News for Scholar Education Group (1769.HK)

Key Takeaways: New Oriental Education posted a profit of $177 million in its latest financial year, recovering from a $1.19 billion loss a year earlier   The group recently set up a tourism arm to explore opportunities in the so-called livestreaming plus travel sector   By Ken Lo

New Oriental Education posted a profit of $177 million in its latest financial year, recovering from a $1.19 billion loss a year earlier.

The latest restrictions appear in line with Xi Jinping's broader objective of reining in China's increasingly powerful private sector

International investor concerns mount over China's tech rout

LONDON — International investors were feeling bruised and uncertain on Tuesday as a third day of heavy selling hammered China’s top tech stocks and began to…

The new rules released on Friday bars for-profit tutoring in core school subjects in an effort to boost the country's birth rate by lowering family living costs.

The Department of Justice’s case against the proposed merger of Aon and Willis Towers Watson was the first big trustbusting move by the Biden administration.

Beijing’s latest regulatory move in the tech sector requires online tutoring firms to become nonprofit institutions.

SHANGHAI — China and Hong Kong shares fell sharply to their lowest this year on Monday, as investor worries over government regulations battered stocks in the…

The searing sell-off sent Hong Kong-listed Scholar Education Group shares crashing more than 43%. Hong Kong stocks of New Oriental Education & Technology Group Inc plummeted over 41% after US shares lost over half of its value on Friday. The company provides tutoring and test preparation services in China.

Under the new rules, all institutions offering tutoring on the school curriculum will be registered as non-profit organisations, and no new licences will be granted, according to an official document.

Private education firms in China are preparing for a material hit to their operations after Beijing announced new rules.

China's sweeping new rules in private tutoring has left private education firms facing a significant business impact as Beijing steps up regulatory oversight of a $120 billion industry that... | July 26, 2021