Youdao Gets Boosts From AI, Patient Parent

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Key Takeaways:Youdao’s revenue grew 26.2% in the second quarter, bouncing back from a decline in the previous quarter, on strong performance for its marketing servicesThe provider of education products and services said its parent agreed to a three-year extension for $200 million in loans coming due next MarchBy Doug Young There are a few lessons in the latest financial report from Youdao Inc. (NYSE: DAO), a company trying to find its way in China’s rapidly changing landscape for providers of education products and services. Perhaps most interesting, Youdao’s results offer a convincing case fo…

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