Shares of New Oriental Education & Technology Group (NYSE: EDU) were climbing this week as some investors began dipping their toes back into Chinese technology stocks after many of the companies saw their share prices plunge over the past month.
Shares of New Oriental Education, the largest provider of private educational services in China, were up by about 10% over the past week.
New Oriental Education's share price cratered last month after the Chinese government began cracking down on after-school tutoring companies. The government announced in July that tutoring companies would have to function as non-profits and said that children couldn't take classes on nights or weekends. New Oriental's share price plummeted 74% last month as a result.
For further details see:
Why New Oriental Education Stock Jumped This Week