Chinese education company New Oriental has released a report highlighting study abroad being on the rise for Chinese students despite the pandemic.

Business retrenchment, campus closures, and plunging stocks – these are the words that have been haunting China’s edtech industry that was once flourishing with over 10 million staff. Raye Wu finds out whether China's edtech giants can bounce back.

China's leading education company plans to close 1,500 learning centres and expand the business into the agricultural playing field, as China cracks down on private education.

New Oriental will close K9 tutoring operations within its company by the end of November, the company announced on October 25.

New Oriental in China has decided to close down DFUB, its subsidiary focusing on online education for the K-12 market.

New Oriental has announced a total net revenue of $887.7 million, representing a 13.1% increase year-over-year, for the second quarter of 2021.

New Oriental was listed on the Hong Kong stock exchange this month despite declines in its overseas test preparation, consulting and study tour businesses.

A white paper from New Oriental has suggested that more Chinese students are interested in studying in the UK than the US.