E

New Oriental Education and Technology Group
D

EDU

57.750
USD
1.03
(1.82%)
Market Closed
Volume
0
EPS
2
Div Yield
-
P/E
32
Market Cap
9,443,790,106
OverviewSignalsIdeasNews
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News

Title: New Oriental Education and Technology Group

Sector: Consumer Defensive
Industry: Education & Training Services
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.