New Oriental Education

2022.03.01

15:00

Chinese Edtech firm New Oriental fined for misleading ads

Asian Tech Press (Mar. 1) -- New Oriental Education, China's leading private tutoring firm was fined 400,000 yuan ($63,372) for allegedly using false or misleading prices in advertising to lure consumers.

2021.11.26

05:02

New Oriental said to open online Chinese courses in U.S.

Asian Tech Press (Nov 26) -- New Oriental Education, China's leading private tutoring firm, has recently started to offer online Chinese language courses in the United States, according to media reports.

2021.11.08

12:16

New Oriental to quit 1,500 teaching schools amid new off-site tutoring rules

Asian Tech Press (Nov 8) -- New Oriental Education, China's leading private tutoring firm announced on Sunday that it will quit renting nearly 1,500 teaching schools, due to new off-site tutoring rules to reduce 'twin pressures' of homework and tutoring on children.

2021.10.26

04:14

New Oriental's Koolearn to cease K9 subject-based tuition business in Mainland China

Asian Tech Press (OCT 26) -- Koolearn Technology Holding (HKEX: 01797), a subsidiary of New Oriental Education & Technology Group (NYSE: EDU), announced that in accordance with new regulations and to ensure that the Group and its operations are in full compliance with all applicable legal and regulatory requirements, the Board of Directors of the Company has decided that the Group will cease to operate the subject-based off-campus tuition services provided to students from kindergarten to grade 9 (K-9) in Mainland China for the compulsory education level. The termination is expected to be effective by the end of November 2021.

2021.08.02

04:18

New Oriental Education cancels scheduled board meeting and earnings release

A strict regulatory policy was announced in China to reduce the burden of students in compulsory education, leading to huge shocks for out-of-school training institutions. Stock prices of listed companies plummeted, and market value lost hundreds of billions.

2021.03.26

04:51

Chinese leading online education companies to lay out hardware

Recently, Chinese leading online education companies began to lay out hardware field collectively, including Zuoyebang, TAL Education, New Oriental Education and Yuanfudao.

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