Yu Minhong, 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.
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.
A recent letter from Yu Minhong, 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, 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, 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.
Beijing-based technology firm ByteDance is alpha testing a new product called Haoqi Xiaozhi, a learning app designed specifically for teenagers.
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.
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 recently launched an educational service platform "Tan Shuiyuan," which is regarded as part of the transformation of ByteDance's education business.
RISE Education announced on Tuesday that it has signed a definitive merger agreement with Data Auto Inc., also known as NaaS, serving the Chinese electric vehicle battery charging market.
Business information inquiry platform Tianyancha showed that on Friday, Alibaba (China) Education Technology Co., Ltd., an affiliated company of Taobao Education, had a change up in its top level employee structure.
New Oriental Education announced at the Hong Kong Stock Exchange (HKEx) on Monday that its board of directors noticed many recent media reports about the company were related to the business and financial performance of the company.
Shanghai Manjitech Information Technology Co., Ltd., a SaaS provider for medical education and training, completed A-round financing totaling nearly 100 million yuan ($15.68 million).
At 8:00 pm on Tuesday, Yu Minhong, Chairman of New Oriental Education & Technology, held a live stream to sell agricultural products through Douyin for the first time.
Since Chinese authorities introduced the "Double Reduction Policy" earlier this year, domestic educational and training services firm New Oriental has accelerated plans to undergo a transformation.