Loss-hit Fenbi Tech Seeks IPO Cash After Education Sector Upheaval
The slimmed-down provider of tutoring for civil service exams and vocational training has filed to list on the Hong Kong Stock Exchange for the second time Key Takeaways: Fenbi Technology…
FAST NEWS: New Oriental Education Sees New Business Revenue Coming Soon
The latest: New Oriental Education & Technology Group Inc. (EDU.US; 9901.US) reported a 48% revenue decline to $614 million and a $122 million loss during its fiscal third quarter through February,…
Vocational Focus Lets Minsheng Education Thrive Amid Crackdown
The company has benefited from a slew of government policies supporting private investment in the vocational sector, even as K-12 educators suffer from a major crackdown Key Takeaways: Minsheng Education…
New Oriental Tries Live Streaming E-commerce in Ongoing Transformation
Company’s revenue plummeted 80% last year and it laid off 60,000 employees after China’s crackdown on after-school tutoring Key takeaways: New Oriental has turned to live streaming e-commerce, with founder…
FAST NEWS: Rise Education Hits All-Time Low After Auditor Resignation
The latest: Rise Education Cayman Ltd. (REDU.US) announced that Ernst & Young Hua Ming LLP (EY) resigned as its independent auditor effective Nov. 19. Looking up: EY’s resignation isn’t related to suspicions…
