Asia markets

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.”

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.

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.

According to New Oriental, KIDS+ provides children from 0 to 8-year-old with education products and services.

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.

As of August this year, Douyin has more than 600 million daily active users.

TAL Education Group (NYSE: TAL) announced its unaudited financial results for the second quarter of the fiscal year 2021 ended August 31, 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.

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).

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”.

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.

Founded in 2016, VIPThink focuses on Mathematical thinking education for students from 3 to 8-year-old. Since transforming the business online.

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.

Draft law not enough to curb studies burden.

So far, there are 127 national e-commerce demonstration bases nationwide.

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.

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.

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'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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