Benzinga | Nov 17, 2021 05:33AM EST

Youdao Announced it Will be Added to MSCI China All Shares Small Cap Index PR Newswire - Nov 17 05:30 EDT

Youdao, Inc. ("Youdao" or the "Company") (NYSE:DAO), a leading intelligent learning company in China, announced today that the Company's stock will be added to the MSCI China All Shares Small Cap Index, effective as of market close on November 30, 2021.

The MSCI China Small Cap Index is an equity index compiled by MSCI Inc., a leading provider of research-based indexes and analytics, and is designed to measure the performance of the small-cap segment of the China market. The index has been widely recognized as a benchmark for global institutional investors to optimize their investment portfolios.

The inclusion of Youdao in the MSCI China All Shares Small Cap Index reflects the recognition of the Company's business performance and growth potential by global investors, which will help enhance the Company's visibility and stock liquidity.