Daniel Zhang, Chairman and CEO of Alibaba, affirmed at this year's Apsara Conference that technology serves as the cornerstone for the internet giant to maintain its long-term development. Alibaba says that its pursuit of technological advancement remains unchanged.
Agora, a Nasdaq-listed real-time voice and video engagement service provider, is carrying out a business adjustment with the "optimized" proportion of personnel positions to be about 30%.
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.
Recently, the phrase # New Oriental Education Dismissed 60,000 Employees # became a trending topic on Weibo.
Koolearn and Tmall Genie announced a new cooperation between the two companies on Wednesday. The two sides will carry out comprehensive cooperation in technology, content and services of smart education hardware.
In a statement on Thursday, Spark Education said it has deposited all tuition collected in advance in the banks as regulated, and promises "not to spend a penny of this money."
TAL Group's face-to-face teaching in the Shanghai Branch has been changed into online courses, but not all schools are following the changes. TAL has adjusted the arrangement of some schools in China.
Yu Minhong, Founder and Chairman of New Oriental, announced on September 17 that offline enrollment of primary and junior high school subjects would be stopped after the autumn semester.
Chinese online education institution 51talk has been asked to carry out rectifications, the education commission for the country's capital city of Beijing said in a statement on Wednesday.
ByteDance recently launched an App called "Xiaoquxing", which will mimic some of the features of its popular APP for adults, including hosting short video content, but the APP will be specially designed for children.
Investors in the Chinese Ed-tech industry are now on the edge of their seats. A "double reduction" policy, interpreted as China's crackdown on the private tutoring industry, has plunged the entire sector into an existential crisis.
New Oriental Education schools in Hangzhou and Shanghai also announced they would provide one-month free courses for WSE students in those locations.
Alibaba-backed Zuoyebang bags five quality education products now including three launched on Monday, one launched last year and one which will be launched soon.
VIPKid, an online English education platform for children, plans to launch bilingual courses on 'intangible cultural heritage' in the near future. The course will cover eight topics.
The head of the North China division of Wall Street English, an Italian international adult English training company, has informed its staff about the upcoming bankruptcy of its China business, which will be finalized next week, CBN reported on Thursday.
After Chinese regulators issued a set of rules known as "double reduction" to mitigate student pressure, domestic private education services firm VIPKid announced on August 7 that it will no longer sell new course packages involving overseas foreign teachers.
Youdao, founded in 2006 as part of NetEase, Inc., on Thursday held a press conference themed "Creating the Future of Quality Education" to unveil six new quality education products.
With the implementation of the so-called "double reduction" policy, ByteDance's Dali Education and Gaotu to layoff employees. Bytedance did not confirm this report.
On Wednesday, Yuanfudao, an online education company, launched Pumpkin Science, a new style of education for science enlightenment, marking a transition in what and how education is taught.
The share price of New Oriental Education on the Hong Kong Stock Exchange on Friday afternoon has suddenly slumped. As of 4:10 pm, its was selling at HK $30.60 per share – down 39.63% – hitting a new low since its Hong Kong debut. Its latest market valuation sits at HK $55.541 billion