Editor's introduction: On the morning of November 9, Yu Minhong rang a gong, and New Oriental was listed for the second time. Since the trade war, companies listed in the United States have ushered in a trend of return. Some have returned to A shares and some have buy email list returned to Hong Kong stocks, but most of them are Internet companies, information technology and semiconductor industries that are more vulnerable to impact. As an education and training company, New Oriental is the first case of returning to the market from the United States. New Oriental, in the first ten years or even 20 years, is undoubtedly the most concerned education and training company in the domestic market. In 2006, it took the lead in stepping out of the capital market of domestic education and training institutions with "the power of one company". As of 2020, according to the fiscal buy email list year data released by major education and training companies, New Oriental is still the highest revenue in China. However, there are some market changes that make New Oriental, "historical light" and attention, is fading and declining: In 2017, the market value of New Oriental was surpassed by the latecomer TAL; in addition, the current "white-hot competition" in online education, a new generation of online education and training companies with a financing amount of 1 billion US dollars and 10 billion US dollars appeared. These new generation companies are becoming the "new focus". In contrast, when people talk about New Oriental, they gradually fall into a keyword of "mid-life crisis", buy email list and there are many voices questioning its organizational structure and systematic "combat capability". Just earlier this month, New Oriental completed its secondary listing on the Hong Kong Stock Exchange. Since its listing on the Hong Kong Stock Exchange, the market value of New Oriental once exceeded US$30 billion, creating a new high for its performance in the secondary market. The rise in share price means the recognition of investors.