Recently, there has been a picture circulating on the internet with the title "China to issue licenses to education and training companies for resuming extracurricular tutoring." On July 20th, the official WeChat account of Chinese Association for Non-Government Education clarified that this information is purely a rumor.
TAL Education Group, a Chinese holding company that provides after-school education and tutoring services for students, on May 5th revealed its plan to develop MathGPT, a large-scale mathematical model.
The Education Bureau of Longyan City in Fujian Province announced on May 4th that Zhang Yiming, the founder of ByteDance, a Chinese tech giant, donated an extra 200 million yuan ($28.9 million) to the Fangmei Education Development Fund.
On March 31st, it was announced that Youdao, a subsidiary of NetEase, will soon release their self-developed ChatGPT model for educational scenarios. The model is named "Confucius Quotes (Zi Yue)".
On March 14, Xueersi Online, a digital platform owned by Chinese extracurricular education company Tomorrow Advancing Life (TAL), was accused of violating the Double Reduction policy that China previously implemented in an effort to alleviate student stress.
At the end of last month, Alibaba's international digital economy training program Global Digital Talent brought together representatives of its partner educational institutions worldwide in its first hybrid event in over three years, reaffirming its commitment to driving digital economy education globally.
In 2022, under the pressure of the Double Reduction policy, many K12 education companies in China, including New Oriental Education & Technology Group and Doushen Education, transformed into the live-streaming field.
Oriental Selection, the livestreaming platform of Beijing-based New Oriental Education, has recently launched an independent app.
Recently, many netizens said on social platforms that Chinese private tutoring institution New Oriental Education had sent job invitations to all former teachers. On August 21, the firm responded that the news was true.
ByteDance's Dali Education has launched an educational collaboration platform named "Dali Space." This represents another new business attempt by Dali Education after the release of China's "Double Reduction" education policy.
During a speech at the China Entrepreneurs Forum in Tianjin on August 3, Michael Yu, Chairman of New Oriental Education, expressed views on the firm's livestreaming e-commerce platform, Oriental Selection.
On July 25, Skyworth VR revealed a new brand called PANCAKEXR and the new PANCAKE 1 series which will be priced from 2999 yuan ($444.55).
Michael Yu, founder of New Oriental Education, revealed that an e-business school may be opened in the future.
The education business within ByteDance has reportedly undergone significant adjustments, including the laying off of about 3,000 employees.
Xiaoyezi Beijing Technology Co., Ltd. has completed a C2 round of financing worth tens of millions of yuan led by Zhencheng Capital.
Michael Yu, founder of New Oriental Education, on Wednesday outlined the direction of the company's exploration in the live-streaming sphere in a post on his official WeChat account.
The NYSE has commenced proceedings to delist Chinese online education platform Zhangmen Education Inc., which failed to keep its global average market value above at least $15 million for 30 consecutive trading days.
Michael Yu, founder of private tutoring firm New Oriental Education, issued a post through his personal WeChat account on Tuesday, responding to public speculation about his retreat from the company.
Publicly listed Chinese education companies are wrapping up the last off-campus training services for compulsory subjects, so as to restructure and transform their business models.
A recent letter from Michael Yu, Chairman of New Oriental Education, indicated that the organization will no longer offer primary and secondary school tutoring at its Beijing Changping New Oriental Foreign Language School.