k12 education

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.

Michael Yu: New Oriental Donates Nearly 80,000 Sets of Study Desks and Chairs to Rural Areas, Adjusting its Business

"With the adjustment of our business, New Oriental has decided to donate new study desks and chairs to primary and secondary schools in rural areas, having donated nearly 80,000 sets so far," Michael Yu posted.

As Required by Policy, Gaotu Deposits Tuition Collected in Advance Into Designated Bank Account Supervised by Government

Chinese online tutoring firm Gaotu briefly disclosed its recent operation in a letter published on its official WeChat account on Monday. On Tuesday, the share price of Gaotu closed at $3.625/share, with a total market value of $929 million.

Gaotu Releases Q2 Earnings Report, Plans to Shift Towards Vocational Education

Beijing-based education and training institution Gaotu Group on Wednesday released its Q2 earnings report for the period ended June 30, 2021.

DFUB, Subsidiary of New Oriental, Shuts Down Tutoring Business for Grade 12 Students

On Monday, several China media outlets reported that DFUB, a subsidiary of New Oriental, had decided to close its tutoring business for Grade 12 students.

China VC Weekly: $7M for Nothing, K12 EdTech Financing and More

OnePlus co-founder Carl Pei on Jan. 27 announced the establishment of his London-based new consumer technology startup Nothing, which obtained $7 million in fresh capital last December.

K12 Education Company Huohua Siwei Finishes Series E Financing, Raising Over $400M

Online K-12 education platform Huohua Siwei recently completed a Series E round of financing, raising more than $400 million through three stages - the E1, E2 and E3, respectively - of fundraising.

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