China's East Buy plans $211m sale of education unit to pivot to live-streaming e-commerce
The two-year-old e-commerce business line is now considered “a long-term key growth driver” for East Buy.
Source: dealstreetasia.com
Koolearn Technology News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Koolearn Technology. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Koolearn Technology Today - Breaking & Trending Today
Hong Kong's Hold Seng Index Extends Losses After Two Days Of Defeat • MV TELEGRAPH
SINGAPORE - Asia Pacific stocks were lower in trading Wednesday morning, with Hong Kong stocks struggling to recover from a two-day loss.
Source: mvtelegraph.com
China's best-known test-prep school hopes to find new life in live-streaming e-commerce after crackdown on tutoring sector
Hong Kong-listed Koolearn Technology, the online training arm of New Oriental Education Technology Group, plans to rename itself East Buy.
Source: scmp.com
Tencent cash out HK$700 million from selling its stake in the live-streaming unit of China's biggest private tutoring group
Tencent Holdings has cashed out nearly HK$700 million from selling its stake in Hong Kong-listed Koolearn Technology, as China’s biggest private tutoring group New Oriental Education & Technology shifted its focus to live-streaming shopping.Tencent sold 35.6 million shares on June 15 and 38.9 million shares on June 16 at an average price of HK$9.62 to HK$9.68 each, according to stock exchange filings. The total amount of disinvestment worth HK$719.7 million (US$92 million). After the selling, Tencent held 9 percent stakes in Koolearn, reducing from 1.6 per cent.Koolearn Technology, which...
Source: pingwest.com
Caixin Global - Latest Business and Financial News on China, U.S. Trade War and Negotiations, Breaking News, Headlines and Developments
Caixin Global provides the latest China news headlines on politics, economy, business and finance with insight and in-depth analysis.
Source: caixinglobal.com