SCHEDULE 13G/A: Orbis Investment Management Reaffirms Significant 26.7% Stake in Youdao, Inc.

Orbis Investment Management Limited has filed an Amendment No. 12 to Schedule 13G, confirming its continued beneficial ownership of 26.7% of Youdao, Inc.'s American Depositary Shares.

Summary

• Orbis Investment Management Limited reported beneficial ownership of 8,339,388 American Depositary Shares (ADS) of Youdao, Inc. as of March 31, 2025.
• This ownership represents 26.7% of the total outstanding Class A Ordinary Shares of Youdao, Inc.
• Orbis Investment Management Limited holds sole voting power and sole dispositive power over all 8,339,388 shares.
• The filing is an Amendment No. 12 to Schedule 13G, indicating an update to a previously disclosed ownership position.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Youdao, Inc.

Sentiment

Score: 7

Explanation: The filing indicates a continued significant beneficial ownership by Orbis Investment Management Limited in Youdao, Inc., suggesting ongoing institutional confidence in the company's long-term prospects.

Positives

• A major institutional investor, Orbis Investment Management Limited, maintains a substantial 26.7% stake in Youdao, Inc., signaling continued confidence in the company.
• The holding is for investment purposes in the ordinary course of business, not for control, which suggests a stable, long-term investment perspective from a significant shareholder.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency on a major institutional investor's continued significant stake, potentially reinforcing confidence in the company's stability and long-term value.

Key Dates

Recommendation

Keywords

Youdao Inc., Orbis Investment Management, Schedule 13G, beneficial ownership, American Depositary Shares, institutional investment