China bars for-profit tutoring in core school subjects -document [Reuters]
51Talk Online Education Group American depositary shares, each representing 60 Class A ordinary shares (COE)
Last 51talk online education group american depositary shares, each representing 60 class a ordinary shares earnings: 5/22 05:00 am
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Source: Reuters
low birth rates, news that sent shockwaves through its vast private education sector and share prices plunging. FILE PHOTO: People stand outside the headquarters of the New Oriental Education & Technology Group in Beijing, China, November 25, 2016. REUTERS/Thomas Peter/File Photo The policy change, which also restricts foreign investment in a sector that had become essential to success in Chinese school exams, was contained in a government document widely circulated on Friday and verified by sources. The move threatens to decimate China's $120 billion private tutoring industry and triggered a heavy selloff in shares of tutoring firms traded in Hong Kong and New York including New Oriental Education & Technology Group and Koolearn Technology Holding Ltd. All institutions offering tutoring on the school curriculum will be registered as non-profit organisations, and no new licences will be granted, according to the document, which says it was distributed by China's State Council,
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- 51Talk Online Education Group (NYSE: COE) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- 51Talk Online Education Group (NYSE: COE) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- 51Talk Online Education Group Files Annual Report on Form 20-F for Fiscal Year 2023PR Newswire
- 51Talk Online Education Group (NYSE: COE) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- 51Talk Online Education Group (NYSE: COE) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
COE
Sec Filings
- 4/29/24 - Form 20-F
- 3/22/24 - Form 6-K
- 2/29/24 - Form SC
- COE's page on the SEC website