FAST NEWS: East Buy’s profit tumbles on higher expenses
The latest: Livestreaming e-commerce platform East Buy Holding Ltd. (1797.HK) on Wednesday reported its net profit for the six months through last November fell by 57.4% year-on-year to 249 million yuan…
New school day dawns for New Oriental
The former private education services provider's latest results show its core education business is bouncing back from a major government crackdown two years ago Key Takeaways: New Oriental's revenue rose 22.8% in…
Ready for a Food Fight? Takeout Leader Meituan Faces Video Challenge
China’s food delivery business could be taking a dramatic turn as TikTok parent ByteDance pilots a food delivery service over its Douyin video appKey Takeaways:Douyin’s service allows merchants to attract…
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…
Lesson Learned: Gaotu Tastes Early Success in Business Transformation
Facing a delisting threat after its shares fell below $1, the battered education company has responded with a major buyback plan in a bid to boost its priceKey Takeaways:Gaotu Techedu’s…
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…
