Gaotu Techedu Inc. (, formerly GSX Techedu Inc., from , Genshuixue) is a Chinese

education technology Educational technology (commonly abbreviated as edutech, or edtech) is the combined use of computer hardware, software, and educational theory and practice to facilitate learning and teaching. When referred to with its abbreviation, "EdTech", ...

company offering online tutoring services for K-12 students, along with foreign language and professional training courses for adults. The company was founded in 2014 by Xiang Dong Chen. Its primary product is the online education platform Genshuixue. GSX is currently under investigation by the

U.S. Securities and Exchange Commission The United States Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its primary purpose is to enforce laws against market m ...

after more than a dozen research reports came out in 2020 accusing GSX of inflating its revenue numbers. These critical reports included ones from short-selling firms such as

Muddy Waters Research Muddy Waters Research LLC is an American privately held due diligence based investment firm founded by Carson Block that conducts investigative research on public companies while also taking investment positions that reflect their research. It ha ...

. The stock price went from a high of $149.05 on January 27, 2021, to a low of $2.40 .

References

Companies based in Beijing Companies listed on the New York Stock Exchange {{China-company-stub