Group 1 - The US stock market experienced declines on November 7, 2025, with the Dow Jones falling by 0.8%, the S&P 500 down by 1.1%, and the Nasdaq decreasing by 1.9% [3] - The Golden Dragon Index, which reflects the performance of Chinese concept stocks, remained stable with a slight drop of less than 0.1% [3] Group 2 - The Hong Kong and mainland Chinese stock markets showed strong performance, with the A-share market rising for the second consecutive trading day. The Shanghai Composite Index increased by nearly 1% to close at 4,007 points, while the Shenzhen Component Index rose by 1.7% to 13,452 points, with total trading volume exceeding 2 trillion RMB [4] - The Hang Seng Index opened high, gaining 126 points and surpassing the 26,000-point mark, eventually closing up 550 points or 2.12% at 26,485 points. The Tech Index saw an increase of 2.7%, closing at 5,944 points, with total trading volume around 235 billion HKD [4] - Among the constituent stocks, China Hongqiao (01378.HK) performed the best with a nearly 10% increase, while SMIC (00981.HK) saw a rise of over 7.3%. Other tech stocks like Alibaba (09988.HK) and JD.com (09618.HK) also experienced gains of over 4% and 3.3%, respectively [4] - Only four constituent stocks declined, with Shenzhou (02313.HK) dropping nearly 2%, and others like Tingyi (00322.HK), New Oriental (09901.HK), and Galaxy Entertainment (00027.HK) falling by 1.4%, 0.9%, and 0.36% respectively [4] Group 3 - Following the recent surge, the Hang Seng Index stabilized above the 26,000-point level and remained above the 10-day and 20-day moving averages. However, trading volume did not increase, and the index approached resistance near 26,500 points, suggesting that without further positive news, the market may struggle to maintain levels above this point [5]

Core Points - The founder of New Oriental, Yu Minhong, confirmed the departure of Sun Dongxu, the former CEO of Oriental Selection, due to personal reasons [1][2] - Yu Minhong emphasized the significant contributions of Sun Dongxu to the development of Oriental Selection, stating that without his efforts, the company's success would not have been possible [2] - Sun Dongxu's resignation as CEO was officially recorded on December 16, 2023, with his total compensation for the period from June 1, 2023, to December 16, 2023, amounting to 33.603 million yuan, which includes salary, allowances, and benefits [2] Company Background - Oriental Selection was co-founded by Yu Minhong and Sun Dongxu during a critical business transformation period for New Oriental in 2021, focusing on live-streaming e-commerce [2] - Sun Dongxu played a key role in building the supply chain, improving the product selection system, and developing the app for Oriental Selection [2] - Following a controversy in late 2023, Sun Dongxu stepped down from his CEO position but continued to work behind the scenes on product selection, supply chain, and host management [2]

Core Viewpoint - The departure of Sun Dongxu, a non-executive director of Dongfang Zhenxuan, has been confirmed by Yu Minhong, the founder and chairman of New Oriental Education Technology Group [1] Group 1 - Sun Dongxu has left his specific role at Dongfang Zhenxuan, as stated by the company [1]

Core Viewpoint - The recent leadership change at Oriental Selection, with founder Yu Minhong taking over as CEO after the departure of Sun Dongxu, highlights the company's commitment to maintaining strong communication and leadership continuity during transitions [1][2]. Group 1: Leadership Changes - Yu Minhong announced that Sun Dongxu, co-founder of Oriental Selection, has decided to leave the company for personal reasons, despite encouragement to stay [1]. - Following the "small essay" incident, the board of directors at Oriental Selection officially appointed Yu Minhong as CEO, relieving Sun Dongxu of his duties as executive director and CEO, effective immediately [2]. Group 2: Company Communication - Yu Minhong emphasized the importance of maintaining good communication with all members of Oriental Selection and expressed confidence in the company's future growth [1].

Core Points - Yu Minhong, the founder of New Oriental, confirmed the departure of Sun Dongxu, emphasizing his contributions to the development of Dongfang Zhenxuan [1] - Sun Dongxu left due to personal reasons, despite encouragement from Yu Minhong to stay [1] - The communication between Yu Minhong and Sun Dongxu remains positive, with no conflicts reported [1] Group 1 - Sun Dongxu was previously removed from his positions as Executive Director and CEO of Dongfang Zhenxuan due to a controversy related to content creation [2] - Despite his departure, Sun Dongxu did not leave the New Oriental system and made a return to the Dongfang Zhenxuan live stream in November 2024 [2]

Core Points - The confirmation of Sun Dongxu's departure from Dongfang Zhenxuan was made by Yu Minhong on November 6, 2023 [1] - Yu Minhong acknowledged Sun Dongxu's contributions as a co-founder and expressed hope for his return in the future, despite Sun's decision to leave for personal reasons [2] - The communication between Yu Minhong and Sun Dongxu remains positive, with no conflicts reported [3] Summary of Events - In August 2023, rumors about Sun Dongxu's potential departure surfaced, leading to public speculation [5] - Initially, it was reported that Sun Dongxu was on vacation and had no plans to leave the company [5] - Sun Dongxu had previously faced controversy related to the "small essay" incident, which resulted in his removal as CEO and resignation from the non-executive director position [5][8]

Core Insights - The founder of New Oriental, Yu Minhong, confirmed that Sun Dongxu, co-founder of Oriental Selection, has decided to leave the company for personal reasons, despite encouragement to stay [1][4] - Yu emphasized the importance of Sun's contributions to the company's development and expressed hope for his return in the future [1] - The communication between Yu and Sun remains positive, with no conflicts reported [1] Company Developments - Sun Dongxu had been on a leave of absence since August, with media speculating about his potential departure [4] - His social media activity has been inactive for six months, with the last update in February [4] - In February 2023, Sun sold 386,000 shares over two days, cashing out over 200 million HKD, indicating a significant financial move [6] Leadership Context - Sun Dongxu, a key executive with a technical background, has been with New Oriental for 16 years and was appointed co-CEO at a young age of 33 [6] - His departure marks a notable change in the leadership structure of Oriental Selection, which may impact the company's future direction [1][6]

Core Viewpoint - The article discusses the departure of Sun Dongxu from Dongfang Zhenxuan, as confirmed by New Oriental Education Group's chairman, Yu Minhong, highlighting personal reasons for the decision [2]. Group 1 - Yu Minhong stated that both he and Sun Dongxu are the founders of Dongfang Zhenxuan [2]. - Sun Dongxu expressed a desire to leave the company after careful consideration, despite encouragement from Yu Minhong to stay [2]. - Yu Minhong ultimately agreed to Sun Dongxu's departure, indicating that he will no longer participate in the company's operations [2].

Group 1 - The core point of the article is the confirmation of Sun Dongxu's departure from New Oriental and Dongfang Zhenxuan by founder Yu Minhong [1] Group 2 - Yu Minhong made the announcement on November 6, 2025 [3]

11月6日，新东方教育集团有限公司董事长俞敏洪发文确认孙东旭从东方甄选离职。 （文章来源：第一财经） ...