Why Youdao Stock Was Gaining Today

Shares of Youdao (NYSE: DAO), a Chinese online education specialist, were rising on Thursday after the company delivered better-than-expected results in its fourth-quarter earnings report. As of 1:41 p.m. EST today, the stock was up 9.6% even as tech stocks were broadly crashing. Youdao operates in the fast-growing online education segment and has enjoyed tailwinds from the pandemic over the last year, which has driven a shift to online learning in China and elsewhere.