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Digital learning firm Shanghai Able targets tech upgrade

Sun, 12 May 2024 23:25:49 +0000

Boasting more than 27,000 online courses and backed by Sina and Baidu, the owner of China’s “Wisdom Tree” learning platform is seeking a Hong Kong IPO to boost spending on educational R&D Key Takeaways: By Li Shin Ta China’s education sector offers a case study in technology-driven change, with the rapid rise of virtual classrooms, digital.....

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China Education Group makes the grade with rising profits

Thu, 09 May 2024 01:19:13 +0000

The vocational training provider’s half-year earnings were well received by investors, aided by a broader rally on the Hong Kong stock market Key Takeaways: 　 By Molly Wen China’s leading private provider of higher education has achieved positive marks for its latest financial report card. Buoyed by resilient demand for vocational training, China Education Group.....

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XJ International gets lesson on perils of zero-coupon bonds

Wed, 28 Feb 2024 05:52:33 +0000

The vocational educator said holders of its zero-coupon convertible bonds due in 2026 are asking for a permitted early redemption Key Takeaways: By Warren Yang To ordinary folks, lending money to a company nearly interest-free in exchange for possible future gains in its stock price must sound like a risky gamble. And yet before.....

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Mynd.ai turns new page with completion of U.S. backdoor listing

Wed, 27 Dec 2023 00:35:40 +0000

The former education business of gaming company NetDragon hopes to entice investors with its rollout of software services next year for its classroom-based educational hardware panels Key Takeaways: By Doug Young It’s lesson time. That’s the plan coming from the newly minted Mynd.ai Inc. (MYND.US), which has become the latest company to rise from.....

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China Education Group’s goodwill impairment offers lesson in how to spook investors

Wed, 06 Dec 2023 00:22:18 +0000

China’s largest privately-owned vocational educator posted double-digit revenue growth in its latest fiscal year, but also a rare profit decline Key Takeaways: By Li Shih Ta Life may be returning to normal for Chinese students with the end of pandemic restrictions, but you wouldn’t see that right away by looking at the bottom line.....

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Education provider TAL counts on AI devices and MathGPT

Thu, 16 Nov 2023 05:10:52 +0000

The learning solutions company has swung into the black after investing in AI-powered educational devices and developing a newly approved MathGPT tool Key Takeaways: 　 By Molly Wen Imagine a smart tool that can help a struggling student grapple with numbers as well as words. For China’s TAL Education Group (TAL.US), arithmetic is the next.....

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New Oriental Education delivers a lesson in business revival

Fri, 03 Nov 2023 04:23:35 +0000

The education giant has sealed its return to financial health with quarterly adjusted profits at a three-year high and revenues back to 92% of their level before a crackdown on the training sector Key Takeaways: 　 By A. Au Two years after suffering a near-death experience, a market leader in China’s private education industry has.....

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iHuman moves through economic uncertainty in robotic holding pattern

Tue, 26 Sep 2023 05:57:43 +0000

The provider of educational products and services for children reported just 4.5% revenue growth in the second quarter, but its profit nearly doubled on reduced R&D spending Key Takeaways: By Doug Young China’s bloody education crackdown of two years ago destroyed an entire industry, including billions of dollars in market value, as much of.....

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Fenbi scores earnings success from civil service exam boom

Fri, 15 Sep 2023 00:18:29 +0000

The supplier of vocational training and exam tutoring has strengthened its market presence with an average of 9.2 million monthly active users in the first half of the year Key Takeaways: 　 By Molly Wen China’s weakening economy has pushed youth unemployment rates to record levels, but the dark cloud came with a silver lining.....

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NetDragon wows investors with its ‘Tale of Two Cities’

Thu, 07 Sep 2023 04:44:45 +0000

The gaming and education company’s interim results are a lot like the famous Charles Dickens novel, including a feel-good ending to the story Key Takeaways: By Edith Terry When a company’s revenue falls, so does its stock price – most of the time. But that wasn’t the case this time for NetDragon Websoft Holdings.....

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Youdao gets boosts from AI, patient parent

Mon, 28 Aug 2023 04:14:15 +0000

The education products and services provider returned to revenue growth in the second quarter, and got a three-year extension on debt owed to its parent set to mature next March Key Takeaways: By Doug Young There are a few lessons in the latest financial report from Youdao Inc. (DAO.US), a company trying to find.....

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China East Education returns to growth as short-term enrollments surge

Tue, 22 Aug 2023 03:53:03 +0000

The vocational educator’s revenue grew 4% in the first half of the year, reversing a 14% drop a year earlier when China’s tough Covid-control measures forced many of its schools to close Key Takeaways: By Doug Young Vocational educators once stood tall in China’s private education sector, basking in the glow of strong government.....

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