OneSmart records revenue RMB780 million in Q2, and reaches cooperation with Tmall

Yesterday, OneSmart Education Group and Tmall cooperated to hold a product upgrade conference and the two sides signed a strategic cooperation agreement.

Yesterday, OneSmart Education Group and Tmall cooperated to hold a product upgrade conference and the two sides signed a strategic cooperation agreement.

According to official data from OneSmart Education Group, the company has served more than 160,000 students during the epidemic.

In the second quarter of fiscal 2020, the company’s cash sales reached 785 million, and the renewal rate in the second quarter reached more than 90%.

It recorded cash income of more than 780 million yuan, a year-on-year increase of more than 20%, and most of it was online income.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/24/onesmart-records-revenue-rmb780-million-in-q2-and-reaches-cooperation-with-tmall/.

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