New Oriental 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 Education’s Live-Streaming Platform Introduces Two Major Logistics Partners

Oriental Selection, a live-streaming e-commerce platform owned by New Oriental Education, announced on August 31 that it had reached a close partnership with SF Express and JD Logistics, two logistics platforms in China.

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.

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.

Shifting Landscape in China’s Live E-Commerce Sector Provides Fresh Opportunities

In China's rapidly diversifying e-commerce industry, livestreaming is emerging as a top method for driving sales.

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.

Tencent Reduces Holdings in New Oriental’s Koolearn

According to documents disclosed by the Hong Kong Stock Exchange (HKEx) on Monday, Tencent Holdings sold 74.6 million shares in New Oriental's Koolearn from June 15 to June 16.

New Oriental Education to Build Supply Chain for Live-Streaming

Chinese private tutoring institution New Oriental Education is trying to build its own supply chain for its "Oriental Selection" live-streaming channel which has recently gained popularity through bilingual introduction.

New Oriental Education Operates Bilingual Livestream E-Commerce

According to Huitun Data, the number of viewers of "Oriental Selection," the official livestreaming room of Chinese private tutoring institution New Oriental Education, reached 12.746 million on June 11.

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.

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.

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.

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.

Chinese Tutoring Firm TAL Education Sees 8.8% YoY Decrease in Revenue

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.

New Oriental Expects $800-$900 Million in Losses, June-Nov 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: Founder Michael Yu’s Personal Blog Posts Do Not Represent Company’s Views

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.

New Oriental CEO: 60,000 Laid off Since Nation-Wide Crackdown

Recently, the phrase # New Oriental Education Dismissed 60,000 Employees # became a trending topic on Weibo.

New Oriental Only Sells 5 Million Yuan in First Live Commerce Stream

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.

New Oriental Education Officially Enters Live Commerce Industry

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.

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