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
For Chinese K12 online education companies, this June has been unnervingly quiet due to tightening regulation targeting the online education industry.
On the evening of June 27, Larry Chen, CEO of Gaotu Techedu, issued a document in response to recent public suspicions about the company.
Zhang Yiming, the 38-year-old founder of ByteDance, donated 500 million yuan to his hometown of Longyan, in Fujian Province. This is his latest donation amid government scrutiny of the education sector, the Longyan Education Bureau announced on Tuesday. In September last year, Zhang Yiming donated 10 million yuan to Yongding No.1 Middle School – which […]
On June 21, China's largest online small-class education firm, Spark Education, submitted a prospectus to the US Securities and Exchange Commission, applying to list on the Nasdaq under the stock code “SPRK”. Underwriters include Credit Suisse, Citigroup, CICC, Futu Securities and UP Fintech Holdings.
Video platform iQiyi recently launched "iQiyi Education" to the App Store, dedicated to providing children's animation, audio books and online classes, in addition to other content and services.
Zhangmen Education on Tuesday officially went public on the New York Stock Exchange under the ticker symbol "ZME" in the face of tightening restrictions on e-learning platforms from Chinese market regulators, following complaints about improper business practices.
Online education company Zuoyebang reportedly laid off employees and went so far as to cut entire departments due to China’s pressuring policy on the sector. The industry might face the biggest wave of layoffs during this business recession.
Chinese online education platform GSX Techedu is shutting its early education unit and cutting jobs as Beijing escalates a campaign against the country’s burgeoning after-school tutoring sector, multiple media outlets reported.
Chinese online education startup VIPKid admitted that it has recently enacted a series of personnel adjustments but denied cutting 50% of its staff members across various departments
The Beijing Municipal Bureau of Market Supervision and Administration on Monday imposed the maximum possible penalty on online education platforms Zuoyebang and Yuanfudao for unfair competition and misleading consumers.
China’s largest question-and-answer platform Zhihu will price 55 million shares to be issued Friday at $9.5 each, aiming to launch a $522.5 million initial public offering (IPO) in the US.
China’s leading online after-school education company Zuoyebang was listed among the MIT Technology Review’s 10 Breakthrough Technologies (TR10) in the “Remote Everything” segment on Feb. 26.