HONG KONG -- Shares of Koolearn Technology Holding doubled on Monday as investors cheered signs the former Chinese online education platform might be successfully pivoting toward livestream sales.
New Oriental Education & Technology Group, Koolearn's parent, also saw its stock rise as much as 25.5% in Hong Kong before closing up 13.1% at HK$14.48. Koolearn ended the day up 40% at HK$8.72, its highest close in a year.
