LAIX Inc. American Depositary Shares, each representing one Class A Ordinary Share (LAIX) Company Bio
LAIX Inc is the creator and operator of AI-powered English language learning app Liulishuo. The company’s proprietary AI teacher utilizes deep learning and adaptive learning technologies, big data, well-established education pedagogies and the mobile internet. The company is based in Shanghai, China.
LAIX ([[LAIX]] -15.4%) Q2 gross billings were $43.3M, a 13.2% decrease from previous quarter and a 5.5% decrease from same period last year.Net revenues were $38.1M, an 18.0% increase from previous quarter and a 2.5% decrease from last year.Quarter-over-quarter increase was primarily attributable to the upgrade of product mix, introducing additional courses and...
Hello, ladies and gentlemen, thank you for standing by, and welcome to the LAIX Inc.'s first-quarter 2020 earnings conference call. Hello, everyone, and welcome to the first-quarter 2020 earnings conference call for LAIX Inc., also known as Liulishuo. Bing Sun, our CFO, will begin with some prepared remarks.
LAIX Inc. ("LAIX" or the "Company") (NYSE: LAIX), an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning, today announced its unaudited financial results for the first quarter ended March 31, 2020.