Company invites individual and institutional investors as well as advisors to log-on to VirtualInvestorConferences.com to view presentation
BEIJING, Nov. 19, 2018 /CNW/ -- China Online Education Group (NYSE: COE), based in Beijing, focused on online education, today announced that the November 14 presentation from Co-CFO Min Xu, is now available for on-demand viewing in the dbVIC Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference.
China Online Education Group presentation will be available 24/7 for 90 days. Investors and advisors may download shareholder materials from the "virtual trade booth" for the next three weeks.
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 million (US$63.5 million), an 18.3% increase from RMB355.1 million for the second quarter of 2017.
- Gross margin was 65.7%, compared with 62.9% for the second quarter of 2017.
- Percentage of gross billings contributed by K-12 students was 83.5%, compared with 71.9% for the second quarter of 2017.
Learn more about the event at www.VirtualInvestorConferences.com.
About China Online Education Group
51Talk, or China Online Education Group (NYSE: COE), is a leading online education platform in China, with core expertise in English education. The Company's mission is to make quality education accessible and affordable. The Company's online and mobile education platforms enable students across China to take live one-on-one interactive English lessons with overseas foreign teachers, on demand. The Company connects its students with a large pool of highly qualified foreign teachers that it assembled using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.
Since 2010, VirtualInvestorConferences.com, created by BetterInvesting (NAIC) and PRNewswire, has been the only monthly virtual investor conference series that provides an interactive forum for presenting companies to meet directly with investors using a graphically-enhanced online platform.
Designed to replicate the look and feel of location-based investor conferences, Virtual Investor Conferences unites PR Newswire's leading-edge online conferencing and investor communications capabilities with BetterInvesting's extensive retail investor audience network.
SOURCE China Online Education Group
For further information: China Online Education Group, Judy Piao, Investor Relations, 010-8342 6262, [email protected]; VirtualInvestorConferences.com, John M. Viglotti, 212-729-8350, [email protected]