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The Latest Breaking News from STG

Rosica Officially Exits Avid

Rosica announced his resignation from Avid in November after the company was acquired by STG for $1.4 billion

3 China Stocks With Potential to Soar

3 China Stocks With Potential to Soar

With the higher-than-expected economic growth in the first quarter, China seems on track to achieve its GDP target of around 5% in 2024 despite the struggling real estate market. Thus, fundamentally solid China stocks Sunlands Technology (STG), China Automotive Systems (CAAS), and X Financial (XYF) could be ideal buys now.…

Wellford Dillard Appointed As New CEO Of Avid Technology Company

Wellford Dillard Appointed As New CEO Of Avid Technology Company

Avid appoints Wellford Dillard as new CEO, bringing extensive software industry experience. Exciting leadership change at Avid.

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Top 3 China Stocks Unleashing Gains in February

Despite facing challenges, China's economy exceeded its growth rate expectations last year. Moreover, the recent surge in consumer spending indicates a promising outlook ahead. Hence, fundamentally sound China stocks Vipshop Holdings (VIPS), China Automotive Systems (CAAS), and Sunlands Technology (STG) might be solid buys for gains this month. Read on.

3 China Stocks to Buy Climbing the Charts

Several officials and experts indicate a positive outlook for the Chinese economy in 2024, playing a crucial role in driving global economic growth. Amid an optimistic economic backdrop, it could be wise to invest in top China stocks Ping An Insurance (Group) (PNGAY), Sunlands Technology (STG), FinVolution (FINV) for substantial…

The Top 3 China Stocks Securing Investor Portfolios

Despite various challenges, the Chinese economy has consistently exhibited remarkable and steadfast resilience, maintaining robust growth. Therefore, three Chinese stocks, Vipshop Holdings (VIPS), Sunlands Technology (STG), and X Financial (XYF), could be ideal buys. Read more….

Avid CEO Jeff Rosica to Retire

Announcement comes days after STG completes $1.4B acquisition

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STG Closes Acquisition of Avid

STG Closes Acquisition of Avid

Company is now privately held, and its common stock has ceased trading

Pro Tools manufacturer Avid acquired by private equity firm for $1.4bn

Pro Tools manufacturer Avid acquired by private equity firm for $1.4bn

Acquired by STG, Avid is the maker of Media Composer, Sibelius and the industry-standard DAW Pro Tools

Avid to Be Acquired by an STG Affiliate for $1.4B

Avid to Be Acquired by an STG Affiliate for $1.4B

The private equity group expects the deal to close in Q4 2023

3 'A' POWR Rated China Stocks With Tons of Buying Interest

3 'A' POWR Rated China Stocks With Tons of Buying Interest

Despite the challenges, the Chinese economy has exhibited resilience in navigating the pressure and maintaining stability. Thus, fundamentally strong stocks X Financial (XYF), China Automotive Systems, Inc. (CAAS), and Sunlands Technology Group (STG), rated A (Strong Buy) in our POWR Ratings system, could be ideal picks. Let’s discuss….

Chelsea owners Clearlake Capital confirm staggering $2bn deal ahead of vital transfer window

Chelsea owners Clearlake Capital confirm staggering $2bn deal ahead of vital transfer window

Chelsea news: Clearlake Capital continue to make major business deals whilst the Blues plan for a vital summer under the watch of Todd Boehly.

Football London

3 China Stocks Smart Money Is Following

3 China Stocks Smart Money Is Following

While worldwide counterparts saw weaker growth due to inflation and rising interest rates, China’s GDP soared in the first quarter of 2023. With the nation’s upward momentum expected to persist, it could be wise to load up on robust China stocks X Financial (XYF), China Automotive (CAAS), and Sunlands Technology…

2 China Stocks Worth Investors' Attention

2 China Stocks Worth Investors' Attention

As China shifts gears from reopening to a phase of economic growth, the world's second-largest economy's long-term prospects look promising. Hence, fundamentally robust stocks, Sunlands Technology (STG) and Tarena International (TEDU), which are primed for growth, could be worth investors’ attention now. Keep reading….

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The Best China Stocks to Buy This Week

Following the lifting of pandemic restrictions in December, China’s economy is set to rebound this year with accelerating mobility and activity. Moreover, upbeat economic data in the first two months of this year indicates that the nation’s expected recovery is broadly on track. Thus, it could be an opportune time…

Read How Sunlands Technology Fared In Q1

Sunlands Technology Group (NYSE:STG) reported a first-quarter FY22 sales decline of 11.7% year-on-year to $96.7 million. EPS for the quarter was $4.28. The gross billings for the quarter decreased 34.2% Y/Y to RMB390.6 million ($61.6 million). The gross profit for the quarter fell 12.1% to RMB516.6 million ($81.5 million), with a margin of…

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