Asia markets

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.

Growing business with both horizontal and vertical expansion is an important path for VIPKid to achieve a diversified business landscape.

After the new series, the company plans to go public within 2 to 3 years, and the ideal time is the year 2022.

In the first summer vacation after the outbreak of COVID-19, many sub-sectors of adult education and children education markets have seen rapid growth compared with the same period last year.

Founded in 2017, Huohua Siwei taps into the Math and Logic Education for students from 3 to 12-year-old with the teaching model of small-sized online classes.

Trying, failing, and trying again, will ByteDance achieve its ambitious goal of “Go bigger. Be Better”. in education space?

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