New Oriental’s Stock Surges as Live-streaming Transformation Shows Signs of Success
Governmental policies remain a large external factor that affects educational firms like New Oriental. Nonetheless, those that can adapt quickly to changes and find new market opportunities are more likely to succeed.
Jun 14, 2022 06:40 PM
China’s Education Giant New Oriental Lost Around USD 900 Million After Crackdown
Since China banned the company from making a profit in the billion-dollar private education industry, on February 22, 2022, New Oriental reported a loss of USD 876 million for the six months to November 30, compared with a USD 229 million net profit over the same period of last year.
Feb 23, 2022 01:31 AM