China must set its sights on expanding the job market next year, especially for university graduates and migrant workers, experts at a labour ministry conference have said, as the country’s top leaders gather in Beijing to set future economic policies, reported the South China Morning Post. Hundreds of officials are in the capital for the […]
Category: Employment & Education
TikTok owner ByteDance is upping the ante by increasing its presence in China’s highly competitive online educational market. The tech giant is creating a standalone brand that will take over all of its education products, as demand for e-learning has soared amid the Covid-19 pandemic, reported Caixin. Chen Lin, former head of ByteDance’s news aggregation platform Jinri Toutiao, is […]
New Oriental Education and Technology Group, one of China’s largest and oldest providers of educational services, will raise up to $1.53 billion through a second listing in Hong Kong, the company said, seizing on positive investor sentiment towards such firms during the global pandemic, reported Caixin. The deal will make New Oriental the latest in […]
Beijing-based education technology startup Yuanfudao said on Thursday that it has secured $2.2 billion from major Chinese and international investors in two recent rounds of financing that it said lifts the company’s valuation to $15.5 billion, reported Reuters. One round of financing was led by Chinese social media and gaming giant Tencent, with participation from […]
Cathay Pacific Airways will eliminate 8,500 job posts, making 5,900 staff redundant, and shut one of its regional airlines with immediate effect under a global HK$2.2 billion ($284 million) restructuring to cope with the pandemic fallout, the company revealed on Wednesday, reported the South China Morning Post. About a quarter of positions across the group […]