On Wednesday, Chinese private tutoring giant New Oriental posted total revenue of $754.2 million for the quarter ended in February, marking a 22.8% increase from the same period last year, surpassing a high estimate given by Yahoo analysts. Growth in revenue was largely thanks to new business in education as well as revenue generated by its East Buy livestreaming e-commerce business and private label products. The education firm pivoted to livestreamed e-commerce sales in the wake of government restrictions on private tutoring in the summer of 2021. CEO Zhou Chenggang noted that East Buy yielded millions in revenue during the quarter. The New York and Hong Kong dual-listed company also saw its net income surge 166.7% to $81.6 million between December and February. [New Oriental]