Its knuckles rapped, recovering Gaotu springs back to the black
Among the hardest hit in China’s regulatory crackdown in 2021, the educator is staging a comeback that will see it return to profitability in the current quarter Key Takeaways: Gaotu’s…
Youdao looks to parent, global markets to revive stalling growth
The education company’s marketing services revenue flatlined in the final quarter of last year, following strong double-digit gains in the first three quarters Key Takeaways: Youdao’s revenue began contracting in…
East Buy ends superstar influencer addiction – but at a big price
The livestreaming e-commerce company’s revenue declined and it fell into the red in the first half of its fiscal year after the departure of its key online salesman Dong Yuhui…
NetClass offers lesson in diversity with globalization strategy
The edtech company’s shares have performed well since their Nasdaq debut last month, helped by its new venture outside the fickle China market Key Takeaways: Shares of NetClass have climbed…
BRIEF: New Oriental Education’s profit surges
New Oriental Education & Technology Group Inc. (EDU.US; 9901.US) reported Wednesday that its revenue rose 30.5% to $1.44 billion in its fiscal first quarter through August, while its net profit increased 48.4%…
Beststudy scores profits by thinking outside the box
The provider of education and training services in southern China has boosted its earnings with new courses, pivoting to non-academic tuition after a crackdown on tutoring for school subjects Key…
East Buy faces rebuilding after breakup with star livestreamer
The e-commerce company is trying to diversify its livestreaming and product strategies after a drawn-out dispute with star host Dong Yuhui Key Takeaways: East Buy’s shares fell to a two-year…
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