New Oriental Education & Technology Group Inc - ADR

9
3
NYSE:EDU (China)   ADR
$ 84.17 +0.19 (+0.23%) 10:08 PM EST
44.30
P/B:
3.60
Market Cap:
$ 14.18B
Enterprise V:
$ 9.73B
Volume:
893.62K
Avg Vol (2M):
1.83M
Also Trade In:
Volume:
893.62K
Avg Vol (2M):
1.83M

Business Description

Description
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.