIJING, May 11, 2021 /PRNewswire/ China Online Education Group (“51Talk,” or the “Company”) (NYSE: COE), a leading online education platform in China with core expertise in English education, announced today that its board of directors (the “Board”) has appointed Mr. Shengwen (Roy) Rong as an independent director, effective May 11, 2021. Mr. Rong will also serve as a member and chairman of the audit committee of the Board, a member of the compensation committee of the Board, and a member of the nominating and corporate governance committee of the Board. Also effective May 11, 2021, Mr. Conor Chia-hung Yang resigned as a director of the Company for personal reasons and stepped down as a member and chairman of the audit committee of the Board, a member of the compensation committee of the Board,
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