On the Record · New Oriental Education & Technology
New Oriental Education & Technology acquisitions, on the record
The businesses New Oriental Education & Technology bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Time with Yuhui (Beijing) Technology LtdWord for word“Yuhui Dong, and Time with Yuhui (Beijing) Technology Ltd, or Time with Yuhui, a wholly-owned subsidiary of Beijing Xuncheng that primarily engages in businesses under the brand “Time with Yuhui,” entered into an agreement under which Beijing Xuncheng agreed to sell, and Mr. Yuhui Dong agreed to acquire, 100% of the equity of Time with Yuhui for approximately RMB76.59 million.” 20-F for 2025 | agreed divestiture | — | approximately RMB76.59 million |
East Buy's online education businessWord for word“On November 21, 2023, as part of our business line reorganization, our wholly-owned subsidiary Elite Concept Holdings Limited and our variable interest entity New Oriental China entered into an agreement with East Buy and its subsidiaries and variable interest entity, pursuant to which Elite Concept Holdings Limited and New Oriental China agreed to acquire East Buy’s online education business at an aggregate consideration of RMB1.5 billion.” 20-F for 2025 | acquisition | — | RMB1.5 billion |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2017-05-31 | $908,000 | $5.5 million |
| 2018-05-31 | $999,000 | $16.2 million |
| 2019-05-31 | $36.4 million | $55.6 million |
| 2020-05-31 | −$1.1 million | $2.8 million |
| 2021-05-31 | $12.7 million | $13.4 million |
| 2023-05-31 | −$886,000 | $39 million |
| 2024-05-31 | — | $0 |
Read from New Oriental Education & Technology’s annual reports (20-F for 2026, 20-F for 2025, 20-F for 2024) and the financial data it files with the SEC, as of 2026-09-22. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.