Work in progress: East Buy reinvents itself – again
The former educator-turned-livestreaming e-commerce company is trying to become an online version of discount specialist Sam’s Club with its own private label business Key Takeaways: East Buy returned to profitability…
QuantaSing excites investors with new toy tune
The adult education company’s shares have tripled since it disclosed a plan to enter the collectible toy business through a major acquisition that closed on March 31 Key Takeaways: QuantaSing…
YuHua Education’s profit doubles as it bids adieu to Thailand
The Zhengzhou-based private education company’s shares have soared since last month as investors cheer its embrace of vocational training and debt repayment Key Takeaways: YuHua Education has shored up its…
New Oriental gets new lesson from souring U.S.-China relations
China’s leading private provider of education services blamed changing international relations for a slowdown in its business catering to students planning to study abroad Key Takeaways: New Oriental’s revenue from…
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…
