FAST NEWS: NaaS Technology Announces Fundraising Plan as Backdoor Merger Nears Completion
The Latest: NaaS Technology Inc. (NaaS), operator of China’s largest independent electric vehicle (EV) charging network, said on Monday it plans to raise money through its ongoing backdoor listing on…
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…
Dead Man Reawakening? Defunct Rise Education Reborn as EV Charging Company
Former education company backed by Bain Capital rises from the ashes through a reverse merger with the electric vehicle charging business of Newlink, another Bain-backed Chinese company Key Takeaways: Shares…
Tianli Education’s Transition Plan Fails to Convince Investors
Company logged a $214 million loss in the first eight months of last year after writing down assets that have been banned under China’s private education overhaul Key Takeaways: Tianli…
New Oriental Tries Live Streaming E-commerce in Ongoing Transformation
Company’s revenue plummeted 80% last year and it laid off 60,000 employees after China’s crackdown on after-school tutoring Key takeaways: New Oriental has turned to live streaming e-commerce, with founder…
Spark Education Abandons Listing Plan, as Rise Moves Closer to Exit Door
New actions by two online education providers mark latest consolidation steps following China’s crackdown on after-school tutoring Rise Education has announced a deal that appears to pave the way for…
FAST NEWS: Rise Education Hits All-Time Low After Auditor Resignation
The latest: Rise Education Cayman Ltd. (REDU.US) announced that Ernst & Young Hua Ming LLP (EY) resigned as its independent auditor effective Nov. 19. Looking up: EY’s resignation isn’t related to suspicions…
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