New Oriental Education & Technology Group, Inc.
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New Oriental Education & Technology Group, Inc. is one of China's largest private educational services providers, offering test preparation, tutoring, pre-school education, and online learning services. The company historically focused on standardized test prep for exams like TOEFL, GRE, and Chinese university entrance tests, serving millions of students annually. Following Chinese regulatory restrictions on K-9 tutoring in 2021, New Oriental has pivoted toward overseas test prep, adult education, live-streaming e-commerce, and other permitted educational services. Founded in 1993 by Michael Yu, the company operates hundreds of learning centers across China despite significant regulatory headwinds.