Media: Yu Minhong urgently apologizes for improper remarks about New Oriental stock price?

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 Media: Yu Minhong urgently apologizes for improper remarks about New Oriental stock price?


A video of Yu Minhongs speech sparked a heated debate on the 18th. Yu Minhong said in his speech, The criterion for Chinese women to choose men is that they will make money. As for conscience, no matter how good they are, the degradation of Chinese women has led to the degeneration of the country.

This remark immediately aroused many celebrities and netizensdiscontent on the Internet. Actor Zhang Yuqi angrily said on Weibo, I can only say that neither Peking Universitys education nor New Orientals success can help you understand the value of women, nor can you understand what equal sexual relations are, nor even what equality is.

Source: Zhang Yuqi micro-blog

Some netizens commented that its unfair to say this and its too mentally retarded to simply attribute it to gender.

Netizen comment

Yu Minhong responded to the incident by posting a microblog on the evening of the 18th. Yu said, Today, when explaining the argument that the direction of evaluation determines the direction of education in a forum, I used the criterion of women looking for men as an example. The lack of expression caused misunderstanding among netizens. I apologize here. The real meaning I want to express is that the level of women in a country represents the level of the country. With the high quality of women and the high quality of mothers, children with high quality can be educated. Men are also guided by womens values, if women pursue intellectual life, men will become more intelligent; if women only have money in their eyes, men will struggle to earn money, ignoring spiritual cultivation. A woman is stronger than a man, but a country stronger.

Source: Yu Minhong micro-blog

It is reported that in 1980, Yu Minhong was admitted to the Department of Western Language of Peking University. After his undergraduate graduation, he stayed at the university to teach, and then resigned. In 1993, he founded Beijing New Oriental School, which was listed on the New York Stock Exchange in 2006, and became the first educational institution listed in the United States in mainland China.

In the secondary market, after rising to a stage high of $108.23 per share in June, the share price of New Oriental has nearly halved in the past five months. As of 16, the closing price fell 5.34%, and the stock price was quoted at 55.68 USD / share.

In addition, public information shows that New Oriental Group established New Oriental Online in 2005, and its chairman is Yu Minhong. In March 2017, New Oriental online officially launched three new boards with a valuation of 3 billion 200 million yuan. In December 26, 2017, New Oriental online said it had applied for termination of the listing because of the adjustment of its business development. On the evening of July 17, 2018, the HKEx first disclosed the prospectus of the new orient online to be listed in Hong Kong. According to media reports, New Oriental Online will start its road show promotion this week, with an IPO financing scale of US$2-300 million (HK$1.56-2.34 billion). At the time of this speech fermentation, what will be the impact on the opening of New Oriental on Monday and the upcoming New Oriental Online on Hong Kong Road? Source: Zhong Yang Jingwei editor: Yang Qiang _NN6027

In addition, public information shows that New Oriental Group established New Oriental Online in 2005, and its chairman is Yu Minhong. In March 2017, New Oriental online officially launched three new boards with a valuation of 3 billion 200 million yuan. In December 26, 2017, New Oriental online said it had applied for termination of the listing because of the adjustment of its business development. On the evening of July 17, 2018, the HKEx first disclosed the prospectus of the new orient online to be listed in Hong Kong. According to media reports, New Oriental Online will start its road show promotion this week, with an IPO financing scale of US$2-300 million (HK$1.56-2.34 billion).