Recess ends for China’s private-school startups, says sharonlamhk:
TAL Education said on April 25 that net income for the year ended Feb. 28, 2019 increased by 85% year-over-year to $367 million. The company also said that average student enrollments per quarter in the fiscal year 2019 increased by 88% year-over-year.
New Oriental Education & Technology Group said on April 23 that net income increased by 43% year-over-year to $97 million for the third quarter, while quarterly student enrollments increased by 82% year-over-year. China’s population is set to peak at 1.41 billion in 2023, according to a report by Global Demographics and Complete Intelligence released on May 2.
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