Chinese education tech firm to repurchase $10m of its shares

17 Education & Technology Group Inc, a Chinese leading education technology company, announced recently a plan to repurchase $10 million worth of its shares over the next 12 months.

The repurchasing will be done in the form of privately negotiated transactions, block trades or other legally permissible means, the company said.

Recently, the company won the bid for a college project for intelligent homework-based precision teaching and adaptive learning, the total budget of which hit several tens of millions of yuan.