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.
6/21/20222 min read
Tag: #private tutoring
Showing 12 of 21 posts with this tag
TAL to Terminate Training for Compulsory Education by End of Year
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.
11/15/20213 min read
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.
6/17/20222 min read
The Collapse of Chinese Tutoring Industry Sends Businesses Scrambling
Investors in the Chinese Ed-tech industry are now on the edge of their seats. A "double reduction" policy, interpreted as China's crackdown on the private tutoring industry, has plunged the entire sector into an existential crisis.
8/24/20217 min read
NetEase’s Youdao to Spin Off Disciplinary Tutoring Business of Compulsory Education Stage
On September 30, Netease’s Youdao announced that it plans to sell its off-campus tutoring business of compulsory education stage, with the sale expected to be completed before the end of this year.
10/8/20212 min read
NYSE Commences Proceedings for Zhangmen Education's Delisting
The NYSE has commenced proceedings to delist Chinese online education platform Zhangmen Education Inc., which failed to keep its global average market value above at least $15 million for 30 consecutive trading days.
6/6/20222 min read
Gaotu Techedu Restructures, Achieves Profitability in Q4
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.
3/8/20222 min read
Beijing to Stop Online Tutoring of Senior High School Students During Winter Vacation
Beijing regulators have interviewed many leading online tutoring companies this week, asking them to stop selling courses targeted at senior high school students during winter vacation and to refund any fees paid.
1/27/20222 min read
China’s Education Ministry Sets up New Department to Supervise After-School Tutoring, Intensifying Efforts to Curb Booming Private Education Sector
The Chinese Education Ministry announced establishment of a new department to oversee after-school tutoring amid Beijing’s ongoing crackdown on China's burgeoning private tutoring industry.
6/16/20213 min read
Co-Founder of Chinese Private Tutoring Firm 51Talk Resigns
China Online Education Group, a digital education platform specializing in English teaching and also known as "51Talk," announced that Zhang Liming has tendered his resignation as the company's COO.
4/12/20223 min read
Michael Yu Increases Shareholding in Koolearn
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.
11/22/20212 min read
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.
3/23/20222 min read