GSX Techedu Inc. (GSX) Refutes Muddy Waters Research's Allegations
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GSX Refutes Muddy Waters Research's Allegations
May 19, 2020 7:18 AM EDTBEIJING, May 19, 2020 /PRNewswire/ -- GSX Techedu Inc. (NYSE: GSX) ("GSX" or the "Company"), a leading online K-12 large-class after-school tutoring service provider in China, today refuted the false allegations in Muddy Waters Research's latest report, dated May 18, 2020. The Company respects Muddy Waters' efforts. However, after analyzing the report, the Company believes that Muddy Waters lacks a basic understanding of GSX's operations.
The Company's management regrets to see confusion in the market and will continue to use its best efforts to ensure that investors fully understand all... More
