Eva Xu News Today

While some Chinese church leaders are concerned that it may scare Christians, others hope believers will continue to plough the frozen ground and sow in the digital mission field.

Youdao $238 million equity follow-on offering We advised Youdao on its offering of ADSs We advised Youdao on its offering of ADSs Davis Polk advised Youdao, Inc. on its SEC-registered equity offering of 7,000,000 American depositary shares. Each ADS represents one Class A ordinary share of Youdao. Youdao has granted the underwriters an option to purchase up to an additional 1,050,000 ADSs. The total gross proceeds for the offering are $238 million, assuming the underwriters do not exercise thei...