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DAO vs LXEH

Youdao, Inc. American Depositary Shares, each representing one Class A Ordinary Share and Lixiang Education Holding Co., Ltd. American Depositary Shares

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Youdao, Inc. American Depositary Shares, each representing one Class A Ordinary Share

Youdao, Inc., an internet technology company, provides online services in the fields of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The learning services mainly include tutoring services and fee-based premium services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications. It also offers online knowledge tools, which include Youdao and other dictionaries and translation tools, as well as AI-based learning tools; STEAM courses through Youdao Premium Courses; adult courses through NetEase Cloud Classroom, such as foreign language, preparing for an exam, and picking up a new skill; and other courses consisting of China University MOOC courses. In addition, the company provides smart devices comprising Youdao Dictionary Pen, and Youdao Listening Pod, and Youdao Smart Learning Pad; education digitalization solutions, such as technologies and solutions licensed to schools or enterprise customers, including Youdao Smart Learning Terminal, Youdao Sports, and Youdao Smart Cloud; and online marketing services consisting of performance-based and brand advertising services. Further, it offers technical support to the variable interest entities (VIEs). The company was founded in 2006 and is headquartered in Hangzhou, China. Youdao, Inc. is a subsidiary of NetEase, Inc.

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Lixiang Education Holding Co., Ltd. American Depositary Shares

Lixiang Education Holding Co., Ltd., through its subsidiaries, provides private education services in the People's Republic of China. The company offers high school and vocational education services through Qingtian International School, Lishui International School, Beijing Xinxiang, Langfang School, and Hainan Jiangcai. It also provides education and human resources services, such as human resources comprising labor dispatch, human education, and agency recruitment; outsourcing vocational services; recruitment process outsourcing services; services for flexible employment, including the services for the part-time employment, retirement re-employment, internships, and other short-term or temporary employment methods; and vocational education. In addition, the company offers human resources services for internship and employment recommendations. The company was formerly known as Lianwai Education Group Limited and changed its name to Lixiang Education Holding Co., Ltd. in May 2020. Lixiang Education Holding Co., Ltd. was founded in 2001 and is headquartered in Lishui, the People's Republic of China.

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