Education Archives

Chinese K12 Education Institutions Bet on Live-streaming E-commerce

In 2022, under the pressure of the Double Reduction policy, many K12 education companies in China, including New Oriental Education & Technology Group and Doushen Education, transformed into the live-streaming field.

New Oriental’s Livestream Platform Launches Independent App

Oriental Selection, the livestreaming platform of Beijing-based New Oriental Education, has recently launched an independent app.

New Oriental Education Sends Job Invitations to All Former Teachers

Recently, many netizens said on social platforms that Chinese private tutoring institution New Oriental Education had sent job invitations to all former teachers. On August 21, the firm responded that the news was true.

ByteDance’s Dali Education Launches New Collaboration Platform

ByteDance's Dali Education has launched an educational collaboration platform named "Dali Space." This represents another new business attempt by Dali Education after the release of China's "Double Reduction" education policy.

New Oriental Education Chairman Reveals Salary of Livestreaming Team

During a speech at the China Entrepreneurs Forum in Tianjin on August 3, Michael Yu, Chairman of New Oriental Education, expressed views on the firm's livestreaming e-commerce platform, Oriental Selection.

Skyworth VR Releases PANCAKEXR Brand and New VR Products

On July 25, Skyworth VR revealed a new brand called PANCAKEXR and the new PANCAKE 1 series which will be priced from 2999 yuan ($444.55).

New Oriental Education Founder Michael Yu to Possibly Open E-Business School in the Future

Michael Yu, founder of New Oriental Education, revealed that an e-business school may be opened in the future.

ByteDance’s Education Business Conducts Mass Layoffs

The education business within ByteDance has reportedly undergone significant adjustments, including the laying off of about 3,000 employees.

Music Tech Firm Xiaoyezi Bags C2-Round Funds Worth Tens of Millions of Yuan

Xiaoyezi Beijing Technology Co., Ltd. has completed a C2 round of financing worth tens of millions of yuan led by Zhencheng Capital.

New Oriental Education Establishes Educational Product Sales Platform

Michael Yu, founder of New Oriental Education, on Wednesday outlined the direction of the company's exploration in the live-streaming sphere in a post on his official WeChat account.

NYSE Commences Proceedings for Zhangmen Education’s Delisting

The NYSE has commenced proceedings to delist Chinese online education platform Zhangmen Education Inc., which failed to keep its global average market value above at least $15 million for 30 consecutive trading days.

New Oriental Education’s Founder Michael Yu Denies Retreating from Company

Michael Yu, founder of private tutoring firm New Oriental Education, issued a post through his personal WeChat account on Tuesday, responding to public speculation about his retreat from the company.

Listed Chinese Education Firms Transfer Subject Training Businesses

Publicly listed Chinese education companies are wrapping up the last off-campus training services for compulsory subjects, so as to restructure and transform their business models.

New Oriental Education Shuts down K9 Education in Beijing Foreign Language School

A recent letter from Michael Yu, Chairman of New Oriental Education, indicated that the organization will no longer offer primary and secondary school tutoring at its Beijing Changping New Oriental Foreign Language School.

TAL Education Shifts Focus to Smart Hardware and Life Science Research

TAL Education, a leading after-school tutoring services provider in China, announced on Friday that it is exploring smart hardware development and life science research.

Gaotu Techedu Restructures, Achieves Profitability in Q4

Gaotu Techedu, an online tutoring service provider for larger class sizes in China, announced on Tuesday its unaudited financial results for the fourth quarter and fiscal year that ended December 31, 2021.

ByteDance Conducts Alpha Testing of Educational Short Video App

Beijing-based technology firm ByteDance is alpha testing a new product called Haoqi Xiaozhi, a learning app designed specifically for teenagers.

Chinese Vocational Training Platform Fenbi Applies for Hong Kong IPO

Fenbi, a Chinese education platform geared towards aspiring teachers and civil servants, submitted an application for a public listing to the Hong Kong Stock Exchange (HKEx) on Monday.

New Oriental Reports $876M Loss in H1 Fiscal Year 2022

Chinese private education and training company New Oriental on Tuesday night announced its financial report for the first half of fiscal year 2021-2022.

ByteDance’s Dali Education Pulls Brakes

ByteDance's Dali Education recently launched an educational service platform "Tan Shuiyuan," which is regarded as part of the transformation of ByteDance's education business.

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