New Oriental Education & Technology Group Inc - BRDR

BSP:E1DU34 (China)   BRDR
R$ 28.62 (+4.15%) Apr 26
43.82
P/B:
3.56
Market Cap:
R$ 71.05B ($ 13.89B)
Enterprise V:
R$ 51.79B ($ 10.12B)
Volume:
7.07K
Avg Vol (2M):
2.05K
Also Trade In:
Volume:
7.07K
Avg Vol (2M):
2.05K

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. It also owns 55% of East Buy (HKG: 01797), a market leader in livestreaming e-commerce.