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New Oriental, TAL, ATA Invest in K-12 Live Streaming Education Platform ClassIn

Sootoo, 3/06/17

Beijing-based Empower Education Technology (EEO), operator of K-12 online live streaming education platform ClassIn, recently announced completion of RMB 9-digit Series A+ funding led by educational services provider New Oriental Education & Technology Group (NYSE: EDU), and with participation from prior round investors TAL Education Group (NYSE: TAL) and ATA Inc (Nasdaq: ATAI). Read More

Online Education Portal Juesheng Wins RMB 200 Mln Series C

Tencent Tech, 12/18/15

Juesheng Education Technology, a Chinese provider of education services and operator of an online education portal, has completed Series C funding worth more than RMB 200 mln in a round including participation from Tangel Publishing (300148.SZ), IT training institute Tarena International (Nasdaq: TEDU), and several executives from Baidu (Nasdaq: BIDU), Alibaba Group (NYSE: BABA), and Tencent (0700.HK). Read More

New Oriental to Release Mobile English Learning App

National Business Daily, 4/22/14

Zu Teng, head of Chinese education services provider New Oriental's (NYSE: EDU) operations department, has announced the establishment of a new mobile education subsidiary, Leci Network Technology. Read More

Rumor: Tencent, New Oriental to Form Online Education JV

Sina Tech, 3/18/14

Multiple sources at Chinese internet and mobile services firm Tencent (0700.HK) have revealed that the company is planning to establish a joint-venture online education company in cooperation with Chinese education services provider New Oriental (NYSE: EDU). Read More

Rumor: New Oriental Spins Off Online Education Business

Lieyunwang.com, 2/17/14

Sun Chang, CEO of Chinese education services provider New Oriental's (NYSE: EDU) online education unit, has announced in a leaked internal email that New Oriental has successfully spun off its online education business. Read More

Ex-New Oriental Employees Launch English Exam Prep Site

Sina Tech, 2/17/14

Beijing-based Chuangxin Huoban, a new company established by a group of ex-employees from Chinese education services provider New Oriental (NYSE: EDU), has launched English exam prep website Smartstudy.com, providing online study materials to Chinese users preparing for English-language exams such as the TOEFL, IELTS, SAT, GRE, and GMAT. Read More

Mobile App 'Super Curriculum' Lands RMB 7-Digit Funding

36Kr, 8/27/13

Guangzhou Zhoumo Network Technology, developer of student-focused mobile SNS app "Super Curriculum" ("Chaoji Kechengbiao"), has secured a RMB 7-digit figure in new funding, following a RMB 8-digit first-round in June, according to CEO Yu Jiawen. Read More

English Learning Site Alo7 Lands USD 8-Digit Series C Funding

Sina Tech, 6/05/13

Shanghai-based online education company Alo7 Network Technology has announced the completion of USD 8-digit third round of funding led by Qualcomm. Read More

Business SNS Dajie Obtains USD Eight-Digit Funding

Tencent Tech, 7/25/11

Beijing Dajie Zhiyuan Information Technology, operator of professional SNS Dajie.com, announced today that it has obtained USD eight-digit venture capital funding from Fidelity Growth Partners Asia, Chinese education services provider New Oriental (NYSE: EDU), and Hotung Venture. Read More

CNNIC: China Reaches 457 Mln Internet Users

CNNIC, 1/19/11

The China Internet Network Information Center (CNNIC) issued its 26th report on the state of development of China's internet today, showing that as of December 2010, the number of Chinese internet users had reached 457 mln, an increase of 73.3 mln from the end of 2009; Internet penetration was at 34.3%, an increase of 5.4 percentage points from 2009. Read More