Gaotu Techedu Inc (GOTU)

[MinnieM]

GSX Techedu Inc. ADR stock on NYSE is shaping up to be another China scam. Following court doc makes for interesting reading.

https://www.courtlistener.com/recap/gov.uscourts.njd.432748/gov.uscourts.njd.432748.22.0.pdf

Defendents are listed on pages 7 - 10. A lot of big names are included.

pg 11

34. The Company represents that its K–12 courses cover various academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science. The Company also claims to provide English courses for children in
kindergarten; and courses that help children in grade one through grade seven. In addition, GSX purports to offer foreign language courses comprising English, Japanese, and Korean, as well as English test preparation courses for students taking post-graduate entrance exams; and professional courses primarily for working adults preparing for professional qualification exams. Further, the Company says that it offers personal interest courses, such as yoga, fashion, guitar,
and Chinese calligraphy. Additionally, GSX claims to offer other courses, including offline business consulting courses to enhance management skills for principals and other officers of private education institutions.

pg 21 heading is Expert Analysis of Anomalies in the Company’s Course Login Data Shows that 70% of the Company’s Students Are “Bots”
it has expert witness testimony by a USC professor of computer science