The Zhitong Finance App learned that Oriental Selection (01797) once rose by more than 17%. As of press release, it had risen 15.88% to HK$24.66, with a turnover of HK$412 million.
According to the news, according to New Retail Finance, at 10 a.m. on July 16, Oriental Select officially opened its first store and the country's third offline store officially opened in the 21st Century Community, Huayuan North Road, Jinshui District, Zhengzhou. Just a day earlier, Oriental Select's first store in the northwest and the second store in the country opened on the first floor of the New Oriental Building in Beilin District of Xi'an. According to reports, in May of this year, Oriental Choice officially opened its first offline experience store in the country in Zhongguancun, Beijing. Guosheng Securities pointed out that the company is exploring new models such as vending machines, offline stores, and instant retail; it is also launching targeted transformation tests for parents of New Oriental students, and the group collaboration is expected to further deepen.
It is worth mentioning that in a live broadcast a few days ago, Yu Minhong responded to Sun Dongxu's partnership with Shi Ming and Tianquan to start an e-commerce business. He said that with the exception of core sensitive positions, New Oriental basically has no competition restriction agreements, and employees can completely engage in similar business the next day after leaving their jobs. According to his account, over the past 30 years, New Oriental's education and training business has also had thousands of employees. Many people have set up businesses and even gone public, yet New Oriental itself has not collapsed as a result and is still developing steadily.