Gaotu Techedu
EdtechChina
New to Unitard
π Public < $1B
PeakΒ $13 BillionToday
β96%
from peak
- π¦Became a unicorn2020
- πPeak valuation$13 Billion β21
- πBecame a Unitard2021
- πΈLast valuation~$517M
Current status
Public (GOTU)
Live Β· GOTUΒ· NYSE
as of 2026-09-21
$2.20β² 6.80% today
βΒ $517 Million market cap Β· β96.0% from peak
The rise & fall
7 moments Β· 2014β2021The key moments.
2014
2014
Founded by Larry Chen
The former New Oriental executive builds an online tutoring company for China's after-school boom.
Wikipedia
2020
2020
Joins the unicorn club
Pandemic-era online schooling sends the stock vertical, making GSX one of China's most valuable edtech companies.
SCMP
Jan 2021
Jan 2021
The peak: ~$13B$13B
The stock tops out in the online-schooling frenzy.
SCMP
Mar 2021
Mar 2021
The Archegos fire sale
The collapse of Archegos Capital dumps huge blocks of GSX stock on the market, accelerating the slide.
Bloomberg
Jul 2021
Jul 2021
The 'double reduction' crackdown
China bans for-profit tutoring in core school subjects, devastating the entire after-school sector.
SCMP
2021
2021
Slips out of the club
Regulation guts the business model; the market value falls roughly 93%, leaving a sub-$1B small-cap.
SCMP
Today
Today
Still in the club β and still trading
Live Β· GOTU Β· NYSEas of 2026-09-21
$2.20β² 6.80% todayβ $517M cap Β· β96.0% from peak
How it happened
Gaotu Techedu (formerly GSX/Gaotu) was a Chinese online tutoring company that reached a ~$13B valuation in 2021. China's 2021 'double reduction' crackdown on for-profit private tutoring devastated the after-school education sector and its business model. Combined with broader post-IPO declines, its market value fell roughly 93%, leaving it a sub-$1B small-cap.
Source: SCMP; 2021 crackdown
Founder
- Larry Chen (Larry Xiangdong Chen)founder & CEO (since 2014)
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
