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, a live-streaming e-commerce platform owned by New Oriental Education, announced on August 31 that it had reached a close partnership with SF Express and JD Logistics, two logistics platforms in China.
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.
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.
In China's rapidly diversifying e-commerce industry, livestreaming is emerging as a top method for driving sales.
Michael Yu, founder of New Oriental Education, revealed that an e-business school may be opened in the future.
According to documents disclosed by the Hong Kong Stock Exchange (HKEx) on Monday, Tencent Holdings sold 74.6 million shares in New Oriental's Koolearn from June 15 to June 16.
Chinese private tutoring institution New Oriental Education is trying to build its own supply chain for its "Oriental Selection" live-streaming channel which has recently gained popularity through bilingual introduction.
According to Huitun Data, the number of viewers of "Oriental Selection," the official livestreaming room of Chinese private tutoring institution New Oriental Education, reached 12.746 million on June 11.
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.
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.
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.
Chinese private education and training company New Oriental on Tuesday night announced its financial report for the first half of fiscal year 2021-2022.
Chinese private tutoring company TAL Education on Monday announced its unaudited financial results for the third quarter of fiscal year 2022 ended November 30, 2021.
Chinese private tutoring giant New Oriental announced on Friday that its net losses in the six-month period ended November 30, 2021 were expected to total $800-900 million.
New Oriental Education announced at the Hong Kong Stock Exchange (HKEx) on Monday that its board of directors noticed many recent media reports about the company were related to the business and financial performance of the company.
Recently, the phrase # New Oriental Education Dismissed 60,000 Employees # became a trending topic on Weibo.
At 8:00 pm on Tuesday, Yu Minhong, Chairman of New Oriental Education & Technology, held a live stream to sell agricultural products through Douyin for the first time.
Since Chinese authorities introduced the "Double Reduction Policy" earlier this year, domestic educational and training services firm New Oriental has accelerated plans to undergo a transformation.