UPDATE: China Online Education Group (COE) Reports Q2 Loss of $0.04
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China Online Education Group Announces Second Quarter 2018 Results
September 10, 2018 5:30 AM EDTNet revenues increased by 46.9% year-over-year Gross billings[1] increased by 18.3% year-over-year
BEIJING, Sept.10, 2018 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE: COE), a leading online education platform in China, with core expertise in English education, today announced its unaudited financial results for the second quarter ended June 30, 2018.
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... More