{"id":803,"date":"2021-09-24T10:00:00","date_gmt":"2021-09-24T10:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3518187_CN18187_0"},"modified":"2021-09-24T10:00:00","modified_gmt":"2021-09-24T10:00:00","slug":"tarena-international-inc-announces-the-results-for-the-second-quarter-of-2021","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=803","title":{"rendered":"Tarena International, Inc. Announces the Results for the Second Quarter of 2021"},"content":{"rendered":"<div id=\"dvContent\" readability=\"469.45333563775\">\n<p><span class=\"xn-location\">BEIJING<\/span>, <span class=\"xn-chron\">Sept. 24, 2021<\/span> \/PRNewswire\/ &#8212;&nbsp;Tarena International, Inc. (NASDAQ: TEDU) (&#8220;Tarena&#8221; or the &#8220;Company&#8221;), a leading provider of adult professional education and childhood &amp; adolescent&nbsp;quality education services in <span class=\"xn-location\">China<\/span>, today announced its unaudited financial results for the&nbsp;second quarter ended <span class=\"xn-chron\">June 30, 2021<\/span>.<\/p>\n<p><b>Highlights for the Second Quarter of 2021&nbsp;&nbsp; <\/b><\/p>\n<ul type=\"disc\">\n<li>Net revenues increased by&nbsp;75.5% year-over-year to <span class=\"xn-money\">RMB582.3 million<\/span> (<span class=\"xn-money\">US$90.2 million<\/span>),&nbsp;from <span class=\"xn-money\">RMB331.8 million<\/span> in the same period of 2020. <\/li>\n<li>Net revenue from adult professional education business, which represented 50.3% of the total net revenues, increased by 22.3% year-over-year to <span class=\"xn-money\">RMB292.9 million<\/span> (<span class=\"xn-money\">US$45.4 million<\/span>), from <span class=\"xn-money\">RMB239.4 million<\/span> in the same period of 2020. <\/li>\n<li>Net revenue from childhood &amp; adolescent quality education business, which represented 49.7% of the total net revenues, increased by 213.2% year-over-year to <span class=\"xn-money\">RMB289.4 million<\/span> (<span class=\"xn-money\">US$44.8 million<\/span>), from <span class=\"xn-money\">RMB92.4 million<\/span> in the same period of 2020.&nbsp; <\/li>\n<li>Gross profit increased by 211.0%&nbsp;year-over-year to <span class=\"xn-money\">RMB294<\/span>.4&nbsp;million (<span class=\"xn-money\">US$45.6 million<\/span>), from <span class=\"xn-money\">RMB94.7 million<\/span> in the same period of 2020. <\/li>\n<li>Gross profit margin increased by 22.1% points year-over-year to 50.6%, from 28.5%&nbsp;in the same period of 2020. <\/li>\n<li>Operating loss decreased by 69.2%&nbsp;to a loss of <span class=\"xn-money\">RMB90.7 million<\/span> (<span class=\"xn-money\">US$14<\/span>.0&nbsp;million), from a loss of&nbsp;RMB294.9 million&nbsp;in the same period of 2020. <\/li>\n<li>Non-GAAP operating loss, which excluded share-based compensation expenses, was <span class=\"xn-money\">RMB86.6 million<\/span> (<span class=\"xn-money\">US$13.4 million<\/span>), compared to non-GAAP operating loss of <span class=\"xn-money\">RMB282.7 million<\/span> in the same period of 2020. <\/li>\n<li>Net loss was&nbsp;RMB76.7&nbsp;million (<span class=\"xn-money\">US$11.9 million<\/span>), compared to net&nbsp;loss of&nbsp;RMB267.6 million in the same period of 2020. <\/li>\n<li>Non-GAAP net loss, which excluded share-based compensation expenses, was <span class=\"xn-money\">RMB72.5 million<\/span> (<span class=\"xn-money\">US$11.2 million<\/span>), compared to non-GAAP net loss of <span class=\"xn-money\">RMB255.4 million<\/span> in the same period of 2020. <\/li>\n<li>Basic and diluted loss per American Depositary Share (&#8220;ADS&#8221;) was <span class=\"xn-money\">RMB1.39<\/span> <span class=\"xn-money\">(US$0.22)<\/span>, compared to loss per ADS of <span class=\"xn-money\">RMB4.92<\/span> in the second quarter of 2020. <\/li>\n<li>Cash, cash equivalents and time deposits, including current and non-current, and restricted cash totaled <span class=\"xn-money\">RMB295.9 million<\/span> (<span class=\"xn-money\">US$45.8 million<\/span>) as of <span class=\"xn-chron\">June 30, 2021<\/span>, compared to <span class=\"xn-money\">RMB364.8 million<\/span> as of <span class=\"xn-chron\">December 31, 2020<\/span>. <\/li>\n<li>Net cash outflow from operating activities in the second quarter of 2021 was <span class=\"xn-money\">RMB47.5 million<\/span> (<span class=\"xn-money\">US$7.4 million<\/span>). Net cash inflow from investing activities in the second quarter of 2021 was <span class=\"xn-money\">RMB30.4 million<\/span> (<span class=\"xn-money\">US$4.7 million<\/span>). <\/li>\n<li>Deferred revenue totaled <span class=\"xn-money\">RMB2,063<\/span>.1&nbsp;million (<span class=\"xn-money\">US$319<\/span>.5&nbsp;million) as of <span class=\"xn-chron\">June 30, 2021<\/span>, compared to <span class=\"xn-money\">RMB1,998.2 million<\/span> as of <span class=\"xn-chron\">December 31, 2020<\/span>, representing an increase of 3.2%. <\/li>\n<li>Total student enrollments in adult professional education business, defined as the total number of courses enrolled by students during that period, including multiple courses enrolled by the same student, in the second quarter of 2021&nbsp;decreased by 14.8%&nbsp;year-over-year to 31,100. <\/li>\n<li>Total number of learning centers in adult professional education decreased to 99 as of <span class=\"xn-chron\">June 30, 2021<\/span>, from 108 as of <span class=\"xn-chron\">June 30, 2020<\/span>. <\/li>\n<li>Total student enrollments in childhood &amp; adolescent&nbsp;quality education business, defined as the total number of students who attended at least one paid lesson during that period or have deposit balances in their accounts at the end of that period, in the second quarter of 2021 reached 140,200, increased by 40.2%, compared to the student enrollments of 100,000&nbsp;in the same period of 2020. <\/li>\n<li>Total number of learning centers in childhood &amp; adolescent&nbsp;quality education increased to 235 as of <span class=\"xn-chron\">June 30, 2021<\/span>, from 232 as of <span class=\"xn-chron\">June 30, 2020<\/span>.<\/li>\n<\/ul>\n<p><b>Highlights for the Six Months Ended <span class=\"xn-chron\">June 30, 2021<\/span><\/b><\/p>\n<ul type=\"disc\">\n<li>Net revenues increased by 78.0% year-over-year to <span class=\"xn-money\">RMB1,116.0 million<\/span> (<span class=\"xn-money\">US$172.8 million<\/span>),&nbsp;from <span class=\"xn-money\">RMB626.8 million<\/span> in the same period in 2020. <\/li>\n<li>Net revenue from adult professional education business, which represented 49.1% of the total net revenues, increased by 21.2% year-over-year to <span class=\"xn-money\">RMB548.3 million<\/span> (<span class=\"xn-money\">US$84.9 million<\/span>), from <span class=\"xn-money\">RMB452.5 million<\/span> in the same period of 2020 <\/li>\n<li>Net revenue from childhood &amp; adolescent quality education business, which represented 50.9% of the total net revenues increased by 225.7% year-over-year to <span class=\"xn-money\">RMB567.7 million<\/span> (<span class=\"xn-money\">US$87.9 million<\/span>), from <span class=\"xn-money\">RMB174.3 million<\/span> in the same period of 2020 <\/li>\n<li>Gross profit increased by 345.1% year-over-year to <span class=\"xn-money\">RMB544.3 million<\/span> (<span class=\"xn-money\">US$84.3 million<\/span>), from <span class=\"xn-money\">RMB122.3 million<\/span> in the same period in 2020. <\/li>\n<li>Gross profit margin increased by 29.3% points year-over-year to 48.8%, from 19.5% in the same period of 2020. <\/li>\n<li>Operating loss was <span class=\"xn-money\">RMB220.2 million<\/span> (<span class=\"xn-money\">US$34.1 million<\/span>), compared to operating loss of&nbsp;RMB664.7&nbsp;million&nbsp;in the same period in 2020. <\/li>\n<li>Non-GAAP operating loss, which excluded share-based compensation expenses, was <span class=\"xn-money\">RMB209.2 million<\/span> (<span class=\"xn-money\">US$32.4 million<\/span>), compared to non-GAAP operating loss of <span class=\"xn-money\">RMB643.4 million<\/span> in the same period in 2020. <\/li>\n<li>Net loss was&nbsp;RMB198.5&nbsp;million (<span class=\"xn-money\">US$30.7 million<\/span>), compared to net&nbsp;loss of&nbsp;RMB612.6&nbsp;million in the same period in 2020. <\/li>\n<li>Non-GAAP net loss, which excluded share-based compensation expenses, was <span class=\"xn-money\">RMB187.5 million<\/span> (<span class=\"xn-money\">US$29.0 million<\/span>), compared to non-GAAP net loss of <span class=\"xn-money\">RMB591.3 million<\/span> in the same period in 2020. <\/li>\n<li>Basic and diluted loss per American Depositary Share (&#8220;ADS&#8221;) was <span class=\"xn-money\">RMB3.56<\/span> <span class=\"xn-money\">(US$0.55)<\/span>.&nbsp; <\/li>\n<li>Total student enrollments in adult professional education business, defined as the total number of courses enrolled by students during that period, including multiple courses enrolled by the same student, in the first half of 2021&nbsp;decreased by 16.1% year-over-year to 43,300. <\/li>\n<li>Total student enrollments in childhood &amp; adolescent quality education business, defined as the total number of students who attended at least one paid lesson during that period or have deposit balances in their accounts at the end of that period, in the first half of 2021 reached 147,800, increased by 40.1%, compared to the student enrollments of 105,500 in the same period of 2020.<\/li>\n<\/ul>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"7.5\">\n<tr>\n<td colspan=\"14\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Key Financial Results<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"14\" class=\"prngen3\"><\/td>\n<\/tr>\n<tr readability=\"8\">\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"4\" class=\"prngen5\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For&nbsp;the&nbsp;Three&nbsp;Months&nbsp;Ended <\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>June&nbsp;30,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Variance<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>% of <br \/>change<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"4\" class=\"prngen5\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For&nbsp;the&nbsp;Six&nbsp;Months&nbsp;Ended <\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>June&nbsp;30,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Variance<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>% of <br \/>change<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prnsbts prnsbr1 prnvab prnsbbs prntac prnpl6 prnsbl1 prnpr14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen6\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen6\"><\/td>\n<td class=\"prngen4\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\"><\/td>\n<td colspan=\"12\" class=\"prngen10\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(in thousands, except for percentages)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net revenues<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>331,833<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>582,258<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>250,425<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>75.5<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>626,826<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,116,044<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>489,218<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>78.0<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Cost of revenues<\/b><b><sup>(a)<\/sup><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(237,167)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(287,878)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(50,711)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>21.4<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(504,526)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(571,722)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(67,196)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>13.3<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Gross profit<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>94,666<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>294,380<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>199,714<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>211.0<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>122,300<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>544,322<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>422,022<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>345.1<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Gross margin<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>28.5%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>50.6%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>22.1%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>19.5%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>48.8%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>29.3%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Selling and marketing <br \/>expenses<sup>(a)<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(206,254)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(218,876)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(12,622)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6.1<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(443,784)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(432,632)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11,152<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-2.5<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">General and administrative<br \/>expenses<sup>(a)<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(151,585)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(142,820)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,765<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-5.8<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(292,224)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(286,012)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,212<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-2.1<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Research and development <br \/>expenses<sup>(a)<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(31,681)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(23,415)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,266<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-26.1<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(50,963)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(45,882)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,081<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-10.0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total operating expenses<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(389,520)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(385,111)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>4,409<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>-1.1<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(786,971)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(764,526)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>22,445<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>-2.9<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Operating loss<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(294,854)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(90,731)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>204,123<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>-69.2<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(664,671)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(220,204)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>444,467<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>-66.9<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><b>Notes:<\/b><\/p>\n<p>(a)&nbsp;&nbsp; Includes share-based compensation expenses.<\/p>\n<p>&#8221; Despite some areas in <span class=\"xn-location\">China<\/span> were still experiencing the negative impact from sporadic occurrences of COVID-19 cases, thanks to the effective prevention controls implemented by the government, which have successfully alleviated the further spread of the pandemic in <span class=\"xn-location\">China<\/span>. We are delighted to see that our total net revenues have achieved a continued growth in the second quarter of this year. The total net revenues increased by 75.5%, to <span class=\"xn-money\">RMB582.3 million<\/span> in the second quarter of 2021 from <span class=\"xn-money\">RMB331.8 million<\/span> in the same period of 2020. The total net revenues generated in the second quarter of this year were in line with the revenue guidance we gave in the last quarter. The gross profit margin increased by 22.1 percentage points year-over-year to 50.6% in the second quarter of 2021 from 28.5% in the same period of 2020. Net revenues from childhood &amp; adolescent quality education business increased by 213.2% to <span class=\"xn-money\">RMB289.4 million<\/span> in the second quarter of 2021 from <span class=\"xn-money\">RMB92.4 million<\/span> in the same period of 2020. The number of student enrollments increased by 40.2% to 140,200 in the second quarter of 2021 from 100,000 in the same period of 2020. The core strategies of our adult professional education business are to maintain a stable growth as well as improve our operational efficiency. Net revenues from adult professional education business increased by 22.3% to <span class=\"xn-money\">RMB292.9 million<\/span> in the second quarter of 2021 from <span class=\"xn-money\">RMB239.4 million<\/span> in the same period of 2020. The number of student enrollments decreased by 14.8% year-over-year to 31,100 in the second quarter of 2021 mainly because we have ceased the operation of nine under-performing adult learning centers since <span class=\"xn-chron\">June 30, 2020<\/span>. The operating loss decreased by 69.2% to a loss of <span class=\"xn-money\">RMB90.7 million<\/span> in the second quarter of 2021, from <span class=\"xn-money\">RMB294.9 million<\/span> in the same period of 2020. The net loss decreased by 71.3% to <span class=\"xn-money\">RMB76.7million<\/span> in the second quarter of 2021 from <span class=\"xn-money\">RMB267.6 million<\/span> in the same quarter of 2020. These were mainly attributable to the significant growth in total net revenues, continuous enhancement of operational efficiency and execution of cost and expenses optimization in the second quarter of this year.&#8221; remarked Ms. <span class=\"xn-person\">Ying Sun<\/span>, the Chief Executive Officer of Tarena.&nbsp;<\/p>\n<p>&#8220;Looking ahead, we will continue to upgrade the quality of our comprehensive products and services and uplift our operational efficiencies. With the introduction of the new regulations on the education industry announced by the Chinese government, we expect that we can continue to maintain a sustainable growth in our adult professional education and childhood &amp; adolescent quality education businesses.&#8221; concluded Ms. Sun.<\/p>\n<p><b>Financial Results for the Second Quarter of 2021<\/b><\/p>\n<p><b><i>Net Revenues<\/i><\/b><\/p>\n<p>Total net revenues increased by 75.5%&nbsp;to <span class=\"xn-money\">RMB582<\/span>.3&nbsp;million (<span class=\"xn-money\">US$90<\/span>.2&nbsp;million) in the second quarter of 2021, from <span class=\"xn-money\">RMB331.8 million<\/span> in the same period of 2020. <\/p>\n<p>Net revenue from adult professional education business increased by 22.3%&nbsp;to <span class=\"xn-money\">RMB292.9 million<\/span> (<span class=\"xn-money\">US$45.4 million<\/span>) in the second quarter of 2021, from <span class=\"xn-money\">RMB239.4 million<\/span> in same period of 2020. The increase was primarily due to the increase in class consumption rate and the alleviation of the negative impact from COVID-19 in the second quarter of 2021 as compared to the same period of 2020.<\/p>\n<p>Net revenue from childhood &amp; adolescent&nbsp;quality education business increased by 213.2%&nbsp;to <span class=\"xn-money\">RMB289.4 million<\/span> (<span class=\"xn-money\">US$44.8 million<\/span>) in the second quarter of 2021, from <span class=\"xn-money\">RMB92.4 million<\/span> in same period of 2020. The increase was primarily due to the increase in student enrollment of childhood &amp; adolescent quality education from 100,000 in the second quarter of 2020 to 140,200 in the same period of 2021 and the alleviation of the negative impact from COVID-19 in the second quarter of 2021 as compared to the same period of 2020.<\/p>\n<p><b><i>Cost of Revenues<\/i><\/b><\/p>\n<p>Cost of revenues&nbsp;increased by 21.4%&nbsp;to <span class=\"xn-money\">RMB287<\/span>.9&nbsp;million (<span class=\"xn-money\">US$44<\/span>.6&nbsp;million) in the second quarter of 2021, from <span class=\"xn-money\">RMB237.2 million<\/span> in the same period of 2020. The increase was primarily due to an increase in personnel-related costs and social security fees resulting from growing number of teaching staffs at our childhood &amp; adolescent quality education learning centers.<\/p>\n<p><b><i>Gross Profit and Gross Margin<\/i><\/b><\/p>\n<p>Gross profit increased by 211.0%&nbsp;to <span class=\"xn-money\">RMB294.4 million<\/span> (<span class=\"xn-money\">US$45.6 million<\/span>) in the second quarter of 2021, from <span class=\"xn-money\">RMB94.7 million<\/span> in the same period of 2020. Gross margin, which is equal to gross profit divided by net revenues, was 50.6%&nbsp;in the second quarter of 2021, compared to 28.5% in the same period of 2020. The increase in gross margin was primarily because the increase in net revenue outweighed the increase in cost of revenue in the second quarter of 2021. <\/p>\n<p><b><i>Operating Expenses<\/i><\/b><\/p>\n<p>Total operating expenses decreased by 1.1%&nbsp;to <span class=\"xn-money\">RMB385<\/span>.1&nbsp;million (<span class=\"xn-money\">US$59.6 million<\/span>) in the second quarter of 2021, from <span class=\"xn-money\">RMB389<\/span>.5&nbsp;million in the same period of 2020. Total non-GAAP operating expenses, which excluded share-based compensation expenses, increased by 1.0%&nbsp;to <span class=\"xn-money\">RMB381<\/span>.2&nbsp;million (<span class=\"xn-money\">US$59.0 million<\/span>) in the second quarter of 2021, from <span class=\"xn-money\">RMB377.5 million<\/span> in the same period of 2020. Total share-based compensation expenses allocated to the related operating expenses decreased by 67.1%&nbsp;to <span class=\"xn-money\">RMB3.9 million<\/span> (<span class=\"xn-money\">US$0<\/span>.6&nbsp;million) in the second quarter of 2021, from <span class=\"xn-money\">RMB12.0 million<\/span> in the same period of 2020.<\/p>\n<p>Selling and marketing expenses increased by 6.1%&nbsp;to <span class=\"xn-money\">RMB218.9 million<\/span> (<span class=\"xn-money\">US$33.9 million<\/span>) in the second quarter of 2021, from&nbsp;RMB206.3&nbsp;million in the same period of 2020.&nbsp;The increase was mainly due to the increase in spending on marketing and promotional activities in the second quarter of 2021 as compared to the marketing and promotional expenses incurred in the same period of 2020.<\/p>\n<p>General and administrative expenses decreased by 5.8% to <span class=\"xn-money\">RMB142<\/span>.8&nbsp;million (<span class=\"xn-money\">US$22.1 million<\/span>) in the second quarter of 2021, from <span class=\"xn-money\">RMB151.6 million<\/span> in the same period of 2020. The decrease was mainly due to the decrease of one-time professional expenses related to financial restatement and internal control improvement advisory incurred in the same period of last year, partially offset by the loss on disposal of property and the increase of the employees&#8217; social security fees which were exempted according to the preferential policies enacted by the government during COVID-19 pandemic in the second quarter of 2020 but were not exempted in the second quarter of 2021. <\/p>\n<p>Research and development expenses decreased by 26.1%&nbsp;to <span class=\"xn-money\">RMB23<\/span>.4&nbsp;million (<span class=\"xn-money\">US$3.6 million<\/span>) in the second quarter of 2021, from <span class=\"xn-money\">RMB31<\/span>.7&nbsp;million in the same period of 2020.&nbsp;The decrease was mainly due to the decrease in personnel-related costs and welfare expenses as the&nbsp;number of staffs decreased. <\/p>\n<p><b><i>Operating Loss<\/i><\/b><\/p>\n<p>Operating loss was <span class=\"xn-money\">RMB90.7 million<\/span> (<span class=\"xn-money\">US$14.0 million<\/span>) in the second quarter of 2021, compared to operating loss of <span class=\"xn-money\">RMB294<\/span>.9&nbsp;million in the same period of 2020. Non-GAAP operating loss, which excluded share-based compensation expenses, was <span class=\"xn-money\">RMB86<\/span>.6&nbsp;million (<span class=\"xn-money\">US$13.4 million<\/span>) in the second quarter of 2021, compared to non-GAAP operating loss of <span class=\"xn-money\">RMB282.7 million<\/span> in the same period of 2020.<\/p>\n<p><b><i>Interest Income \/ (Expense) <\/i><\/b><\/p>\n<p>Net interest income was <span class=\"xn-money\">RMB0.6 million<\/span> (<span class=\"xn-money\">US$0.1 million<\/span>) in the second quarter of 2021, compared to net interest expense of <span class=\"xn-money\">RMB0.6 million<\/span> in the same period of 2020. Interest income in both periods consisted of interest earned on our cash, cash equivalents and time deposits in commercial banks and interest income recognized in relation to our installment payment plan for students. Interest expense decreased in the second quarter of 2021 as compared to the same period of 2020 was mainly because the bank loans were fully repaid in February of 2021.<\/p>\n<p><b><i>Other Income<\/i><\/b><\/p>\n<p>Other income was <span class=\"xn-money\">RMB0.8 million<\/span> (<span class=\"xn-money\">US$0<\/span>.1&nbsp;million) in the second quarter of 2021, compared to other income of <span class=\"xn-money\">RMB0.09 million<\/span> in the same period of 2020.&nbsp;The income was mostly from government grant offered to our learning centers.<\/p>\n<p><b><i>Foreign Exchange Gain \/ (Loss)<\/i><\/b><\/p>\n<p>Foreign exchange gain was <span class=\"xn-money\">RMB0<\/span>.4&nbsp;million (<span class=\"xn-money\">US$0.1 million<\/span>) in the second quarter of 2021, compared to foreign exchange loss of <span class=\"xn-money\">RMB0.6 million<\/span> in the same period of 2020.<\/p>\n<p><b><i>Income Tax Benefit<\/i><\/b><b><i>&nbsp;<\/i><\/b><\/p>\n<p>The Company recorded an income tax benefit of <span class=\"xn-money\">RMB12<\/span>.3&nbsp;million (<span class=\"xn-money\">US$1.9 million<\/span>) in the second quarter of 2021, compared to income tax benefit of <span class=\"xn-money\">RMB28.4 million<\/span> in the same period of 2020. <\/p>\n<p><b><i>Net Loss <\/i><\/b><\/p>\n<p>As a result of the foregoing, net loss was <span class=\"xn-money\">RMB76.7 million<\/span> (<span class=\"xn-money\">US$11.9 million<\/span>) in the second quarter of 2021, compared to net loss of <span class=\"xn-money\">RMB267<\/span>.6&nbsp;million in the same period of 2020. Non-GAAP net loss, which excluded share-based compensation expenses, was <span class=\"xn-money\">RMB72<\/span>.5&nbsp;million (<span class=\"xn-money\">US$11.2 million<\/span>) in the second quarter of 2021, compared to non-GAAP net loss of <span class=\"xn-money\">RMB255.4 million<\/span> in the same period of 2020.<\/p>\n<p><b><i>Basic and Diluted Loss per ADS<\/i><\/b><\/p>\n<p>Loss per ADS was <span class=\"xn-money\">RMB1<\/span>.39&nbsp;(US$0.22) in the second quarter of 2021, compared to loss per ADS of <span class=\"xn-money\">RMB4<\/span>.92&nbsp;in the second quarter of 2020. Non-GAAP loss per ADS, which excluded share-based compensation expenses, was <span class=\"xn-money\">RMB1.32<\/span> <span class=\"xn-money\">(US$0.20)<\/span> in the second quarter of 2021, compared to non-GAAP loss per ADS of <span class=\"xn-money\">RMB4<\/span>.70&nbsp;in the second quarter of 2020.<\/p>\n<p><b><i>Cash Flow<\/i><\/b><\/p>\n<p>Net cash outflow used in operating activities in the second quarter of 2021 was <span class=\"xn-money\">RMB47<\/span>.5&nbsp;million (<span class=\"xn-money\">US$7<\/span>.4&nbsp;million). Net cash inflow from investing activities of <span class=\"xn-money\">RMB30.4 million<\/span> (<span class=\"xn-money\">US$4.7 million<\/span>) in the second quarter of 2021 was mainly due to the proceeds of <span class=\"xn-money\">RMB46.0 million<\/span> (<span class=\"xn-money\">US$7.1 million<\/span>) received from disposal of property and <span class=\"xn-money\">RMB0.5 million<\/span> (<span class=\"xn-money\">US$0.1 million<\/span>) received from disposal of office equipment, minus the spending of <span class=\"xn-money\">RMB16.5 million<\/span> (<span class=\"xn-money\">US$2.6 million<\/span>) on leasehold improvement and office&nbsp;equipment.&nbsp;<\/p>\n<p><b>Financial Results for the Six Months Ended <span class=\"xn-chron\">June 30, 2021<\/span><\/b><\/p>\n<p><b><i>Net Revenues<\/i><\/b><\/p>\n<p>Total net revenues increased&nbsp;by 78.0% to <span class=\"xn-money\">RMB1,116.0 million<\/span> (<span class=\"xn-money\">US$172.8 million<\/span>) in the first half of 2021, from <span class=\"xn-money\">RMB626.8 million<\/span> in the same period of 2020. The increase was primarily driven by the significant increase in net revenue generated from the childhood &amp; adolescent quality education business. Net revenue from childhood &amp; adolescent quality education business increased by 225.7% in the first half of 2021 to <span class=\"xn-money\">RMB567.7 million<\/span> (<span class=\"xn-money\">US$87.9 million<\/span>), from <span class=\"xn-money\">RMB174.3 million<\/span> in the same period of 2020.<\/p>\n<p><b><i>Cost of Revenues<\/i><\/b><\/p>\n<p>Cost of revenues increased by 13.3% to <span class=\"xn-money\">RMB571.7 million<\/span> (<span class=\"xn-money\">US$88.5 million<\/span>) in the first half of 2021, from <span class=\"xn-money\">RMB504.5 million<\/span> in the same period of 2020. The increase was mainly due to the addition of teaching staffs in childhood &amp; adolescent quality education, which resulted in increase in personnel-related costs.<\/p>\n<p><b><i>Gross Profit and Gross Margin<\/i><\/b><\/p>\n<p>Gross profit increased by 345.1% to <span class=\"xn-money\">RMB544.3 million<\/span> (<span class=\"xn-money\">US$84.3 million<\/span>) in the first six months of 2021, from <span class=\"xn-money\">RMB122.3 million<\/span> in the same period of 2020. Gross margin, which is equal to gross profit divided by net revenues, was 48.8% in the first six months of 2021, compared with 19.5% in the same period of 2020. The significant increase&nbsp;in gross margin was primarily attributable to the increase in total net revenue largely outweighed the increase in cost of revenue in the first half of 2021.<\/p>\n<p><b><i>Operating Expenses<\/i><\/b><\/p>\n<p>Total operating expenses decreased by 2.9% to <span class=\"xn-money\">RMB764.5 million<\/span> (<span class=\"xn-money\">US$118.4 million<\/span>) in the first six months of 2021, from <span class=\"xn-money\">RMB787.0 million<\/span> in the same period of 2020. Total non-GAAP operating expenses, which excluded share-based compensation expenses, decreased by 1.6% to <span class=\"xn-money\">RMB753.9 million<\/span> (<span class=\"xn-money\">US$116.8 million<\/span>) in the first six months of 2021, from <span class=\"xn-money\">RMB765.9 million<\/span> in the same period of 2020. Total share-based compensation expenses allocated to the related operating expenses decreased by 49.3% to <span class=\"xn-money\">RMB10<\/span>.7&nbsp;million (<span class=\"xn-money\">US$1.7 million<\/span>) in the first six months of 2021, from <span class=\"xn-money\">RMB21.1 million<\/span> in the same period of 2020.<\/p>\n<p>Selling and marketing expenses decreased by 2.5%&nbsp;to <span class=\"xn-money\">RMB432.6 million<\/span> (<span class=\"xn-money\">US$67.0 million<\/span>) in the first six months of 2021, from <span class=\"xn-money\">RMB443.8 million<\/span> in the same period of 2020. The decline was mainly due to decrease in advertising expenses in the first six months of this year.<\/p>\n<p>General and administrative expenses decreased by 2.1% to <span class=\"xn-money\">RMB286.0 million<\/span> (<span class=\"xn-money\">US$44.3 million<\/span>) in the first six months of 2021, from <span class=\"xn-money\">RMB292.2 million<\/span> in the same period of 2020. The decline was mainly due to one-time professional expenses related to financial restatement and internal control improvement advisory incurred in the same period of last year, partially offset by the loss on disposal of property and the increase of the employees&#8217; social security fees which were exempted according to the preferential policies enacted by the government during COVID-19 pandemic in the first six months of 2020 but were not exempted in the same period of 2021.&nbsp; <\/p>\n<p>Research and development expenses decreased by 10.0% to <span class=\"xn-money\">RMB45.9 million<\/span> (<span class=\"xn-money\">US$7.1 million<\/span>) in the first six months of 2021, from <span class=\"xn-money\">RMB51.0 million<\/span> in the same period of 2020. The decline was mainly due to the decrease in personnel-related costs and welfare expenses as the&nbsp;number of staffs decreased.<\/p>\n<p><b><i>Operating Loss<\/i><\/b><\/p>\n<p>Operating loss was <span class=\"xn-money\">RMB220.2 million<\/span> (<span class=\"xn-money\">US$34.1 million<\/span>) in the first six months of 2021, compared to operating loss of <span class=\"xn-money\">RMB664.7 million<\/span> in the same period of 2020. Non-GAAP operating loss, which excluded share-based compensation expenses, was <span class=\"xn-money\">RMB209.2 million<\/span> (<span class=\"xn-money\">US$32.4 million<\/span>) in the first six months of 2021, compared to non-GAAP operating loss of <span class=\"xn-money\">RMB643.4 million<\/span> in the same period of 2020.&nbsp;&nbsp;&nbsp;&nbsp; <\/p>\n<p><b><i>Interest Income \/ (Expense)<\/i><\/b><\/p>\n<p>Interest income was <span class=\"xn-money\">RMB1.2 million<\/span> (<span class=\"xn-money\">US$0.2 million<\/span>) in the first six months of 2021, compared to interest expense of <span class=\"xn-money\">RMB2.1 million<\/span> in the same period in 2020. Interest income in both periods consisted of interest earned on our cash, cash equivalents and time deposits in commercial banks and interest income recognized in relation to our installment payment plan for students.&nbsp;Interest expense decreased in the first six months of 2021 as compared to the same period of 2020 was mainly because the bank loans were fully repaid in February of 2021.<\/p>\n<p><b><i>Other Income<\/i><\/b><\/p>\n<p>Other income was <span class=\"xn-money\">RMB1.1 million<\/span> (<span class=\"xn-money\">US$0.2 million<\/span>) in the first six months of 2021, compared to <span class=\"xn-money\">RMB0.3 million<\/span> in other income in the same period of 2020. The income was mostly from government grants offered to learning centers.<\/p>\n<p><b><i>Foreign Exchange Gain \/ (loss)<\/i><\/b><\/p>\n<p>Foreign exchange loss was <span class=\"xn-money\">RMB0.3 million<\/span> (<span class=\"xn-money\">US$0.05 million<\/span>) in the first six months of 2021, compared to <span class=\"xn-money\">RMB1.6 million<\/span> foreign exchange gain in the same period of 2020. <\/p>\n<p><b><i>Income Tax Benefit<\/i><\/b><\/p>\n<p>The Company recorded an income tax benefit of <span class=\"xn-money\">RMB19.6 million<\/span> (<span class=\"xn-money\">US$3.0 million<\/span>) in the first six months of 2021, compared to <span class=\"xn-money\">RMB52<\/span>.2&nbsp;million in income tax benefit in the same period of 2020. <\/p>\n<p><b><i>Net Loss <\/i><\/b><\/p>\n<p>As a result of the foregoing, net loss was <span class=\"xn-money\">RMB198.5 million<\/span> (<span class=\"xn-money\">US$30.7 million<\/span>) in the first six months of 2021, compared to net loss of <span class=\"xn-money\">RMB612.6 million<\/span> in the same period of 2020. Non-GAAP net loss, which excluded share-based compensation expenses, was <span class=\"xn-money\">RMB187.5 million<\/span> (<span class=\"xn-money\">US$29.0 million<\/span>) in the first six months of 2021, compared to non-GAAP net loss of <span class=\"xn-money\">RMB591.3 million<\/span> in the same period of 2020.<\/p>\n<p><b><i>Basic and Diluted Loss per ADS<\/i><\/b><\/p>\n<p>Loss per ADS was <span class=\"xn-money\">RMB3.56<\/span> <span class=\"xn-money\">(US$0.55)<\/span> in the first six months of 2021. Non-GAAP loss per ADS, which excluded share-based compensation expenses, was <span class=\"xn-money\">RMB3.36<\/span> <span class=\"xn-money\">(US$0.52)<\/span> in the first six months of 2021.<\/p>\n<p><b><i>Cash Flow<\/i><\/b><\/p>\n<p>Net cash outflow from operating activities in the first six months of 2021 was <span class=\"xn-money\">RMB85.6 million<\/span> (<span class=\"xn-money\">US$13.3 million<\/span>). Net cash inflow from investing activities of <span class=\"xn-money\">RMB24.7<\/span> in the first half of 2021 was mainly due to the proceeds of <span class=\"xn-money\">RMB46.0 million<\/span> (<span class=\"xn-money\">US$7.1 million<\/span>) received from disposal of properties and <span class=\"xn-money\">RMB1.0 million<\/span> (<span class=\"xn-money\">US$0.2 million<\/span>) received from disposal of office equipment, minus the spending of <span class=\"xn-money\">RMB28.9 million<\/span> (<span class=\"xn-money\">US$4.5 million<\/span>) on leasehold improvement and office equipment. <\/p>\n<p><b>Recent Developments Regarding Pending Going Private Transaction<\/b><\/p>\n<p>On <span class=\"xn-chron\">April 30, 2021<\/span>, the Company announced that it entered into an Agreement and Plan of Merger (the &#8220;Merger Agreement&#8221;) with Kidedu Holdings Limited (&#8220;Parent&#8221;) and Kidarena Merger Sub, a wholly owned subsidiary of Parent (&#8220;Merger Sub&#8221;). Pursuant to the Merger Agreement, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of Parent (the &#8220;Merger&#8221;), in a transaction at <span class=\"xn-money\">$4<\/span> per share. The Company subsequently obtained the PRC anti-trust approval. On <span class=\"xn-chron\">August 3, 2021<\/span>, the Company received a letter from Parent and Ascendent Capital Partners (&#8220;ACP&#8221;) proposing that relevant parties to the Merger engage in business discussions with respect to a recent PRC government policy issued on <span class=\"xn-chron\">July 23, 2021<\/span> regarding after-school tutoring for students in compulsory education (the &#8220;Policy&#8221;) and the implications of the Policy on the Company&#8217;s business and the Merger Agreement. Since then the Company, through the special committee of independent directors consisting of Mr. Arthur Lap Tat Wong and Mr. <span class=\"xn-person\">Hon Sang Lee<\/span>, and Parent and ACP have engaged in multiple rounds of discussions, including discussions of potential alternative terms for the Merger Agreement. The relevant parties have not been able to resolve their differences. While the Merger Agreement continues in effect, the Board of Directors of the Company cautions the Company&#8217;s shareholders and the public that there can be no assurance that the Merger and the other transactions contemplated by the Merger Agreement will be consummated, as substantial uncertainty exists as to whether the Merger will close, either on the terms of the Merger Agreement or on alternative terms. The Board of Directors of the Company is evaluating all options. The Company will provide further updates as required by applicable law.<\/p>\n<p><b>Business Outlook<\/b><\/p>\n<p>Based on the Company&#8217;s current estimates, total net revenues for the third quarter of 2021 are expected to be in the range of RMB600&nbsp;million and RMB630&nbsp;million, after taking into consideration the seasonal fluctuation factor and the likely continued impact of the COVID-19.<\/p>\n<p>This guidance is based on the current market conditions and reflects the Company&#8217;s current and preliminary estimates of market and operating conditions, which are subject to change, particularly as to the potential impact of COVID-19 on the economy in <span class=\"xn-location\">China<\/span> and elsewhere in the world.<\/p>\n<p><b>Exchange Rate Information <\/b><\/p>\n<p>All translations made in the financial statements or elsewhere in this press release made from RMB into <span class=\"xn-location\">United States<\/span> dollars (&#8220;US$&#8221;) are solely for convenience and calculated at the rate of <span class=\"xn-money\">US$1.00<\/span>=<span class=\"xn-money\">RMB 6.4566<\/span>, representing the exchange rate as of <span class=\"xn-chron\">June 30, 2021<\/span>, set forth in the H.10 statistical release of the U.S. Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate, or at any other rate, on <span class=\"xn-chron\">June 30, 2021<\/span>.<\/p>\n<p><b>About Tarena International, Inc.<\/b><\/p>\n<p>Tarena is a leading provider of adult professional education and childhood and adolescent&nbsp;quality education services in <span class=\"xn-location\">China<\/span>. Through its innovative education platform combining live distance instruction, classroom-based tutoring and online learning modules, Tarena offers adult professional education courses in IT and non-IT subjects. Its adult professional education courses provide students with practical skills to prepare them for jobs in industries with significant growth potential and strong hiring demand. Tarena also offers childhood and adolescent&nbsp;quality education programs, including computer coding and robotics programming courses, etc., targeting students aged between three and eighteen.<\/p>\n<p><b>Safe Harbor Statement<\/b><\/p>\n<p>This press release contains forward-looking statements made under the &#8220;safe harbor&#8221; provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as &#8220;will,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;future,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;confident&#8221; and similar statements. Among other things, quotations from management in this announcement, as well as the Company&#8217;s strategic and operational plans (in particular, the impact of COVID-19 on our businesses; the solutions we adopt to address such impact of COVID-19; balancing growth and profitability; as well as the growth prospects of adult professional education and childhood and adolescent&nbsp;quality education services in <span class=\"xn-location\">China<\/span>) contain forward-looking statements. Tarena 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 report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including any business outlook and statements about Tarena&#8217;s beliefs and expectations, are forward-looking statements. Many factors, risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: the impact of the COVID-19 outbreak; the potential impact of the Proposal and any transaction in connection with the Proposal; Tarena&#8217;s goals and strategies; its future business development, financial condition and results of operations; its ability to continue to attract students to enroll in its courses; its ability to continue to recruit, train and retain qualified instructors and teaching assistants; its ability to continually tailor its curriculum to market demand and enhance its courses to adequately and promptly respond to developments in the professional job market; its ability to maintain or enhance its brand recognition, its ability to maintain high job placement rate for its students, and its ability to maintain cooperative relationships with financing service providers for student loans. In addition, with respect to the &#8220;going private&#8221; Proposal, there can be no assurance that the Buyer Group will make any definitive offer to the Company, that any definitive agreement relating to the Proposal will be entered into between the Company and the Buyer Group or that a transaction based on the Proposal or any other similar transaction will be approved or consummated. <\/p>\n<p>Further information regarding these and other risks, uncertainties or factors is included in Tarena&#8217;s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Tarena does not undertake any obligation to update such information, except as required under applicable law.<\/p>\n<p><b>About Non-GAAP Financial Measures<\/b><\/p>\n<p>Beginning in the second quarter of 2016, the Company revised its non-GAAP financial measures to exclude gain or loss on derivative instruments, goodwill impairment, impairment of intangibles via acquisitions of businesses and the related tax impact, in addition to its historical practice of excluding share-based compensation expenses for non-GAAP results.<\/p>\n<p>To supplement Tarena&#8217;s consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles (&#8220;GAAP&#8221;), Tarena&#8217;s management uses non-GAAP measures of cost of revenues, operating expenses, operating income, net income, and basic and diluted net income per ADS, which are adjusted from results based on GAAP to exclude the share-based compensation expenses, gain or loss on derivative instruments, goodwill impairment, impairment of intangibles via acquisitions of businesses and the related tax impact. These non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. In addition, calculation of the non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited.<\/p>\n<p>Tarena&#8217;s management believes that excluding the share-based compensation expenses, gain or loss on derivative instruments, goodwill impairment, impairment of intangibles via acquisitions of businesses and the related tax impact provides meaningful supplemental information regarding our performance and liquidity by excluding certain items identified as non-recurring and infrequent in nature, and non-cash charges. The amount of share-based compensation expenses, gain or loss on derivative instruments, goodwill impairment, impairment of intangibles via acquisitions of businesses and the related tax impact are not built into the Company&#8217;s annual budgets and quarterly forecasts, which generally will be the basis for information Tarena provides to analysts and investors as guidance for future operating performance. <\/p>\n<p>The non-GAAP financial measures are provided to enhance investors&#8217; overall understanding of Tarena&#8217;s current financial performance and prospects for the future. A limitation of using non-GAAP cost of revenues, operating expenses, operating income (loss) and net income (loss), excluding the share-based compensation expenses, gain or loss on derivative instruments, goodwill impairment, impairment of intangibles via acquisitions of businesses and the related tax impact is that the share-based compensation charge has been and will continue to be a recurring expense in the Company&#8217;s business for the foreseeable future, and gain or loss on derivative instruments, goodwill impairment, impairment of intangibles via acquisitions of businesses and the related tax impact may recur in the future. In order to mitigate these limitations the Company has provided specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables include details on the reconciliation between GAAP financial measures that are most directly comparable to the non-GAAP financial measures the Company has presented.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"28.5\">\n<tr readability=\"9\">\n<td colspan=\"8\" class=\"prngen9\" readability=\"11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>TARENA INTERNATIONAL, INC. AND SUBSIDIARIES<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(in thousands, except share data and per share data)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen14 prnpr8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen18\"><\/td>\n<td colspan=\"6\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>As of<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December&nbsp;31,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>June 30,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>June 30,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen21\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen21\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<td colspan=\"2\" class=\"prngen21\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Audited<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Unaudited<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Unaudited<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>ASSETS<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Current assets:<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Cash and cash equivalents<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">320,179<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">257,601<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">39,897<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Time deposits<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,257<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,217<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">963<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Restricted cash<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">38,369<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">31,930<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,945<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td class=\"prngen11\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Accounts receivable, net of allowance for doubtful accounts <\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">32,790<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">43,538<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,743<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Amounts due from related parties<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">305<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,047<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">162<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Asset held for sale<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">91,034<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">14,099<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Prepaid expenses and other current assets <\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">138,353<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">160,914<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen13 prnpr8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">24,922<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>Total current assets<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen16 prnpr8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>536,253<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>592,281<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>91,731<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Time deposits-non current<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">120<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">19<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td class=\"prngen11\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Accounts receivable, net of allowance for doubtful accounts-non current <\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">192<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">146<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">23<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td class=\"prngen11\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Property and equipment, net<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">464,490<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">316,667<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">49,045<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Intangible assets, net<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,444<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11,548<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,789<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Goodwill<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">52,782<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">52,782<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,176<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Right-of-use assets<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">586,451<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">566,617<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">87,758<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td class=\"prngen11\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Long-term investments, net<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">67,592<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">67,580<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">10,467<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Deferred income tax assets<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">142,220<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">167,242<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">25,902<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td class=\"prngen11\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Other non-current assets, net <\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">95,825<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">90,976<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">14,092<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>Total assets<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,959,249<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,865,959<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>289,002<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>LIABILITIES AND EQUITY<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Current liabilities:<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Short-term bank loans<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">10,710<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Accounts payable <\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">10,293<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,572<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,328<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Amounts due to related parties<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">180<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">96<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Operating lease liabilities-current<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">199,083<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">230,230<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">35,658<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Income taxes payable<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">76,817<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">81,560<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,632<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Deferred revenue-current<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,980,138<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,046,359<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">316,941<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Advance received for disposal of property<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">46,000<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,124<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Accrued expenses and other current liabilities <\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">391,904<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">417,984<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">64,738<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>Total current liabilities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2,669,125<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2,830,801<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>438,436<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Deferred revenue-non current<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">18,060<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">16,761<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,596<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Operating lease liabilities-non current <\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">406,251<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">336,598<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">52,132<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Other non-current liabilities <\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,082<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,927<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">763<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>Total liabilities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>3,098,518<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>3,189,087<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>493,927<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>Commitments and contingencies<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Shareholders&#8217; equity<\/b>:<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Class A ordinary shares<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">349<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">354<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Class B ordinary shares<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">74<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">75<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Treasury stock<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(459,815)<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(459,815)<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(71,216)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Additional paid-in capital<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,324,161<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,338,981<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">207,382<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Accumulated other comprehensive&nbsp;income<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">49,120<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">50,145<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,766<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Accumulated deficit<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,045,891)<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,246,337)<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(347,913)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td class=\"prngen11\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>Total deficit attributable to the shareholders of Tarena <br \/>International, Inc.<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(1,132,002)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(1,316,597)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(203,914)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>Non-controlling interest<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(7,267)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(6,531)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(1,011)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>Total liabilities and equity<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,959,249<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,865,959<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td colspan=\"2\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>289,002<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"23\">\n<tr readability=\"7.5\">\n<td colspan=\"13\" nowrap=\"nowrap\" class=\"prngen9\" readability=\"8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>TARENA INTERNATIONAL, INC. AND SUBSIDIARIES<br \/><\/b><b>UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS<\/b><b><br \/><\/b><b>(in thousands, except share data and per share data)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"13\" nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr readability=\"6\">\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen5\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For&nbsp;the&nbsp;Three&nbsp;Months&nbsp;Ended <\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>June&nbsp;30<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen5\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For&nbsp;the&nbsp;Six&nbsp;Months&nbsp;Ended <\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>June&nbsp;30<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnmr2\"><span class=\"prnews_span\"><b>2020<br \/><\/b><\/span><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen23\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen23\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen23\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen23\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net revenues<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">331,833<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">582,258<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">90,180<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">626,826<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,116,044<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">172,853<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cost of revenues<sup>(a)<\/sup><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(237,167)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(287,878)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(44,587)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(504,526)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(571,722)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(88,548)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Gross profit<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>94,666<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>294,380<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>45,593<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>122,300<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>544,322<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>84,305<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Selling and marketing expenses<sup>(a)<\/sup><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(206,254)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(218,876)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(33,900)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(443,784)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(432,632)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(67,006)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">General and administrative <br \/>expenses<sup>(a)<\/sup><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(151,585)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(142,820)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(22,120)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(292,224)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(286,012)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(44,298)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Research and development <br \/>expenses<sup>(a)<\/sup><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(31,681)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(23,415)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3,627)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(50,963)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(45,882)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(7,106)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Operating loss<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16 prnpr6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(294,854)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(90,731)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(14,054)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(664,671)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(220,204)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(34,105)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest income (expense)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(586)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">600<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">93<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,063)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,189<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">184<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other income <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">85<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">768<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">119<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">307<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,111<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">172<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Foreign exchange gains (loss)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(642)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">410<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">64<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,649<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(279)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(43)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Loss before income taxes<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(295,997)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(88,953)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(13,778)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(664,778)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(218,183)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(33,792)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Income&nbsp;tax benefit <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">28,444<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,283<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,902<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">52,172<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">19,634<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,041<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net loss<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(267,553)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(76,670)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(11,876)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(612,606)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(198,549)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(30,751)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Less: Net loss (profit) attributable<br \/>to non-controlling interests<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,216<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,776)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(275)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,148<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(737)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(114)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net loss attributable to Class A <br \/>and Class B <\/b><b>ordinary<\/b><b>&nbsp;<br \/>shareholders<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(266,337)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(78,446)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(12,151)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(609,458)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(199,286)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(30,865)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net loss per Class A and Class B<br \/>ordinary share:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp; Basic and diluted<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(4.92)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1.39)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.22)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(11.29)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3.56)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.55)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Weighted average number of <br \/>Class A and Class B ordinary <br \/>shares outstanding:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp; Basic and diluted<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">54,123,107<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56,257,188<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56,257,188<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">54,004,236<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55,965,711<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55,965,711<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net<\/b><b>&nbsp;loss<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(267,553)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(76,670)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(11,876)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(612,606)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(198,549)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(30,751)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Other<\/b><b>&nbsp;comprehensive income <\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Foreign currency translation <br \/>adjustment, net of nil income<br \/>taxes<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">130<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">938<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">145<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">199<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,025<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">159<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Comprehensive<\/b><b>&nbsp;loss<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(267,423)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(75,732)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(11,731)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(612,407)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(197,524)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(30,592)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"13\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Notes:<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Includes share-based compensation expenses as follows:<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<\/tr>\n<tr readability=\"8\">\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen18\"><\/td>\n<td colspan=\"5\" class=\"prngen5\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For&nbsp;the&nbsp;Three&nbsp;Months&nbsp;Ended <\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>June&nbsp;30,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<td colspan=\"5\" class=\"prngen5\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For&nbsp;the&nbsp;Six&nbsp;Months&nbsp;Ended <\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>June&nbsp;30,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen21\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen21\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen21\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cost of revenues<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">138<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">185<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">29<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">242<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">370<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">57<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Selling and marketing expenses<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">575<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">945<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">146<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,038<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,978<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">306<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">General and administrative expenses<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,810<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,641<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">409<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,718<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,951<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,231<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Research and development expenses<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,602<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">356<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,298<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">736<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">114<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"23\">\n<tr readability=\"9\">\n<td colspan=\"13\" nowrap=\"nowrap\" class=\"prngen9\" readability=\"11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>TARENA INTERNATIONAL, INC. AND SUBSIDIARIES<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(in thousands, except share data and per share data)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"13\" nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr readability=\"9\">\n<td nowrap=\"nowrap\" class=\"prngen18\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen18\"><\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen5\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For&nbsp;the&nbsp;Three&nbsp;Months&nbsp;Ended June&nbsp;30,<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen18\"><\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen9\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For&nbsp;the&nbsp;Six&nbsp;Months&nbsp;Ended June&nbsp;30,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen18\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen18\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnmr2\"><span class=\"prnews_span\"><b>2020<br \/><\/b><\/span><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen18\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<br \/><\/b><\/span><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen18\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen18\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen18\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen18\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen18\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen18\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen18\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>GAAP Cost of revenues<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">237,167<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">287,878<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">44,587<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">504,526<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">571,722<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">88,548<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share-based compensation expense in <br \/>cost of revenues<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">138<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">185<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">29<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">242<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">370<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">57<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP Cost of revenues<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>237,029<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>287,693<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>44,558<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>504,284<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>571,352<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>88,491<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>GAAP Selling and marketing expenses<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">206,254<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">218,876<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">33,900<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">443,784<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">432,632<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">67,006<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share-based compensation expense in <br \/>selling and marketing expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">575<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">945<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">146<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,038<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,978<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">306<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP Selling and marketing <br \/>expenses<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>205,679<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>217,931<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>33,754<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>442,746<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>430,654<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>66,700<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>GAAP General and administrative <br \/>expenses<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">151,585<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">142,820<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">22,120<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">292,224<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">286,012<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">44,298<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share-based compensation expense in <br \/>general and administrative expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,810<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,641<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">409<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,718<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,951<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,231<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP General and <br \/>administrative expenses<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>143,775<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>140,179<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>21,711<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>278,506<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>278,061<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>43,067<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>GAAP Research and development<br \/>expenses<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">31,681<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">23,415<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,627<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">50,963<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">45,882<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,106<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share-based compensation expense in<br \/>research and development expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,602<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">356<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,298<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">736<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">114<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP Research and<br \/>development expenses<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>28,079<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>23,059<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>3,572<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>44,665<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>45,146<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>6,992<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Operating loss <\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(294,854)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(90,731)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(14,054)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(664,671)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(220,204)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(34,105)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share-based compensation expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,125<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,127<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">639<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">21,296<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11,035<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,708<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP Operating loss <\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(282,729)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(86,604)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(13,415)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(643,375)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(209,169)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(32,397)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net loss<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(267,553)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(76,670)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(11,876)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(612,606)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(198,549)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(30,751)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share-based compensation expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,125<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,127<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">639<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">21,296<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11,035<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,708<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP Net loss<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(255,428)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(72,543)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(11,237)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(591,310)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(187,514)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(29,043)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp; Less: Net loss (profit) attributable to <br \/>non-controlling interests<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,216)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,776<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">275<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3,148)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">737<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">114<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP net loss attributable to <br \/>Class A and Class B ordinary<br \/>shareholders<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(254,212)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(74,319)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(11,512)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(588,162)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(188,251)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(29,157)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP net loss per Class A and<br \/>Class B ordinary share<\/b><sup>(a)<\/sup><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp; Basic and diluted<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(4.70)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1.32)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.20)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(10.89)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3.36)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.52)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen11\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Weighted average number of ordinary <br \/>shares outstanding used in <\/b><b>calculating <br \/>Non-GAAP net loss per Class A and <br \/>Class B ordinary share<\/b><sup>(a)<\/sup><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp; Basic and diluted<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">54,123,107<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56,257,188<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56,257,188<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">54,004,236<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55,965,711<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55,965,711<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"3\">\n<tr>\n<td class=\"prngen11\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Notes:<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"6\">\n<td class=\"prngen11\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(a) The Non-GAAP net loss per share is computed using Non-GAAP net loss attributable to ordinary shareholders and the same number of ordinary shares used in GAAP basic and diluted net loss per share calculation.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(b) There was no tax impact of share-based compensation expenses for the second quarter of 2021.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN18187&amp;sd=2021-09-24\"> View original content:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/tarena-international-inc-announces-the-results-for-the-second-quarter-of-2021-301384641.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/tarena-international-inc-announces-the-results-for-the-second-quarter-of-2021-301384641.html<\/a><\/p>\n<\/p><\/div>\n<p>Source: Tarena International, Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING, Sept. 24, 2021 \/PRNewswire\/ &#8212;&nbsp;Tarena International, Inc. (NASDAQ: TEDU) (&#8220;Tarena&#8221; or the &#8220;Company&#8221;), a leading provider of adult professional education and childhood &amp; adolescent&nbsp;quality education services in China, today announced its unaudited financial results for the&nbsp;second quarter ended June 30, 2021. Highlights for the Second Quarter of 2021&nbsp;&nbsp; Net revenues increased by&nbsp;75.5% year-over-year to [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":804,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tarena International, Inc. 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