China Online Education Group Presentation Now Available for On-Demand Viewing: dbVIC - Deutsche Bank ADR Virtual Investor Conference
Company invites individual and institutional investors as well as advisors to log-on to VirtualInvestorConferences.com to view presentation
BEIJING, Nov. 19, 2018 /PRNewswire/ -- China Online Education Group (NYSE: COE), based in Beijing, focused on online education, today announced that the November 14 presentation from Co-CFO Min Xu, is now available for on-demand viewing in the dbVIC Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference.
China Online Education Group presentation will be available 24/7 for 90 days. Investors and advisors may download shareholder materials from the "virtual trade booth" for the next three weeks.
Second Quarter 2018 Financial and Operational Highlights
Net revenues were RMB281.7 million (US$42.6 million), a 46.9% increase from RMB191.8 million for the second quarter of 2017.
Gross billings were RMB420.0 million (US$63.5 million), an 18.3% increase from RMB355.1 million for the second quarter of 2017.
Gross margin was 65.7%, compared with 62.9% for the second quarter of 2017.
Percentage of gross billings contributed by K-12 students was 83.5%, compared with 71.9% for the second quarter of 2017.
51Talk, or China Online Education Group (NYSE: COE), is a leading online education platform in China, with core expertise in English education. The Company's mission is to make quality education accessible and affordable. The Company's online and mobile education platforms enable students across China to take live one-on-one interactive English lessons with overseas foreign teachers, on demand. The Company connects its students with a large pool of highly qualified foreign teachers that it assembled using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.
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