News Snapshot:
BEIJING , March 5, 2021 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE: COE ), a leading online education platform in China , with core expertise in English education, announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020 . Fourth Quarter 2020 Financial and Operating Highlights Net revenues were RMB535.1 million ( US$82.0 million ), a 34.7% increase from RMB397.2 million for the fourth quarter of 2019. Gross margin was 72.7%, compared with 72.1% for the fourth quarter of 2019. GAAP net income was RMB31.8 million , compared with GAAP...
