NEWS WRAP: China East Education’s profit squeezed by low tuition gains
The leading vocational educator’s number of newly enrolled students rose by 13.8% last year, but its tuition revenue rose at just a third of that rate By Teri Yu Vocational…
XJ International gets lesson on perils of zero-coupon bonds
The vocational educator said holders of its zero-coupon convertible bonds due in 2026 are asking for a permitted early redemption Key Takeaways: Holders of all of XJ International’s $315 million…
FAST NEWS: Zhihu appoints new CFO
The latest: Online Q&A site Zhihu Inc. (ZH.US; 2390.HK) announced Monday that Wang Han has been named as the company’s new CFO. Meanwhile, previous CFO Henry Sha has resigned from that position…
Fenbi scores earnings success from civil service exam boom
The supplier of vocational training and exam tutoring has strengthened its market presence with an average of 9.2 million monthly active users in the first half of the year Key…
China East Education returns to growth as short-term enrollments surge
The vocational educator’s revenue grew 4% in the first half of the year, reversing a 14% drop a year earlier when China’s tough Covid-control measures forced many of its schools…
FAST NEWS: Zhihu’s loss narrows on strong new business growth
The latest: Online Q&A site Zhihu Inc. (ZH.US; 2390.HK) said on Wednesday that its first quarter revenue increased 33.8% year-on-year to 994 million yuan ($140 million), while its net loss…
China Education Group seeks to jumpstart growth with resumed M&A
The vocational school operator has recently raised funds to expand its network, as its growth slowed in the first half of its latest fiscal year Key Takeaways: China Education Group’s…
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