Gaotu(US:GOTU)2019-08-22 14:36Company Overview - GSX Techedu Inc is laser-focused on online live large-class tutoring[8] - The company's mission is to make education better through technology[6] - GSX Techedu Inc is the 3rd largest online K-12 large-class after-school tutoring service provider in China in terms of gross billings in 2018[8] Education Quality and Content - The company disseminates China's scarce high-quality teaching resources through specialization and collaboration[23] - The company employs professional tutors with an average of 11+ years of teaching experience as of June 30, 2019[24] - Less than 2% of candidates are employed in 2018[24] - The company offers the highest average compensation among online service providers in 2018[24] - The company's course materials are designed and developed in-house[28] Technology and Operations - The company utilizes live broadcasting technology with a maximum capacity of 100,000 students and an average delay time of less than 300 milliseconds[35] - The company uses AI and Big Data, analyzing over 15,000 dimensions of student behavioral data[35] Financial Performance - Adjusted Gross Profit Margin increased from 56% in 1Q18 to 73% in 2Q19[38]