|Bid||82.21 x 3100|
|Ask||82.64 x 800|
|Day's range||81.50 - 83.93|
|52-week range||77.97 - 134.33|
|Beta (5Y monthly)||0.41|
|PE ratio (TTM)||30.56|
|Earnings date||17 Nov 2021 - 22 Nov 2021|
|Forward dividend & yield||0.80 (0.96%)|
|Ex-dividend date||13 Sep 2021|
|1y target est||125.14|
China's crackdown on for-profit education companies sparked concerns about its e-learning subsidiary Youdao (NYSE: DAO), while new playtime restrictions for online games and a potential slowdown in new video game approvals cast dark clouds over its online gaming business. Youdao provides a wide range of online learning tools (including a dictionary, translation tools, and cloud-based note-taking tools), online learning courses and remote learning tools, interactive learning apps, and smart devices like digital translation pens and pocket translators.
Shares of Tencent and NetEase tumbled on Thursday after Chinese regulators urged firms to protect children. Yahoo Finance's Dan Howley shares the details.
China has temporarily slowed down approval for all new online games in a bid to curb a gaming addiction among young people, the South China Morning Post reported https://bit.ly/3hiH4ee on Thursday citing people with knowledge of the matter. The SCMP said the strategy to slow down approvals emerged after a Wednesday meeting between Chinese authorities and gaming firms including Tencent Holdings Ltd and NetEase Inc. Beijing on Wednesday had summoned gaming firms including Tencent and NetEase.