[# New Oriental Education & Technology Group sets up a new company every 2 days on average.] recently, Yu Minhong said that New Oriental Education & Technology Group had suffered too many changes, resulting in an 80 per cent drop in revenue and the dismissal of 60, 000 employees. According to App, New Oriental Education & Technology Group has set up 89 companies since July 2021, with an average of one new company every two days. The new company's business scope includes Internet live broadcast services, stationery sales, sales of edible agricultural products, and so on.

Source: Tieji video