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New Oriental Education & Technology Group Inc

EDU

Company Profile

  • Business description

    New Oriental is a leading private education provider in China. K-9 academic after-school tutoring used to account for 50%-60% of New Oriental’s revenue before the regulatory crackdown in 2021. After terminating its K-9 academic after-school tutoring business, New Oriental has identified a few new initiatives such as nonacademic tutoring and intelligent learning systems and devices. The remaining businesses include high school academic after-school tutoring and overseas-related test preparation and consulting business. The company also owns 55% of East Buy, a market leader in livestreaming e-commerce.

  • Contact

    No. 6 Hai Dian Zhong Street
    Haidian District
    Beijing 100080
    CHN

    T: +86 1060908000

    E: zhaosisi@xdf.cn

    https://www.neworiental.org

  • Sector

    Consumer Defensive

    Stock type

    Defensive

  • Industry

    Education & Training Services

    Fiscal Year End

    31 May 2024

    Employees

    50,438

New Oriental Education & Technology Group Inc News & Analysis

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China's after-school crackdown is a harsh lesson in risk management

Risk management isn’t about what’s most likely to happen, but about protecting yourself against the worst that reasonably could, writes Alec Lucas.
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Analysts place Chinese education stocks 'under review' following government crackdown

The country’s new order to strip them of the ability to make a profit may hurt worse than a near-term correction.
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2 stocks to play the digital learning boom

We may be at the next inflection point for online learning, writes Morningstar's Michael Field.

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