BRIEF: Able Digital jumps in Hong Kong trading debut
Shares of digital teaching and learning solutions provider Shanghai Able Digital Science & Tech Co. Ltd. (2687.HK) jumped in their Hong Kong trading debut on Monday, as the company raised…
Harrods retreats from Shanghai as private colleges face degree of reckoning
British retailer Harrods is pulling out of China, just five years after launching its luxury lifestyle brand in the market. Why is it leaving, and are other luxury brands going to follow? And university campus operator XJ International has been selling assets as college education loses its luster. Why are less Chinese interested in such secondary education these days?
XJ International learns financial lesson as heavy debt prompts school asset sales
A prolonged downturn in China’s private higher-education sector has weighed heavily on the debt-heavy company, which is selling assets in a bid to survive Key Takeaways: XJ International’s latest asset…
BRIEF: China Education forecasts up to $84 million profit for fiscal year
China Education Group Holdings Ltd. (0839.HK) said on Wednesday it expects to report a net profit between 440 million yuan ($61.9 million) and 600 million yuan for its fiscal year…
BRIEF: Scholar Education to raise $31 million in share placement at 13% discount
After-school education services provider Scholar Education Group (1769.HK) announced on Wednesday that it plans to place 110 million new shares with more than six independent third party investors, representing about…
iHuman’s international drive hops ahead with Cricket Media tie-up
The edutech company’s new alliance with a U.S. children’s media brand with more than a half century of history looks more promising than its earlier global expansion efforts Key Takeaways:…
China East Education feasts on growing demand for skilled workers
The leading provider of vocational education services posted 10% revenue growth in the first half of the year, as its profit jumped nearly 50% Key Takeaways: China East Education’s revenue…
