China's private tutoring firms emerge from the shadows after crackdown [Yahoo! Finance]
New Oriental Education & Technology Group, Inc. Sponsored ADR representing 10 Ordinary Share (Cayman Islands) (EDU)
Last new oriental education & technology group, inc. sponsored adr representing 10 ordinary share (cayman islands) earnings: 1/22 03:18 am
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Source: Yahoo! Finance
looks to revive a flagging economy, spurring a nascent revival of a sector hit hard by a government crackdown three years ago, according to industry figures, analysts and data reviewed by Reuters. There has been no formal acknowledgement of a change in policy. But there is now tacit consent from policymakers to allow the tutoring industry to grow, in a pivot by Beijing to support job creation, eight industry figures and two analysts familiar with the developments told Reuters. The shift is evident in new growth among tutoring businesses and moves by Beijing to clarify its approach, as well as in Reuters interviews with five Chinese parents who described a gradual liberalisation in recent months. Details in this story about the relaxation of policy enforcement and the increasing openness of tutoring organisations' operations have not been previously reported. Starting in 2021, a government crackdown known as the "double reduction" policy prohibited for-profit tutoring in core s
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EDU
News
- New Oriental Announces Changes in Board and Committee Composition [Yahoo! Finance]Yahoo! Finance
- New Oriental Announces Changes in Board and Committee CompositionPR Newswire
- Return Trends At New Oriental Education & Technology Group (NYSE:EDU) Aren't Appealing [Yahoo! Finance]Yahoo! Finance
- New Oriental Education: Not As Defensive As It Seems [Seeking Alpha]Seeking Alpha
- New Oriental Education & Technology Group Inc. (NYSE: EDU) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
EDU
Earnings
- 10/23/24 - Beat
EDU
Sec Filings
- 12/11/24 - Form 6-K
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- EDU's page on the SEC website