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Benzinga

World

The Bamboo Works

New Oriental Education Records Huge Loss, But Forges Ahead

New Oriental TAL China NYSE

Key takeaways:

New Oriental fell deeply into the red in its latest six-month reporting period after incurring massive costs from suspending its K-9 instruction business
Founder Yu Minhong said he is determined to defy all odds and chart a path forward by developing new businesses

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