中国教育_11 季度预览及 2026 年关注点_增长范式转变与 AI 重塑持续；好未来仍是首选标的
2026-01-09 05:13

8 January 2026 | 3:34PM HKT Equity Research CHINA EDUCATION Nov-Q preview and what to look for in 2026: Growth paradigm shift and AI reshaping ongoing; TAL remains the preferred name Into 2026, we believe the ongoing growth paradigm shift in China's K-12 education sector (details in our Aug 2025 note) remains the most important theme for investors to monitor, which is underpinned by multiple factors: 1) reducing K-9 student population resulting from declining birth rates, which leads to long-term pressure o ...