NASDAQ
QSG
3 articles
Delisted Jul 31
$QSG Announced the core business sold for only $2.5M. This was 100% of the company as recently as April. Now it's a fad toy company trading at 4-5x sales (FY2026 sales guide of $100M-$150M, +$500M mkt cap). Legacy VCs almost certainly going to unload now.
$QSG: Delayed filing. Mounting accounting issues. Failed ed biz buying a toy company (highly dilutive). US-based VC fund DCM owns 21% S/O. Will be hard to justify an investment in an ed company that devolved into a toy business to their LPs. Likely the next legacy holder to sell.
$QSG Failing Chinese online learning company made a “strategic pivot toward product-driven business” by acquiring a single product toy biz: 1) March acq 61% for $33M, 2) 3 weeks ago acq at 5x that prior valuation. Massively dilutive. Legacy VCs selling fast, report this week.
