Koolearn’s New Lesson: E-Commerce Pays Better Than Education
The former education company has returned to profits on spiking revenues, pointing to early success in its transition to livestreaming e-commerceKey Takeaways:Koolearn’s revenue grew 263% in the first half of…
FAST NEWS: Koolearn Proposes New Name in Move From Education
The latest: Koolearn Technology Holding Ltd. (1797.HK) on Thursday proposed changing its name to East Buy Holding Ltd. to reflect its new business direction.Looking up: The company believes the change better aligns…
New Oriental Emerges from Carnage of Education Cleanup
Leading education services provider returned to profitability in its latest reporting quarter, drawing on new focuses in overseas study and non-academic tutoring Key Takeaways: New Oriental Education returned to profitability…
FAST NEWS: Koolearn’s Loss Narrows as E-commerce Starts to Contribute
The latest: Koolearn Technology Holding Ltd. (1797.HK) announced on Friday its revenue dropped 36.7% to 899 million yuan ($130 million) in its fiscal year ended May 31, with its net loss narrowing…
Golden Sun Education Shines Brightly in New York Trading Debut
The foreign language educator’s shares quadrupled on their New York debut on Wednesday, and continued to climb on their second day Key Takeaways: Golden Sun Education’s shares quadrupled in their…
New Oriental Education Records Huge Loss, But Forges Ahead
China’s former leading private educator has revealed the huge costs it incurred in its first earnings report since a major industry reshuffle Key takeaways: New Oriental fell deeply into the…
FAST NEWS: Koolearn’s Loss Narrows Amid Transformation, Including Move Into E-commerce
The latest: Online education company Koolearn Technology Holding Ltd. (1797.HK) said its interim loss for the six months through last November narrowed by 19.3% year-on-year to 544 million yuan ($85.9…
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