Tencent-Backed Yuanfudao Raises New Funds at a Valuation Close to US$7.5bn
It was reported by several news media outlets that Tencent-backed online education platform in China, Yuanfudao is close to completing a new round...
461 Views
New Oriental (EDU): Reduced Growth Estimate by 10 PP as Epidemic Blocks Students from Going Abroad
EDU reduced its revenues estimate for 3Q2020 (ended February 29) by 10 percentage points. We believe EDU will release 3Q2020 result in the second...
483 Views
Koolearn Shares Rise as More Children Move into Online Education; Can They Sustain This Growth?
One of the largest online education service providers in China, Koolearn’s shares have risen more than 79% since the beginning of this year from...
416 Views
Youdao Gains 10 Million New Enrollments During the Virus; Q4 Results Boast Robust Momentum
Youdao is capitalizing on the current virus outbreak to raise awareness of its services and build brand value. The Company gained 10 million new...
465 Views
GSX TechEdu: Grizzly’s Allegations Look Difficult to Refute
GSX TechEdu (GSX) is a Chinese online education company focused on providing K-12 after-school classes which accounted for about 73% of revenues...
632 Views