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.
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.
Chinese private education and training company New Oriental on Tuesday night announced its financial report for the first half of fiscal year 2021-2022.
Chinese private tutoring company TAL Education on Monday announced its unaudited financial results for the third quarter of fiscal year 2022 ended November 30, 2021.
Chinese private tutoring giant New Oriental announced on Friday that its net losses in the six-month period ended November 30, 2021 were expected to total $800-900 million.
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.
Recently, the phrase # New Oriental Education Dismissed 60,000 Employees # became a trending topic on Weibo.
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.
Koolearn and Tmall Genie announced a new cooperation between the two companies on Wednesday. The two sides will carry out comprehensive cooperation in technology, content and services of smart education hardware.
According to a person familiar with the matter, New Oriental Education's subsidiary BlingABC began to offer online Chinese courses in the United States.
Yu Minhong acquired another 1.429 million shares of Koolearn, an online education company under New Oriental Education, at an average price of HK $6.95 per share.
Gaotu Techedu Inc. announced that it will end its off-campus tutoring services related to academic subjects from kindergarten through grade nine (the "K-9 Academic AST Services").
On November 13, Chinese extracurricular education company Tomorrow Advancing Life issued a statement that it will be terminating its off-campus training for compulsory education in mainland China by the end of this year.
The company plans to set up a large-scale agricultural platform in the future. Together with hundreds of teachers, Yu will offer goods through live commerce to help sell agricultural products and support rural revitalization.