UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Under the Securities Exchange Act of 1934
(Amendment No. )
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Youdao, Inc. |
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(Name of Issuer) |
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Class A ordinary shares, $0.0001 par value per share |
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(Title of Class of Securities) |
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98741T104(1) |
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(CUSIP Number) |
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December 31, 2019 |
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(Date of Event Which Requires Filing of This Statement) |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
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Rule 13d-1(b) |
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Rule 13d-1(c) |
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x |
Rule 13d-1(d) |
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes).
(1) This CUSIP number applies to the Issuer’s American depositary shares (“ADSs”), each representing one Class A ordinary share.
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CUSIP No. 98741T104 |
13G |
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1 |
NAMES OF REPORTING PERSON |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) o (b) o | ||
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SEC USE ONLY |
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CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands |
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NUMBER OF |
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SOLE VOTING POWER 65,435,005 Class A ordinary shares(2) |
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SHARED VOTING POWER 0 |
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SOLE DISPOSITIVE POWER 65,435,005 Class A ordinary shares(2) |
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SHARED DISPOSITIVE POWER 0 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 65,435,005 Class A ordinary shares(2) |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
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74.3%(3) |
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TYPE OF REPORTING PERSON |
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CO |
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(2) Consisting of (i) 65,387,160 Class B ordinary shares that are convertible into 65,387,160 Class A ordinary shares and (ii) 47,845 ADSs representing 47,845 Class A ordinary shares held by NetEase, Inc., a Cayman Islands company listed on the Nasdaq Global Select Market. Each Class B ordinary share is convertible into one Class A ordinary share at any time by the holder thereof.
(3) Based on the sum of (i) 22,635,396 Class A ordinary shares outstanding as of March 31, 2020 as reported by the Issuer in its annual report on Form 20-F for the year ended December 31, 2019 and (ii) 65,387,160 Class B ordinary shares held of record by NetEase, Inc., all of which can be converted into an equal number of Class A ordinary shares at the discretion of NetEase, Inc.
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CUSIP No. 98741T104 |
13G |
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Item 1(a). |
NAME OF ISSUER |
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Youdao, Inc. |
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Item 1(b). |
ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES |
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No. 399 Wangshang Road |
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Binjiang District, Hangzhou, 310051 |
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People’s Republic of China |
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Item 2(a). |
NAME OF PERSON FILING |
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NetEase, Inc. |
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Item 2(b). |
ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE |
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NetEase Building, No. 599 Wangshang Road |
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Binjiang District, Hangzhou, 310052 |
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People’s Republic of China |
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Item 2(c). |
CITIZENSHIP |
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Cayman Islands |
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Item 2(d). |
TITLE OF CLASS OF SECURITIES |
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Class A ordinary shares, $0.0001 par value per share |
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Item 2(e). |
CUSIP No. |
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98741T104 |
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This CUSIP number applies to the ADSs of the Issuer, each representing one Class A ordinary share of the Issuer. No CUSIP has been assigned to the ordinary shares. |
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Item 3. |
IF THIS STATEMENT IS FILED PURSUANT TO §§ 240.13D-1(B), OR 240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A: |
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Not applicable. |
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Item 4. |
OWNERSHIP |
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The information required by Items 4(a) - (c) is set forth in Rows 5-11 of the cover page hereto and is incorporated herein by reference. |
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The total number of outstanding Class A ordinary shares used to calculate the percent of class represented by the Class A ordinary shares is the sum of (i) 22,635,396 Class A ordinary shares outstanding as of March 31, 2020 as reported by the Issuer in its annual report on Form 20-F for the year ended December 31, 2019 and (ii) 65,387,160 Class B ordinary shares held of record by NetEase, Inc., all of which can be converted into an equal number of Class A ordinary shares at the discretion of NetEase, Inc. |
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Item 5. |
OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS |
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Not applicable. |
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CUSIP No. 98741T104 |
13G |
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Item 6. |
OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON |
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Not applicable. |
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Item 7. |
IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON |
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Not applicable. |
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Item 8. |
IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP |
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Not applicable. |
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Item 9. |
NOTICE OF DISSOLUTION OF GROUP |
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Not applicable. |
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Item 10. |
CERTIFICATION |
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Not applicable. |