A New Oriental app featuring elementary school summer packages before China banned after-school tutoring of core subjects. Photo: Bloomberg
China’s tutoring crackdown: online class giant Koolearn triples its revenue on pivot to live-streaming e-commerce
- New Oriental’s education technology subsidiary Koolearn saw a 260 per cent year-on-year jump in revenue between June and November
- Revenue from live-streaming e-commerce contributed to over 85 per cent of total revenue during the period, interim report figures show
A New Oriental app featuring elementary school summer packages before China banned after-school tutoring of core subjects. Photo: Bloomberg
