China Edu Tech Phoenix Revival
While the US market is crashing, China Education Tech companies are rallying like crazy.. EDU is up over 70% over the last month? Isn’t private tuition in China banned and ain’t these edu tech companies dead already?
So the answer is that these companies have evolved and changed their business models, their teachers have taken up the challenge and brought their game into live streaming platforms like DouYin! (Byte Dance)
新东方 means New Oriental, so this is one of their top teachers which when viral for being so passionate in sharing his experience and promoting this non-fiction Chinese classic book… in the end sales rocketed and viewers rushed to make orders.. they simply can’t wait to get this book into their hands.. they too want to learn and experience its essence!