Brushed Student Counts and Cooked Books: Why We Believe GSX Techedu is the Worst Publicly Traded Education Company

View Full Report (PDF) • GSX Techedu Inc. (NYSE: GSX) (“GSX Techedu” or “GSX”) is portrayed as a rising star in China’s online education space, having seen its stock more than triple since its NYSE IPO in June 2019. • GSX reports financials to the SEC that we believe are simply too good to be true. Our extensive research including review of PRC Credit Reports, SAIC filings, and web analysis indicate to us that GSX’s success is actually based on a fraudulent scheme. • PRC Credit Reports suggest that the company has been drastically overstating its profitability in its US … Continue reading Brushed Student Counts and Cooked Books: Why We Believe GSX Techedu is the Worst Publicly Traded Education Company