曾是印度最知名教育科技初创企业之一的 Unacademy，如今估值或已不足 5 亿美元，较疫情时期的峰 值缩水 85%。目前该公司正经历大幅业务重整，同时也在探索并购相关选项。 在周三于 X 平台发布的纪念公司成立十周年的详细声明中，Unacademy 首席执行官高拉夫・蒙贾尔表 示，公司估值已从三年前 35 亿美元的峰值大幅跌至如今的不足 5 亿美元，同时他也证实公司正在进行 并购洽谈。 自疫情以来，印度教育科技行业格局已发生剧变。疫情封锁期间，该行业迎来了罕见的发展机遇， Unacademy、Byju's 等初创企业曾筹集数十亿美元资金，大举招兵买马，并在销售和营销领域投入巨资 以吸引客户。但随着封锁措施解除、学生重返线下课堂，行业增长陷入停滞。 三年前还是印度估值最高初创企业的 Byju's，如今估值已实质上被减记至零，且已于去年 9 月进入破产 清算程序。今年 11 月，美国一家破产法院责令其创始人拜朱・拉温德兰支付超 10.7 亿美元赔偿金，原 因是其无视法院指令，且就公司美国子公司 5.33 亿美元资金转移（该笔资金最终未追回）一事做出 "回 避性、不完整" 的回应。 与此同时，长期被视为行业 " ...

Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for securities fraud, following significant stock drops attributed to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of Virginia, titled MacMahon v. Stride, Inc., et al., No. 1:25-cv-02019 [3]. - Investors have until January 12, 2026, to request to be appointed to lead the case [3]. Group 2: Allegations Against Stride - Stride is accused of inflating enrollment numbers by retaining "ghost students" and failing to comply with employee background checks and licensure laws [4][5]. - The company claimed to experience growth and high demand for its services, which is contradicted by the allegations of poor customer experience leading to higher withdrawal rates and lower conversion rates [4]. Group 3: Stock Performance Impact - On September 14, 2025, a report of the lawsuit caused Stride's stock to drop by $18.60 per share, over 11%, from $158.36 to $139.76 [5]. - Following Stride's admission of poor customer experience on October 28, 2025, the stock plummeted by $83.48 per share, more than 54%, from $153.53 to $70.05 [6].

证券代码：003005 证券简称：竞业达 | 投资者关系活动 | 特定对象调研 □分析师会议 ☑ | | | --- | --- | --- | | 类别 | □媒体采访 □业绩说明会 | | | | □新闻发布会 路演活动 | | | | □现场参观 | | | | □其他 （请文字说明其他活动内容） | | | | 上市行、天瑞万合基金、比爾基金、天风资管、维英资本 | | | 参与单位名称 | 、弘璟（北京）投资、北京中投万方、常州投资、上海证 | | | | 券、华龙证券 | | | 时间 | 2025 年 12 月 9 日下午 | | | 地点 | 北京竞业达数码科技股份有限公司会议室 | | | 方式 | 现场会议 | | | 上市公司 接待人员姓名 | 董事会秘书：王栩 | | | | 1、公司在教育业务上的核心竞争力？ | | | 投资者关系活动 | 公司在智慧教育领域深耕近三十年，对垂直场景的用 | | | | 户需求与业务逻辑形成了深刻理解，并积累了庞大的多模 | | | | 态训练数据资源，以此为基础完成了 1 个教育大模型和 | 7 | | 主要内容介绍 | 个深度合成服务算法的备案 ...

Core Insights - 17 Education & Technology Group Inc. reported a significant decline in net revenues for the third quarter of 2025, amounting to RMB20.0 million (US$2.8 million), a decrease of 66.4% year-over-year from RMB59.6 million in Q3 2024 [6][9] - The company experienced a net loss of RMB44.5 million (US$6.3 million) in Q3 2025, compared to a net loss of RMB17.4 million in Q3 2024, reflecting a worsening financial position [18][19] - Despite the financial challenges, the company is focusing on AI transformation and product development, with the launch of new AI products aimed at enhancing user engagement and learning efficiency [5][8] Financial Performance - Net revenues for the first nine months of 2025 were RMB67.1 million (US$9.4 million), down from RMB152.6 million in the same period of 2024 [6][36] - Gross margin for Q3 2025 was 51.2%, down from 60.9% in Q3 2024, indicating increased cost pressures [11] - The adjusted net loss (non-GAAP) for Q3 2025 was RMB38.2 million (US$5.4 million), compared to an adjusted net loss of RMB5.7 million in Q3 2024 [19][35] Operational Highlights - The company reduced operating expenses by 1.9% year-over-year in Q3 2025, totaling RMB56.9 million (US$8.0 million) [12] - Research and development expenses increased by 19.2% year-over-year to RMB15.2 million (US$2.1 million) as the company invests in new product development [15] - Cash reserves as of September 30, 2025, were RMB341.9 million (US$48.0 million), down from RMB359.3 million at the end of 2024, indicating a stable cash position despite losses [21] Strategic Initiatives - The successful launch of the "Yiqi Aixue" AI membership product is seen as a milestone in the company's AI transformation strategy, aimed at providing personalized learning experiences [5][7] - The company is prioritizing resources on school-based projects, which require longer revenue recognition periods, leading to a reduction in revenues from district-level projects [9] - Management emphasizes the importance of operational efficiency and resource investment to support future growth and cash flow [8][4]

Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][2]. Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [3]. Allegations - The lawsuit claims that Stride inflated enrollment numbers by retaining "ghost students," failed to comply with employee background checks and licensure laws, and provided a poor customer experience leading to higher withdrawal rates and lower conversion rates [3][4]. Stock Performance - On September 14, 2025, Stride's stock dropped by $18.60, or over 11%, from $158.36 to $139.76 per share following the fraud allegations [4]. - On October 28, 2025, Stride admitted to issues with customer experience, resulting in an estimated 10,000-15,000 fewer enrollments, causing the stock to plummet by $83.48, or more than 54%, from $153.53 to $70.05 per share [5]. Legal Proceedings - Investors have until January 12, 2026, to request to lead the case in the U.S. District Court for the Eastern District of Virginia [2].

Core Viewpoint -卓越睿新 (02687) has experienced significant stock price appreciation since its listing, with an increase of over 120% from its IPO price of 67.5 HKD, reflecting strong market interest and investor confidence in the company's growth potential in the digital education sector [1] Company Overview -卓越睿新 is a provider of digital solutions for higher education institutions, established in 2008 and launched its brand "智慧树" in 2013 [1] -According to Frost & Sullivan, the company ranks second in revenue within the Chinese higher education digital teaching market, holding a market share of 4.0% for 2024 [1] -The company leads the market in the digital teaching content production segment, with a revenue ranking of first and a market share of 7.3% [1] Stock Performance -卓越睿新’s stock rose by 87% on its first trading day and continued to increase by over 17% in the following morning session, reaching a high of 148.9 HKD [1] -As of the latest update, the stock price is reported at 142.5 HKD, with a trading volume of 24.0066 million HKD and a total market capitalization approaching 10 billion HKD [1]

Core Viewpoint -卓越睿新 (02687) has seen a significant increase in stock price since its debut, reflecting strong market interest and confidence in its business model as a provider of digital solutions for higher education [1] Company Overview -卓越睿新 is a provider of digital solutions for teaching in higher education, established in 2008 and launched its brand "智慧树" in 2013 [1] -According to Frost & Sullivan, the company ranks second in revenue in the digital education market for higher education in China, holding a market share of 4.0% [1] -The company leads in revenue within the digital content production market for higher education in China, with a market share of 7.3% [1] Stock Performance -卓越睿新's stock rose by 87% on its first trading day and increased by over 17% in the morning session of the following day, reaching a high of 148.9 HKD, which is over 120% higher than its IPO price of 67.5 HKD [1] -As of the latest update, the stock is up 12.74%, trading at 142.5 HKD, with a trading volume of 24.0066 million HKD and a total market capitalization approaching 10 billion HKD [1]

LRN CLASS NOTICE: Stride, Inc. Securities Class Action Lawsuit is Pending, Investors Notified to Contact BFA Law by January 12December 08, 2025 8:08 AM EST | Source: Bleichmar Fonti & AuldNew York, New York--(Newsfile Corp. - December 8, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Stride, Inc. (NYSE: LRN) and certain of the Company's senior executives for securities fraud after significant stock drops resulting fro ...

Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][2]. Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [3]. Allegations - The lawsuit claims that Stride inflated enrollment numbers by retaining "ghost students," failed to comply with employee background checks and licensure laws, and experienced poor customer service leading to higher withdrawal rates and lower conversion rates [3][4]. Stock Performance - On September 14, 2025, Stride's stock dropped by $18.60, or over 11%, from $158.36 to $139.76 per share following the fraud allegations [4]. - On October 28, 2025, Stride acknowledged that poor customer experience led to an estimated 10,000-15,000 fewer enrollments, resulting in a further stock drop of $83.48, or more than 54%, from $153.53 to $70.05 per share [5]. Legal Proceedings - Investors have until January 12, 2026, to request to lead the case in the U.S. District Court for the Eastern District of Virginia [2].

Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for securities fraud, following significant stock price drops attributed to alleged violations of federal securities laws [1][3]. Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [4]. Allegations and Stock Impact - The lawsuit claims that Stride inflated enrollment numbers by retaining "ghost students" and ignored compliance requirements, leading to poor customer experiences and higher withdrawal rates [4]. - On September 14, 2025, a report of fraud allegations caused Stride's stock to drop by $18.60, or over 11%, from $158.36 to $139.76 per share [5]. - Following an admission of poor customer experience on October 28, 2025, Stride's stock plummeted by $83.48, or more than 54%, from $153.53 to $70.05 per share [6]. Legal Proceedings - Investors have until January 12, 2026, to request to lead the case in the U.S. District Court for the Eastern District of Virginia [3]. - The lawsuit is titled MacMahon v. Stride, Inc., et al., No. 1:25-cv-02019 [3]. Investor Actions - Investors in Stride are encouraged to seek additional information and consider their legal options regarding the class action lawsuit [2][7].