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01797 EAST BUY
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About EAST BUY Company
Our position is to be a live shopping platform that selects good products for customers; a product and technology company that focuses on proprietary agricultural products selected by Oriental brands; and a cultural communication company that brings customers a pleasant spiritual experience. By providing high-quality products and services and promoting traditional Chinese culture and positive values, we hope to provide every customer with a beautiful, healthy and quality of life. New Oriental Online Technology Holdings Co., Ltd. was founded by New Oriental in 2005. New Oriental is a pioneer in the private education industry in China and has nearly 30 years of experience. Adhering to the mission of improving public welfare and creating value for society, since 2021, we have expanded our own products and live e-commerce business and established Oriental Selection, which has become a well-known platform for selling high-quality, cost-effective agricultural and other products. Currently, our business covers proprietary products and live e-commerce, university education, overseas exam preparation, and institutional cooperation. Currently, following the “customer-centric” strategy, Oriental Selection has set up six live streaming accounts on Douyin, forming a live streaming matrix. Product categories and SKUs have also been gradually expanded. Currently, including agricultural products, food, books, and daily necessities, our brand's position in the industry is becoming more and more prominent, gaining millions of repeat customers and loyal fans and members. Through strict supply chain management and diversified cooperation with different third parties, we help people choose high-quality agricultural and other products. At the same time, we create value for customers by providing a variety of proprietary products under brands selected by Oriental. These products are healthy, high-quality and cost-effective, including fresh food, juice, coffee, tea, bedding, etc. Furthermore, Oriental Selection focuses on developing cultural content, and has begun to increase cooperation with local governments to promote specialty agricultural products, contribute to cultural tourism, and create value for society.
Revenue Breakdown
News
Oriental Selection (01797.HK) awarded 30,000 share rewards to non-executive director Sun Chang
Gelonghui November 28 | Oriental Selection (01797.HK) announced that on November 28, 2023, the company awarded 30,000 share rewards to its non-executive director, Ms. Sun Chang, in accordance with the 2023 plan.
CITIC Securities's 24-year strategy for the education industry: Actively pay attention to industry changes, leading companies move up the ranks
CITIC Securities believes that along with the positive changes in the education industry, some leading companies are expected to show strong growth potential.
East Buy Obtains HK$1.6 Billion Funding From Parent New Oriental Education
East Buy Holding (HKG:1797) is set to raise HK$1.63 billion by issuing new shares to its controlling shareholder New Oriental Education & Technology (HKG:9901). New Oriental intends to subscribe to 51
Comments
TF Securities: EAST BUY Placing Shrs to Parent Co. NEW ORIENTAL Positive to Both Sides
TF Securities said that it continues to be firmly optimistic about the growth potential of the two parties. $NEW ORIENTAL-S(09901.HK$ , as an educational entity, is currently benefiting from the release of supply clearing demand, and it...
EAST BUY to Sell Education Biz to Parent Co., Expects to Record RMB1.65B Gain
The Company currently expects to record a gain on the Disposal of approximately RMB1.653 billion. The Education Business comprises the entire equity interest of Dongfang Youbo (HK) Education...

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