From Sina Sci-Tech, translated by CDT:
New Oriental School/新东方学校((NOS) listed its stock to New York Stock Exchange(NYSE) on Sep. 7th, raising fund of USD112.5 million dollars. It was the first private Chinese educational organization offshore appeared on NYSE market.
NOS is the most influencial and largest oversea English test training center in China, like an unoffiecail ETS in China. A number of Chinese students called that their oversea studying dream started from there. The center was started in 1993. Until 2004, NOS had trained two million Chinese people.
Back to 2001 NOS was accused to pirate ETS’ copyright. In 2003 NOS payed ETS RMB370,000 yuan (USD4,5000 dollars) as a compensation. It became a well-know intellectual property rights( IPR) issue between China and the USA at that time.
See the original article in Chinese: [Full Text]
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