Tarena International Inc. (TEDU) stock prices were down by 12.90% as of the market closing on October 26th 2021. This brought the price per share down to USD$1.08. Subsequent premarket fluctuations saw the stock rise by 7.41%, bringing it up to USD$1.16.
TEDU Stock Partners with Xueda
October 21st 2021 saw TEDU stock announce having entered into a strategic cooperation agreement with Xueda Education Group. As per the agreement, the collaborative partners will see to establish an in-depth partnership framework between both parties in quality education businesses. This includes adult professional education, childhood and adolescent computer coding and robotics programming courses, robotics competitions and training camps. Following the cooperation agreement, the company is responsible for the curriculum development and tutoring management for the relevant businesses. Xueda will be charged with the student recruitment, marketing activities and the provision of classroom area and relevant facilities.
TEDU stock is backed by 19 years of experience in offline tutoring education, while Xueda has an established track record of 20 years. The commensurate understanding and commitment on education philosophy and teaching methods will facilitate the collaborative establishment of the foundation of the in-depth strategic cooperation. The company has been allocating resources towards the enhancement of the quality of its comprehensive products and services since its inception.
Scope of Partnership
The strategic collaboration is hoped to benefit both parties mutually, spanning more than a simple cooperation in product and service transaction. Rather, the companies are facilitating a deeper cooperation at the business and operation level, pioneering an all-round cooperation between the partners within the education sector.
About TEDU Stock
TEDU stock is an industry leader with its provision of adult professional education and childhood and adolescent quality education services across China. Its innovative education platform will serve to combine live distance instruction, classroom-based tutoring and online learning modules. The company offers adult professional education courses in both Information Technology and non-IT subjects.
Future Outlook for TEDU Stock
The company is keen to maintain its trajectory of success in a bid to usher in unprecedented growth. TEDU stock is poised to capitalize on the expanded scope of opportunities afforded to it as a result of its recent partnership with Xueda. Current and potential investors are hopeful that management will be able to effectively leverage the resources at their disposal. This is hoped to facilitate consistent and organic increases in shareholder value over the long term.