Showing 12 of 41 posts with this tag
The last three years since the 2018 crackdown on Beijing’s after-school tutoring industry have seen frustration at the industry’s poor habits eventually reach a climax.
On October 13, Beijing-based private education firm New Oriental issued a notice stating that it would cancel K9-related business sections such as Pop Kids and U-Can Secondary School sections.
Oriental Selection, the livestreaming platform of Beijing-based New Oriental Education, has recently launched an independent app.
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.
"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.
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 Monday, several China media outlets reported that DFUB, a subsidiary of New Oriental, had decided to close its tutoring business for Grade 12 students.
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.
Michael Yu 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.
New Oriental Education schools in Hangzhou and Shanghai also announced they would provide one-month free courses for WSE students in those locations.
Chinese private education and training company New Oriental on Tuesday night announced its financial report for the first half of fiscal year 2021-2022.
On Thursday, rumor says that New Oriental has begun a shift to providing training to parents. The company's staff responded to the China Securities Journal reporter, saying that this rumor is a misunderstanding.