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Youdao Reports Second Quarter 2026 Unaudited Financial Results

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HANGZHOU, China, Aug. 20, 2026 /PRNewswire/ — Youdao, Inc. (“Youdao” or the “Company”) (NYSE: DAO), an AI solutions provider specializing in learning and advertising, today announced its unaudited financial results for the second quarter ended June 30, 2026.

Second Quarter 2026 Financial Highlights

Total net revenues were RMB1.5 billion (US$216.2 million), representing a 3.5% increase from the same period in 2025.
– Net revenues from learning services were RMB795.6 million (US$117.3 million), representing a 20.9% increase from the same period in 2025.
– Net revenues from smart devices were RMB86.8 million (US$12.8 million), representing a 31.5% decrease from the same period in 2025.
– Net revenues from online marketing services were RMB584.4 million (US$86.1 million), representing a 7.7% decrease from the same period in 2025.Gross margin was 48.9%, compared with 43.0% for the same period in 2025.Income from operations was RMB111.5 million (US$16.4 million), increasing by nearly 2.9 times from the same period in 2025.Basic and diluted net income per American depositary share (“ADS”) attributable to ordinary shareholders were RMB0.62 (US$0.09) and RMB0.61 (US$0.09), respectively, compared with basic and diluted net loss per ADS attributable to ordinary shareholders of RMB0.15 for the same period of 2025. Non-GAAP basic and diluted net income per ADS attributable to ordinary shareholders were RMB0.76 (US$0.11) and RMB0.75 (US$0.11), respectively, compared with RMB0.11 and RMB0.10 for the same period of 2025.

“We delivered another strong quarter, with continued revenue growth, record operating profit and robust operating cash flow, marking our eighth consecutive quarter of operating profitability,” said Dr. Feng Zhou, Chief Executive Officer and Director of Youdao. “These results reflect the progress we are making toward healthier and more sustainable growth.”

“AI is increasingly translating into tangible business results across Youdao. Learning services maintained strong growth, supported by Youdao Lingshi and our expanding portfolio of AI-driven subscription products, while our disciplined focus on higher-quality opportunities further improved the profitability of online marketing services. With the continued advancement of Confucius 4 and our AI Agent portfolio, we will deepen the application of AI across learning and advertising to enhance user experience, improve operating efficiency and drive sustainable growth,” Dr. Zhou concluded.

Second Quarter 2026 Financial Results

Net Revenues 

Net revenues for the second quarter of 2026 were RMB1.5 billion (US$216.2 million), representing a 3.5% increase from RMB1.4 billion for the same period of 2025.

Net revenues from learning services were RMB795.6 million (US$117.3 million) for the second quarter of 2026, representing a 20.9% increase from RMB657.8 million for the same period of 2025. The year-over-year increase was primarily driven by the strong momentum of tutoring services compared with the same period of 2025.

Net revenues from smart devices were RMB86.8 million (US$12.8 million) for the second quarter of 2026, representing a 31.5% decrease from RMB126.8 million for the same period of 2025, primarily due to a decline in demand for smart learning devices.

Net revenues from online marketing services were RMB584.4 million (US$86.1 million) for the second quarter of 2026, representing a 7.7% decrease from RMB632.9 million for the same period of 2025. The year-over-year decrease reflects Youdao’s disciplined, strategic approach to engagement acceptance, which places greater emphasis on higher ROI (return on investment) engagements. Youdao believes this strategy has enhanced the overall operational efficiency of its business.

Gross Profit and Gross Margin

Gross profit for the second quarter of 2026 was RMB716.9 million (US$105.7 million), representing a 17.6% increase from RMB609.4 million for the same period of 2025. Gross margin was 48.9% for the second quarter of 2026, compared with 43.0% for the same period of 2025.

Gross margin for learning services was 65.5% for the second quarter of 2026, compared with 59.8% for the same period of 2025. The improvement was primarily attributable to improved economies of scale resulting from increased revenues from learning services.

Gross margin for smart devices was 32.8% for the second quarter of 2026, compared with 41.5% for the same period of 2025. The decrease was mainly attributable to increased bill-of-materials cost for smart devices.

Gross margin for online marketing services was 28.7% for the second quarter of 2026, compared with 25.8% for the same period of 2025.

Operating Expenses

Total operating expenses for the second quarter of 2026 were RMB605.3 million (US$89.2 million), compared with RMB580.6 million for the same period of last year.

Sales and marketing expenses for the second quarter of 2026 were RMB424.1 million (US$62.5 million), representing an increase of 5.5% from RMB401.8 million for the same period of 2025. This increase was primarily driven by increased sales and marketing efforts associated with learning services.

Research and development expenses for the second quarter of 2026 were RMB142.0 million (US$20.9 million), representing an increase of 10.7% from RMB128.3 million for the same period of 2025. The increase was primarily driven by Youdao’s increased investments in cutting-edge AI technology to enhance product and service quality.

General and administrative expenses for the second quarter of 2026 were RMB39.2 million (US$5.8 million), representing a decrease of 22.3% from RMB50.4 million for the same period of 2025. The decrease was mainly attributable to a decrease in expected credit losses on the Company’s accounts receivables.

Income from Operations

As a result of the foregoing, income from operations for the second quarter of 2026 was RMB111.5 million (US$16.4 million), increasing by nearly 2.9 times from RMB28.8 million for the same period in 2025. The margin of income from operations was 7.6%, compared with 2.0% for the same period of last year.

Net Income/(Loss) Attributable to Youdao’s Ordinary Shareholders

Net income attributable to Youdao’s ordinary shareholders for the second quarter of 2026 was RMB73.8 million (US$10.9 million), compared with net loss attributable to Youdao’s ordinary shareholders of RMB17.8 million for the same period of last year. Non-GAAP net income attributable to Youdao’s ordinary shareholders for the second quarter of 2026 was RMB90.6 million (US$13.4 million), surging over sevenfold from RMB12.5 million for the same period of last year.

Basic and diluted net income per ADS attributable to ordinary shareholders for the second quarter of 2026 were RMB0.62 (US$0.09) and RMB0.61 (US$0.09), respectively, compared with basic and diluted net loss per ADS attributable to ordinary shareholders of RMB0.15 for the same period of 2025. Non-GAAP basic and diluted net income per ADS attributable to ordinary shareholders were RMB0.76 (US$0.11) and RMB0.75 (US$0.11), respectively, compared with RMB0.11 and RMB0.10 for the same period of 2025.

Other Information

As of June 30, 2026, Youdao’s cash, cash equivalents, current and non-current restricted cash, and short-term investments totaled RMB849.3 million (US$125.2 million), compared with RMB743.2 million as of December 31, 2025. For the second quarter of 2026, net cash provided by operating activities was RMB334.2 million (US$49.3 million). Youdao’s ability to continue as a going concern is dependent on management’s ability to implement an effective business plan amid a changing regulatory environment, generate operating cash flows, and secure external financing for future development. As of June 30, 2026, Youdao has received various forms of financial support from NetEase Group, including, among others, RMB878.0 million in a short-term loan, and US$118.9 million in long-term loans maturing on March 31, 2030, drawn from a US$300.0 million revolving loan facility.

As of June 30, 2026, the Company’s contract liabilities, which mainly consisted of deferred revenues generated from Youdao’s learning services, were RMB835.1 million (US$123.1 million), compared with RMB847.7 million as of December 31, 2025.

Share Repurchase Program

On November 17, 2022, the Company announced that its Board of Directors had authorized the Company to adopt a share repurchase program in accordance with applicable laws and regulations for up to US$20.0 million of its Class A ordinary shares (including in the form of ADSs) during a period of up to 36 months beginning on November 18, 2022. This amount was subsequently increased to US$40.0 million in August 2023. In November 2025 and August 2026, the Board approved amendments to this Program, each extending its expiration date by one year, ultimately to November 17, 2027. As of June 30, 2026, the Company had repurchased a total of approximately 7.5 million ADSs in the open market under the share repurchase program for a total consideration of approximately US$33.8 million.

Announcement on Change in Management

The Company also announced today that Mr. William Lei Ding has resigned from his position as a director of the Company’s Board of Directors, effective August 18, 2026, for personal reasons. Mr. Jinhai Chen was appointed as a director of the Company’s Board of Directors, effective August 18, 2026. 

Jinhai Chen currently serves as vice president of NetEase Cloud Music Inc. (HKEX: 9899). Prior to joining NetEase Cloud Music in 2020, Mr. Chen served as technical director at Tencent Holdings Limited from 2014 to 2020. Mr. Chen received his master’s degree in information and communication engineering from Harbin Institute of Technology.

Conference Call

Youdao’s management team will host a teleconference call with a simultaneous webcast at 6:00 a.m. Eastern Time on Thursday, August 20, 2026 (Beijing/Hong Kong Time: 6:00 p.m., Thursday, August 20, 2026). Youdao’s management will be on the call to discuss the financial results and answer questions.

Dial-in details for the earnings conference call are as follows:

United States (toll free):

+1-888-346-8982

International:

+1-412-902-4272

Mainland China (toll free):

400-120-1203

Hong Kong (toll free):    

800-905-945

Conference ID:

2290552

A live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.youdao.com.

A replay of the conference call will be accessible by phone one hour after the conclusion of the live call at the following numbers, until August 27, 2026:

United States:              

+1-855-669-9658

International:

+1-412-317-0088

Replay Access Code:

2290552

About Youdao, Inc. 

Youdao, Inc. (NYSE: DAO) is strategically positioned as an AI solutions provider specializing in learning and advertising. Youdao mainly offers learning services, online marketing services and smart devices – all powered by advanced technologies. Youdao was founded in 2006 as part of NetEase, Inc. (NASDAQ: NTES; HKEX: 9999), a leading internet technology company in China.

For more information, please visit: http://ir.youdao.com.

Non-GAAP Measures

Youdao considers and uses non-GAAP financial measures, such as non-GAAP net income attributable to the Company’s ordinary shareholders and non-GAAP basic and diluted net income per ADS, as supplemental metrics in reviewing and assessing its operating performance and formulating its business plan. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Youdao defines non-GAAP net income attributable to the Company’s ordinary shareholders as net income attributable to the Company’s ordinary shareholders excluding share-based compensation expenses, impairment of long-term investments, gain from fair value change of long-term investment and adjustment for GAAP to non-GAAP reconciling item for the loss/(income) attributable to noncontrolling interests. Non-GAAP net income attributable to the Company’s ordinary shareholders enables Youdao’s management to assess its operating results without considering the impact of these items, which are non-cash charges in nature. Youdao believes that these non-GAAP financial measures provide useful information to investors in understanding and evaluating the Company’s current operating performance and prospects in the same manner as management does, if they so choose.

Non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. Non-GAAP financial measures have limitations as analytical tools, which possibly do not reflect all items of expense that affect our operations. In addition, the non-GAAP financial measures Youdao uses may differ from the non-GAAP measures uses by other companies, including peer companies, and therefore their comparability may be limited.

For more information on these non-GAAP financial measures, please see the table captioned “Unaudited Reconciliation of GAAP and Non-GAAP Results” set forth at the end of this release.

The accompanying table has more details on the reconciliation between our GAAP financial measures that are mostly directly comparable to non-GAAP financial measures. Youdao encourages you to review its financial information in its entirety and not rely on a single financial measure.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB6.7851 to US$1.00, the exchange rate on June 30, 2026 set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred to could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Further information regarding such risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact:

In China:
Jeffrey Wang
Youdao, Inc.
Tel: +86-10-8255-8163 ext. 89980
E-mail: IR@rd.netease.com

Piacente Financial Communications
Helen Wu
Tel: +86-10-6508-0677
E-mail: youdao@thepiacentegroup.com

In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: youdao@thepiacentegroup.com

 

YOUDAO, INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(RMB and USD in thousands)

As of December 31,

As of June 30,

As of June 30,

2025

2026

2026

RMB

RMB

USD (1)

Assets

Current assets:

 Cash and cash equivalents

439,731

568,568

83,797

 Restricted cash

1,990

1,540

227

 Short-term investments

298,290

275,904

40,663

 Accounts receivable, net

381,243

332,255

48,968

 Inventories

140,776

114,043

16,808

 Amounts due from NetEase Group

321,359

261,066

38,476

 Prepayment and other current assets

139,117

141,119

20,799

Total current assets

1,722,506

1,694,495

249,738

Non-current assets:

 Property, equipment and software, net

44,603

37,837

5,576

 Operating lease right-of-use assets, net

46,943

60,493

8,916

 Long-term investments

19,811

15,025

2,214

 Goodwill

109,944

109,944

16,204

 Other assets, net

31,238

38,791

5,717

Total non-current assets

252,539

262,090

38,627

Total assets

1,975,045

1,956,585

288,365

Liabilities and Shareholders’ Deficit

Current liabilities:

 Accounts payables

110,003

65,844

9,704

 Payroll payable

294,824

235,696

34,737

 Amounts due to NetEase Group

22,818

18,712

2,758

 Contract liabilities

847,707

835,112

123,080

 Taxes payable

43,515

57,118

8,418

 Accrued liabilities and other payables

738,045

809,296

119,277

 Short-term loan from NetEase Group

878,000

878,000

129,401

Total current liabilities

2,934,912

2,899,778

427,375

Non-current liabilities:

 Long-term lease liabilities

18,840

27,447

4,045

 Long-term loans from NetEase Group

926,588

807,000

118,937

 Other non-current liabilities

28,802

29,150

4,296

Total non-current liabilities

974,230

863,597

127,278

Total liabilities

3,909,142

3,763,375

554,653

Shareholders’ deficit:

 Youdao’s shareholders’ deficit

(1,974,058)

(1,844,677)

(271,871)

 Noncontrolling interests

39,961

37,887

5,583

Total shareholders’ deficit

(1,934,097)

(1,806,790)

(266,288)

Total liabilities and shareholders’ deficit

1,975,045

1,956,585

288,365

Note 1:

The conversion of Renminbi (RMB) into United States dollars (USD) is based on the noon buying rate of USD1.00=RMB6.7851 on
the last trading day of June (June 30, 2026) as set forth in the H.10 statistical release of the U.S. Federal Reserve Board.

 

 

 

YOUDAO, INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(RMB and USD in thousands, except share and per ADS data)

Three Months Ended

Six Months Ended

June 30,

March 31,

June 30,

June 30,

June 30,

June 30,

2025

2026

2026

2026

2025

2026

RMB

RMB

RMB

USD (1)

RMB

RMB

Net revenues:

 Learning services

657,838

627,477

795,607

117,258

1,260,252

1,423,084

 Smart devices

126,821

109,405

86,822

12,796

317,319

196,227

 Online marketing services

632,882

611,140

584,432

86,135

1,138,232

1,195,572

Total net revenues

1,417,541

1,348,022

1,466,861

216,189

2,715,803

2,814,883

Cost of revenues (2)

(808,181)

(745,729)

(749,986)

(110,534)

(1,492,216)

(1,495,715)

Gross profit

609,360

602,293

716,875

105,655

1,223,587

1,319,168

Operating expenses:

 Sales and marketing expenses (2)

(401,826)

(382,183)

(424,104)

(62,505)

(759,467)

(806,287)

 Research and development expenses (2)

(128,321)

(115,371)

(142,043)

(20,935)

(243,795)

(257,414)

 General and administrative expenses (2)

(50,414)

(47,238)

(39,182)

(5,775)

(87,485)

(86,420)

Total operating expenses

(580,561)

(544,792)

(605,329)

(89,215)

(1,090,747)

(1,150,121)

Income from operations

28,799

57,501

111,546

16,440

132,840

169,047

 Interest income

628

935

907

134

1,145

1,842

 Interest expense

(16,566)

(13,609)

(12,073)

(1,779)

(32,670)

(25,682)

 Others, net

(29,118)

3,483

(11,376)

(1,677)

(30,078)

(7,893)

(Loss)/Income before tax

(16,257)

48,310

89,004

13,118

71,237

137,314

 Income tax expenses

(4,279)

(4,497)

(11,601)

(1,710)

(14,174)

(16,098)

Net (loss)/income

(20,536)

43,813

77,403

11,408

57,063

121,216

 Net loss/(income) attributable to noncontrolling
     interests

2,773

(5,236)

(3,616)

(533)

1,917

(8,852)

Net (loss)/income attributable to ordinary shareholders
    of the Company

(17,763)

38,577

73,787

10,875

58,980

112,364

Basic net (loss)/income per ADS

(0.15)

0.33

0.62

0.09

0.50

0.95

Diluted net (loss)/income per ADS

(0.15)

0.32

0.61

0.09

0.49

0.93

Shares used in computing basic net (loss)/income per ADS

117,868,295

118,671,804

118,907,994

118,907,994

117,732,413

118,790,556

Shares used in computing diluted net (loss)/income per ADS

117,868,295

120,444,180

120,626,317

120,626,317

119,583,256

120,535,906

Note 1:

The conversion of Renminbi (RMB) into United States dollars (USD) is based on the noon buying rate of USD1.00=RMB6.7851 on the last trading day of June (June 30, 2026) as set forth in the H.10 statistical release of the U.S. Federal Reserve Board.

Note 2:

Share-based compensation in each category:

     Cost of revenues

152

300

317

47

764

617

     Sales and marketing expenses

840

1,300

1,415

209

1,568

2,715

     Research and development expenses

2,898

4,781

7,350

1,083

5,250

12,131

     General and administrative expenses

2,695

2,241

3,389

499

4,233

5,630

     

 

 

YOUDAO, INC.

UNAUDITED ADDITIONAL INFORMATION

(RMB and USD in thousands)

Three Months Ended

Six Months Ended

June 30,

March 31,

June 30,

June 30,

June 30,

June 30,

2025

2026

2026

2026

2025

2026

RMB

RMB

RMB

USD

RMB

RMB

Net revenues

 Learning services

657,838

627,477

795,607

117,258

1,260,252

1,423,084

 Smart devices

126,821

109,405

86,822

12,796

317,319

196,227

 Online marketing services

632,882

611,140

584,432

86,135

1,138,232

1,195,572

Total net revenues

1,417,541

1,348,022

1,466,861

216,189

2,715,803

2,814,883

Cost of revenues

 Learning services

264,734

250,027

274,806

40,501

506,845

524,833

 Smart devices

74,135

65,713

58,346

8,599

164,986

124,059

 Online marketing services

469,312

429,989

416,834

61,434

820,385

846,823

Total cost of revenues

808,181

745,729

749,986

110,534

1,492,216

1,495,715

Gross margin

 Learning services

59.8 %

60.2 %

65.5 %

65.5 %

59.8 %

63.1 %

 Smart devices

41.5 %

39.9 %

32.8 %

32.8 %

48.0 %

36.8 %

 Online marketing services

25.8 %

29.6 %

28.7 %

28.7 %

27.9 %

29.2 %

Total gross margin

43.0 %

44.7 %

48.9 %

48.9 %

45.1 %

46.9 %

 

 

 

YOUDAO, INC.

UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS

(RMB and USD in thousands, except share and per ADS data)

Three Months Ended

Six Months Ended

June 30,

March 31,

June 30,

June 30,

June 30,

June 30,

2025

2026

2026

2026

2025

2026

RMB

RMB

RMB

USD

RMB

RMB

Net (loss)/income attributable to ordinary shareholders
    of the Company

(17,763)

38,577

73,787

10,875

58,980

112,364

Add: share-based compensation

6,585

8,622

12,471

1,838

11,815

21,093

         impairment of long-term investments

25,730

–

6,031

889

25,730

6,031

Less: gain from fair value change of long-term investment

(1,765)

(1,339)

–

–

(1,765)

(1,339)

Less: GAAP to non-GAAP reconciling item for the loss/(income)
    attributable to noncontrolling interests

(272)

(970)

(1,706)

(251)

(569)

(2,676)

Non-GAAP net income attributable to ordinary
    shareholders of the Company

12,515

44,890

90,583

13,351

94,191

135,473

Non-GAAP basic net income per ADS

0.11

0.38

0.76

0.11

0.80

1.14

Non-GAAP diluted net income per ADS

0.10

0.37

0.75

0.11

0.79

1.12

Shares used in computing non-GAAP basic net income per ADS

117,868,295

118,671,804

118,907,994

118,907,994

117,732,413

118,790,556

Shares used in computing non-GAAP diluted net income per ADS

119,660,859

120,444,180

120,626,317

120,626,317

119,583,256

120,535,906

 

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SOURCE Youdao, Inc.

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Together, Google Cloud and Altimetrik will put these capabilities to work by integrating AI with existing enterprise data, systems, and workflows for healthcare organizations. Combining Google Cloud’s advanced AI capabilities with Altimetrik’s healthcare domain expertise and enterprise engineering, the collaboration aims to streamline administrative processes, improve access to clinical and operational information, and support more effective care coordination.

Altimetrik will build and deploy these solutions using its ALTi AIOS™ framework, complementing Google Cloud’s technology with workflow orchestration, and governance. The framework incorporates agent permissions, auditability, and human oversight into solution design, enabling healthcare organizations to adopt agentic AI responsibly.

“Pilots are easy. Scaling is the hard part, especially when AI must operate within decades of established systems, data, and processes,” said Raj Sundaresan, CEO of Altimetrik. “In healthcare, AI must earn the trust of the people delivering care. Since joining Google Cloud’s AI-native partner cohort earlier this year, our forward-deployed engineers have been helping organizations move agentic AI from pilot to production through ALTi AIOS™, ensuring every agent is permissioned, auditable, and accountable. Gemini for healthcare provides a powerful foundation for the industry, and we are proud to build on that foundation as a launch partner, while keeping care teams firmly in control.”

“Healthcare organizations need solutions that bridge cutting-edge AI with day-to-day operational realities,” said Satish Thomas, Vice President, Google Cloud. “Our collaboration with Altimetrik brings Gemini directly into mission-critical workflows, helping healthcare leaders to streamline administrative processes, improve coordination, and make data more actionable.”

Altimetrik first partnered with Google Cloud earlier this year when it became a part of the company’s cohort of AI-native partners to scale agentic AI across the global enterprise.

Learn more about how Altimetrik is building governed, agentic solutions that help healthcare teams make more confident decisions.

About Altimetrik

Altimetrik is an AI engineering company helping some of the most revered and iconic enterprises modernize systems, data, and processes at the heart of their business, so they can move faster, operate more efficiently, and innovate continuously. Through ALTi AIOS™, its AI-native operating system, Altimetrik combines the latest AI capabilities with deep engineering expertise to help clients solve complex challenges, accelerate modernization, and deliver measurable outcomes at scale.

Altimetrik’s clients get access to the latest AI innovations while maintaining flexibility to choose the right technologies for their business, through trusted relationships with OpenAI, Google Gemini, Anthropic, Databricks, and major hyperscalers.

A member of the World Economic Forum’s Centre for AI Excellence, the Forum’s global hub for shaping responsible AI, Altimetrik is also recognized in the 2025 Constellation Research ShortList™ for Global AI Services and named a Major Contender in multiple Everest Group PEAK Matrix® assessments, including Software Product Engineering Services (2026), Enterprise Quality Engineering Services (2025), and Digital Engineering Services for BFSI and Life Sciences. Learn more at altimetrik.com.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/altimetrik-accelerates-enterprise-ai-transformation-with-google-clouds-gemini-for-healthcare-302935320.html

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20th Global Entrepreneurship Week China 2026 Kicks off in Shanghai

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SHANGHAI, Nov. 11, 2026 /PRNewswire/ — On November 10, 20th Global Entrepreneurship Week China 2026 (hereinafter referred to as “Entrepreneurship Week”) kicked off in Shanghai.

Running from November 10 to 14, 2026 for five days, this edition features more than 50 entrepreneurship events, bringing together over 100 distinguished global guests, representatives from nearly 500 cutting-edge tech enterprises and professional investment institutions, and more than 1,500 entrepreneurs.

By focusing on “Learning”, “Showcase”, “Matchmaking” and “Empowerment”, Global Entrepreneurship Week China builds an all-round entrepreneurship support ecosystem and creates an international platform for in-depth exchanges among entrepreneurs.

This year’s event further elevates its international profile. Jonathan Ortmans, Founder and President, Global Entrepreneurship Network, led a delegation of more than 20 international guests, including outstanding entrepreneur representatives and seasoned entrepreneurship mentors from the Republic of Korea, the United States, Chile, Germany, Egypt, New Zealand and other countries, to Global Entrepreneurship Week China, enabling Chinese and foreign entrepreneurs to share valuable experience from diverse entrepreneurial ecosystems with zero distance.

Taking the 20th anniversary as an opportunity, this year’s Entrepreneurship Week further highlights its role in disseminating innovative ideas. It features five themed days tailored to Shanghai’s industrial tracks, catering to the growth needs of entrepreneurs across the full lifecycle. Future Intelligence Day focuses on cutting-edge areas including intelligent computing, general AI, quantum technology and humanoid robots; Future Manufacturing & Materials Day focuses on sectors such as humanoid robots, precision intelligent equipment and flexible manufacturing; Future Energy Day focuses on controllable nuclear fusion, advanced nuclear energy, long-duration energy storage, hydrogen energy, solid-state batteries and other fields; Future Health Day covers tracks of brain-computer interface, cell and gene therapy, biomanufacturing and regenerative medicine; Angel Fund & Future Space Day centers on campus entrepreneurship, early-stage startup pitching, entrepreneurship research, commercial aerospace, low-altitude economy, future mobility and other themes.

More than 50 entrepreneurship activities including startup project pitching, achievement exhibitions, sci-tech innovation community exchanges, and cultural and sports interactions will be held successively on Fuxing Island. These activities build a platform for global entrepreneurs to connect technologies, capital and industrial resources, and the event will run through November 14.

View original content:https://www.prnewswire.com/news-releases/20th-global-entrepreneurship-week-china-2026-kicks-off-in-shanghai-302936055.html

SOURCE Global Entrepreneurship Week China

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Dragonpass Acquires iCoupon the Leading Global Voucher Redemption Network to Build International Loyalty-as-a-Service Platform

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November 11, 2026

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Strategic Acquisition Combines Dragonpass’ Loyalty Infrastructure, Powering 35 of the World’s 50 Largest Banks, With iCoupon’s Vouchering Technology Supporting Over One Billion Passengers

SINGAPORE, Nov. 11, 2026 /PRNewswire/ — Dragonpass, the global travel and lifestyle benefits platform serving more than 45 million members worldwide, has announced the acquisition of iCoupon, the intelligent digital vouchering technology business whose network spans over 400 airports worldwide. The transaction represents a strategic expansion of Dragonpass’ technology and distribution capabilities, combining established financial services relationships with extensive airline and retail integrations to accelerate its development of a global loyalty-as-a-service platform.

The acquisition follows almost a decade of commercial collaboration between the two businesses, initially focused on delivering digital dining benefits across airports. While Dragonpass has developed its global presence through partnerships with financial institutions, including some of the world’s largest banks and payment networks, iCoupon has built complementary infrastructure connecting 200 airlines, over 400 airports and 4,000 retail units across 56 countries. The combination creates immediate opportunities to expand dining and retail offerings, alongside access to previously untapped solutions and customer segments across both networks.

In the near term, Dragonpass will focus on extending its dining and retail propositions through iCoupon’s established network, while introducing additional Dragonpass services to iCoupon’s airline and airport partners. Longer term, the business will explore how transferable integrations can support a wider lifestyle offering beyond aviation, creating opportunities to deliver relevant benefits across more frequent customer interactions. iCoupon’s existing team will remain in place, with its open-network model continuing to operate, ensuring continuity for existing partners while supporting new opportunities across the combined business.

Dragonpass acquires iCoupon following nearly a decade of collaboration, expanding its financial services, aviation and retail capabilities.iCoupon’s network spans over 200 airlines, 400+ airports and over 4,000 retail units across 56 countries, with support already available to over one billion passengers.iCoupon issued over £100 million in digital vouchers in 2025, demonstrating the scale of its existing distribution and redemption infrastructure.Dragonpass research finds 50% of Britons consider loyalty schemes outdated, while 76% value affordable everyday treats.The deal strengthens dining and retail offerings in the near term, supporting Dragonpass’ wider ambition to build a global loyalty-as-a-service platform

Jane Zhu, CEO & Co-founder at Dragonpass, shares:

“The acquisition of iCoupon represents a significant step in our strategy to build a global loyalty-as-a-service platform. Having worked together for almost a decade, we recognise the strength of its technology and network, and the immediate opportunity to expand our dining and retail offering while exploring applications across new lifestyle markets.

“The future of loyalty lies in connecting customer intelligence with relevant benefits at scale. By bringing together complementary distribution networks and investing in more intelligent engagement technology, we’re building the infrastructure to help our partners deliver greater value to customers, precisely when they need it.”

iCoupon’s technology enables airlines and other partners to distribute vouchers, discounts and customer entitlements through existing identifiers, including boarding passes, barcodes and QR codes. Integrated directly into participating retailers’ point-of-sale systems, its platform supports real-time redemption, transaction tracking and automated reconciliation. Having issued over £100 million in digital vouchers during 2025, including 12 million food and beverage entitlements, iCoupon has expanded into 13 technology modules spanning passenger care, retail and other travel services, providing Dragonpass with additional capabilities and new commercial opportunities.

Richard Bye, CEO and Co-founder at iCoupon, shares:

“For too long, loyalty has been constrained by fragmented ecosystems, disconnected rewards and experiences that often fail to reflect what customers genuinely value. This acquisition is about helping accelerate a shift away from traditional points-based programmes towards real-time, contextual engagement that delivers meaningful benefits exactly when and where they matter most. By combining Dragonpass’ global distribution and customer intelligence capabilities with iCoupon’s powerful airline connected redemption infrastructure, we are creating the foundations for a new generation of loyalty; one that is intelligent, frictionless and seamlessly embedded into the everyday lives of consumers around the world.”

Dragonpass’ nationally representative Comfort Index finds 50% of Brits consider loyalty schemes outdated, revealing the mounting pressure on traditional loyal models to demonstrate value while 48% of Brits are more likely to switch long-term providers due to rising costs, poor support or irrelevant rewards. Meanwhile, 69% say brands that reduce everyday friction are more likely to earn their loyalty. Demand for practical benefits is also growing, with 76% valuing affordable everyday treats, despite 56% worrying about the cost of dining, drinks and experiences.

This expansion forms part of Dragonpass’ broader investment in data orchestration and customer engagement technology. By connecting a wider global benefits supply chain with more intelligent distribution and personalisation capabilities, the company aims to address a longstanding challenge for enterprise loyalty programmes: sourcing relevant benefits across markets and delivering them through a seamless customer experience. Its longer-term strategy is to enable financial institutions, airlines and other partners to move beyond static rewards catalogues, offering benefits aligned with individual customer needs, while strengthening engagement and commercial value across its network.

About Dragonpass

Established in 2005, Dragonpass is a leading global travel and lifestyle platform, providing premium benefits and experiences to more than 45 million members worldwide. Its growing ecosystem spans travel, health and wellness, lifestyle and entertainment, with a global network covering more than 140 countries and regions and partnerships with more than 800 enterprises.

About iCoupon

iCoupon is a market-leading intelligent vouchering company with a global presence, specialising in the provision of digital vouchering services within the aviation industry and beyond. Collaborating with an extensive network of more than 200 airlines, spanning over 400 airports and in excess of 4,000 retail establishments, the company’s aim is to share value and place it where it counts. iCoupon leverages its unique technology to facilitate the seamless distribution of intelligent vouchers by airlines, airports, ground handlers and retailers directly to passenger boarding passes, enhancing the value-sharing experience.

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SOURCE Dragonpass

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