Asia markets
ByteDance Launches New Segment Dali Education, Making Vigorous Efforts to Shape Learners
By Siyi Zhang
Nov. 4, 2020
Zhang Yiming, the founder and CEO claimed: “it’s just the beginning for ByteDance to form an independent education brand, we will keep patient and put education as an important part of our business map.”
New Oriental Launches Hong Kong Secondary Listing, Setting a Maximum Price of HK$1,399 per Share
By Siyi Zhang
Nov. 3, 2020
As one of China’s leading after-school tutoring and test preparation service providers, New Oriental is looking to raise as much as HK$11.9 billion ($1.54 billion) in its second listing in Hong Kong.
New Oriental Formed a New Brand KIDS+ to Implement Early Childhood Education Initiatives
By jmdedu
Nov. 2, 2020
The brand is a new strategy for New Oriental to make more efforts in the early childhood education sector, integrating all the Group's high-quality education resources for kids.
New Oriental Formed a New Brand KIDS+ to Implement Early Childhood Education Initiatives
By jmdedu
Oct. 28, 2020
According to New Oriental, KIDS+ provides children from 0 to 8-year-old with education products and services.
China Gazes at Physical and Aesthetic Education in Each Level of Schools
By Siyi Zhang
Oct. 27, 2020
On October 15th, the Party Central Committee and the State Council unveiled two documents, respectively, guiding the development of physical education and aesthetic education at each school level.
ByteDance weighs listing Chinese short video app Douyin in Hong Kong
By CGTN
Oct. 26, 2020
As of August this year, Douyin has more than 600 million daily active users.
TAL Announces Unaudited Financial Results for the Second Fiscal Quarter Ended August 31, 2020
By Siyi Zhang
Oct. 25, 2020
TAL Education Group (NYSE: TAL) announced its unaudited financial results for the second quarter of the fiscal year 2021 ended August 31, 2020.
China's CPI up 1.7%, PPI down 2.1% in September
By CGTN
Oct. 15, 2020
The fall in CPI was mainly led by plunging pork price inflation, a high base and an increase in pork's weighting in the CPI basket, while the moderation in PPI reflects continued weakness in prices of oil and other commodities.
Uniqlo has more stores in China than Japan
By CGTN
Oct. 12, 2020
Uniqlo entered the Chinese market in 2002, starting in Shanghai. Its store network has nearly doubled in five years from 387 in August 2015.
China's new tax and fee cuts total 1.88 trillion yuan from January to August
By CGTN
Sep. 29, 2020
In the first eight months, about 92 percent of the 50 million small-scale taxpayers with monthly sales below 100,000 yuan were exempt from value added tax (VAT).
China-based Infinity Technology Focusing on Educational Cloud Services Closes A Round
By jmdedu
Sep. 29, 2020
According to Infinity Technology’s official website, the company was founded in 2018 with the business model of B2B2B2C, providing one-stop educational online platform and services based on “the big data+education”.
Chinese K12 Education Provider Lele Ketang Announces $40M C Round Led by Owl Ventures
By jmdedu
Sep. 21, 2020
Founded in 2014, Lele Ketang started its business with short-video product Tiantianlian(天天练) covering more than 80% of the knowledge points in the K12 stage.
VIPThink for Children Mathematical Thinking Training Closed Nearly $200M C Round Led by Vision Fund
By jmdedu
Sep. 15, 2020
Founded in 2016, VIPThink focuses on Mathematical thinking education for students from 3 to 8-year-old. Since transforming the business online.
Chinese Childhood Education Company iHuman Files for U.S. IPO
By jmdedu
Sep. 9, 2020
Years of well-grounded experience combined with the outbreak of online education has led to the rapid development of iHuman Chinese, especially during the COVID-19 pandemic.
The Ministry of Education published the draft of the preschool education law on its website
By CHINADAILY
Sep. 8, 2020
Draft law not enough to curb studies burden.
China adds 15 new national level e-commerce demonstration bases
By CGTN
Sep. 6, 2020
So far, there are 127 national e-commerce demonstration bases nationwide.
Uptick in Chinese students learning coding at a young age
By Zhang Shixuan
Aug. 31, 2020
According to internet search giant Baidu, search figures for children's programming online courses rose 18 percent in June compared to the same period last year.
English Liulishuo's Q2 Revenue Increases 18% from the Previous Quarter
By Siyi Zhang
Aug. 30, 2020
Approximately 0.5 million users paid for the company’s courses and services for Q2 2020, a 44% decrease from both the previous quarter and the same period last year, which is the lowest in its recorded history.
China's JD.com reports quarterly revenue beating estimation
By Reuters
Aug. 27, 2020
The company’s total net revenue rose 33.8 percent to 201.1 billion yuan (28.98 billion U.S. dollars) in the second quarter ended June 30.
Pinduoduo Q2 operating loss widens, order volume growth slows
By CGTN
Aug. 25, 2020
Pinduoduo's second quarter operating loss widened to 1.64 billion yuan (236.87 million U.S. dollars) from 1.49 billion yuan a year earlier as the cost of maintaining its cloud services and call center operations during the COVID-19 pandemic rose.
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