Core Viewpoint - Gaotu (GOTU.US) reported a significant improvement in its Q2 2025 financial performance, with a notable increase in revenue and a reduction in net losses compared to the previous year [1] Financial Performance - Q2 net revenue reached 1.3894 billion RMB, representing a year-over-year growth of 37.6% [1] - The net loss for Q2 was 216 million RMB, down from a net loss of 429.6 million RMB in the same period last year, with basic and diluted loss per ADS at 0.88 RMB [1] - Non-GAAP net loss was 206.8 million RMB, compared to 418 million RMB in the prior year [1] - Gross billings amounted to 2.2524 billion RMB, reflecting a year-over-year increase of 36.2% [1] - Net operating cash inflow was 588.8 million RMB, up 52.5% year-over-year [1] Future Outlook - The company anticipates total net revenue for Q3 to be between 1.558 billion and 1.578 billion RMB, indicating a year-over-year growth of 28.9% to 30.6% [1] - Following the earnings report, Gaotu's stock rose by 2.65% in pre-market trading [1]

Core Viewpoint - Shenzhen is implementing a comprehensive plan to promote high-quality development in service trade and digital trade, aiming to enhance its international competitiveness and establish itself as a global economic center by 2030 and 2035 [1]. Group 1: Promotion of Efficient Flow of Trade Resources - The plan focuses on four key areas: facilitating cross-border data flow, accelerating technology transfer, providing financial support for trade development, and enabling talent mobility [2]. - A pilot "negative list" system for cross-border data flow will be established in specific regions, allowing approved research institutions and enterprises to share scientific data securely [2]. - The initiative includes expanding the use of the Renminbi in cross-border transactions and improving the efficiency of its use in various financial activities [2]. Group 2: Innovation in Digital Trade - The plan aims to attract foreign investment in telecommunications and internet services, enhancing the overall scale and competitiveness of the software and information services industry [3]. - Support will be provided for the development of original digital products with independent intellectual property rights, focusing on improving technology content and user experience [3]. - The initiative encourages the use of advanced digital technologies to upgrade service industries, promoting innovation in digital services such as digital finance and online education [3]. Group 3: Enhancement of Service Trade - The plan includes measures to improve international transportation services and expand shipping routes to various regions, including Europe and Africa [6]. - It aims to attract high-level international medical resources and professional service institutions to establish a presence in Shenzhen [6]. - The initiative also seeks to develop cross-border financial and insurance services, enhancing the efficiency of cross-border fund settlement for e-commerce enterprises [6]. Group 4: Support for Digital and Smart City Services - The plan encourages the export of digital and smart city services to markets in ASEAN, the Middle East, Latin America, and Southern Europe [7]. - It aims to facilitate cross-border travel services and support foreign-invested travel agencies in conducting outbound tourism business [7]. - The initiative promotes the development of high-value-added bonded maintenance services and the establishment of a global trading center for electronic components [7].