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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 their option to purchase any over-allotment ADSs. The ADSs are listed on the New York Stock Exchange und...