Gaotu Techedu Inc. (GOTU) reported a second-quarter net loss of RMB 216.0 million, an improvement from RMB 429.6 million last year. Non-GAAP net loss was RMB 206.8 million, compared to RMB 418.0 million previously. Net revenues rose by 37.6% to RMB 1.39 billion, with gross billings increasing by 36.2% to RMB 2.25 billion. The company expects third-quarter net revenues to be between RMB 1.56 billion and RMB 1.58 billion. For more financial news and updates, visit rttnews.com.

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