QuantaSing hums new learning tune with growing focus on personal interest courses
The online education services provider is focusing on personal interest learning courses as a key new growth driver Key Takeaways: QuantaSing is expanding its personal interest learning business to cover…
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NetEase Tries to Show It’s Not Just About Games Anymore
The company’s Youdao education and Cloud Music divisions posted strong double-digit revenue growth in last year’s fourth quarter, and could soon become profitable Key Takeaways: NetEase’s revenue rose 4% to…
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With Post-IPO Profit Warning, Is Readboy Losing Its Gold Star?
Less than a month after its Hong Kong listing, the smart learning device maker admitted losing up to 45 million yuan in first half of the year Key Takeaways: Readboy…
Readboy Tries Again for IPO but Faces Tough Test from Edtech Rivals
The maker of learning devices for children has filed for an IPO at the Hong Kong Stock Exchange for a third time, but an old-school operating model could weigh on revenues…
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…
Hailiang Sees the Writing on the China Blackboard
Private school operator launches privatization bid, setting a potential trend for others remaining in the embattled education sector Key takeaways: A management-led group has offered to privatize Hailiang Education at…
FAST NEWS: Youdao Revenue Jumps 55% in Q3 Amid Diversification Drive
The latest: Online tutoring services provider Youdao Inc. (DAO.US) announced its revenue grew 54.8% year-on-year to 1.4 billion yuan ($215 million) in the third quarter. Meantime, its net loss narrowed sharply by 85.3%…
