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Tarena International, Inc. - TEDU STOCK NEWS

Welcome to our dedicated page for Tarena International news (Ticker: TEDU), a resource for investors and traders seeking the latest updates and insights on Tarena International stock.

TCTM Kids IT Education Inc. (NASDAQ: TEDU), formerly Tarena International, provides authoritative updates on this leading Chinese education provider's strategic evolution. Track official financial reports, operational changes, and market developments through our curated news collection.

Comprehensive Coverage Includes:

• Quarterly financial performance and cost optimization measures
• Strategic business realignments and market expansions
• Regulatory updates and Nasdaq compliance progress
• Innovations in STEAM education delivery methods

This resource serves investors analyzing TEDU's turnaround strategy and educators monitoring China's EdTech sector. All content comes from verified sources, maintaining strict neutrality regarding investment decisions. Bookmark this page for timely updates on TEDU's journey in reshaping IT-focused education across 50+ Chinese cities.

News
Rhea-AI Summary
TCTM Kids IT Education Inc. (NASDAQ: TCTM) announced a name change from Tarena International, Inc. and a ticker symbol change from TEDU to TCTM. The changes were approved at an Extraordinary General Meeting of Shareholders and will not impact operations or financials.
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Tarena International, a leading provider of IT-focused supplementary STEM education services in China, will change its ticker symbol on the Nasdaq from 'TEDU' to 'TCTM' effective on January 10, 2024. The CEO, Ms. Ying Sun, will lead the opening bell ceremony at the Nasdaq Capital Market on the same day to celebrate the first day of trading under the new ticker symbol. Tarena offers a diversified portfolio of IT-related courses for students aged between three and eighteen, with over 200 learning centers in over 50 cities in China and over 350,000 students cumulatively enrolled.
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Tarena International, Inc. (NASDAQ: TEDU) to Hold Extraordinary General Meeting of Shareholders to Consider Legal Name Change to 'TCTM Kids IT Education Inc.'
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Tarena International, Inc. (NASDAQ: TEDU) is holding an Extraordinary General Meeting on February 20, 2024, to consider changing its legal name to 'TCTM Kids IT Education Inc.' The meeting will take place in Beijing, China, and aims to ensure that the proposed name change does not affect shareholders' rights or the company's operations and financial position.
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Tarena International, Inc. (NASDAQ: TEDU) has announced the disposal of all equity interests in the professional education business to a buyer consortium led by Tarena Weishang Technology (Hainan) Co., Ltd. The transaction is expected to close around the end of March 2024.
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Tarena International, Inc. (NASDAQ: TEDU) announced the transfer of its American Depositary Shares (ADSs) from the Nasdaq Global Select Market to the Nasdaq Capital Market, following a notification from the Nasdaq Stock Market LLC regarding the company's failure to meet the continued listing requirement of minimum Market Value of Publicly Held Shares (MVPHS). The transfer is expected to take effect on November 17, 2023, and the company anticipates meeting all continued listing requirements for the Nasdaq Capital Market.
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Tarena International, Inc. announces Q2 2023 financial results. Total student enrollment in IT-focused supplementary STEAM education increased by 0.6%. Net revenues decreased by 16.0% YoY to RMB545.0 million. Gross profit decreased by 26.0% YoY to RMB278.7 million. Operating loss was RMB6.8 million. Net income was RMB8.3 million. Non-GAAP net income was RMB9.2 million. Basic income per ADS was RMB0.70. Diluted income per ADS was RMB0.67.
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Tarena International, Inc. (NASDAQ: TEDU) will report its unaudited financial results for Q2 2023 on August 28, 2023. The earnings conference call and live webcast will be held on August 29, 2023. Participants can register in advance for the conference call and access the webcast through the provided links.
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Tarena International, Inc. has received a notification from Nasdaq that it no longer meets the minimum Market Value of Publicly Held Shares requirement. The company has 180 days to regain compliance or face delisting.
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Tarena International, Inc.

Nasdaq:TEDU

TEDU Rankings

TEDU Stock Data

12.16M
21.83M
31.51%
0.99%
0.3%
Education & Training Services
Consumer Defensive
Link
China
Beijing