New Oriental Education & Technology Group Stock

Description New Oriental Education & Technology

New Oriental Education Technology Group Inc. is a leading provider of private educational services in China. The company offers a wide range of educational programs, services, and products to students in various age groups in China, including language training and test preparation courses, as well as primary and secondary school education.

New Oriental Education Technology Group Inc. was founded in 1993 and is based in Beijing, China. The company is listed on the New York Stock Exchange (NYSE) under the symbol EDU. Its shares are also traded on the Hong Kong Stock Exchange.

In recent years, New Oriental Education Technology Group Inc. has expanded its business into the online education market, offering online courses and services to students all over China. The company is widely recognized as one of China's most successful education service providers and continues to enjoy strong growth prospects in the years to come.

Competitors of New Oriental Education & Technology

As a provider of private educational services in China, New Oriental Education Technology Group (Symbol EDU) faces several important competitors in the market. Here are some of the key competitors of New Oriental Education Technology.

1. TAL Education Group (NYSE: TAL) - TAL is the largest after-school tutoring services provider in China, offering tutoring and test preparation courses to K-12 students.

2. China Distance Education Holdings Limited (NYSE: DL) - China Distance Education Holdings is a leading provider of online education in China, specializing in offering courses and degree programs in various academic disciplines.

3. GSX Techedu Inc. (NYSE: GSX) - GSX Techedu is another online education company in China that provides online K-12 after-school tutoring services and covers subjects like English, mathematics, and sciences.

4. Bright Scholar Education Holdings Limited (NYSE: BEDU) - Bright Scholar is a leading operator of K-12 schools in China, with a network of more than 100 schools in China and overseas.

5. China Education Group Holdings Limited (HKEX: 0831) - China Education Group is a well-established provider of private educational services in China, focusing on providing kindergarten to senior secondary education services to students.

Overall, the market for private educational services in China is highly competitive, with many players vying for market share. New Oriental Education Technology Group will need to continue to innovate and offer high-quality educational services in order to stay competitive in this market.

Suppliers of New Oriental Education & Technology

New Oriental Education Technology (Symbol EDU) is a Chinese education company that offers language training and test preparation courses, as well as other educational services.

As a service-based company, New Oriental Education Technology relies on a variety of suppliers to support its operations. Some of the most important suppliers for the company include:

1. Office and classroom supplies: New Oriental Education Technology requires a range of office and classroom supplies to run its operations. This includes textbooks, course materials, office equipment, and furniture. The company sources these supplies from a variety of suppliers, including local and international vendors.

2. Technology providers: New Oriental Education Technology also relies on technology providers to support its online and distance learning offerings. This includes software providers, internet service providers, and cloud-based service providers. The company works with a range of vendors to ensure it has access to the latest technology platforms and tools.

3. Human resources: As a service-based company, New Oriental Education Technology also relies on a talented team of educators and administrative staff to deliver its services. The company may partner with recruitment agencies and headhunters to find the best talent for its team.

Overall, New Oriental Education Technology relies on a range of suppliers to support its operations. By partnering with a diverse group of vendors, the company can ensure it has access to the resources it needs to deliver high-quality educational services to its customers.