It is mainly influenced by national policies, because now China has severely cracked down on off-campus tutoring institutions, which has led to the cold winter of New Oriental educational institutions. Prior to this, the momentum of educational institutions was also very hot, and influenced by the exam-oriented education in China, many talented students made a lot of profits by setting up educational institutions outside the school, and parents were particularly willing to send their children to these counseling institutions to study, so as to improve their academic performance and combine their children with their ideal universities.

First, the impact of national policies.

At present, China implements the "double reduction" policy, and all off-campus counseling institutions are required to stop running, which makes almost all off-line counseling institutions stop working and close down, causing great losses to counseling institutions. As a first-class counseling institution in China, New Oriental also suffered heavy losses, with its turnover reduced by 80% and 60,000 employees dismissed. It can be said that the situation of New Oriental Company is not optimistic.

Second, transform agricultural products.

Before our country severely cracked down on extracurricular tutoring institutions, it can be said that the profits of New Oriental were very rich. First of all, the propaganda of New Oriental has been welcomed by many people. Secondly, the teachers in New Oriental are also excellent, almost all of them are high flyers in 1985. Moreover, the teachers in New Oriental are humorous, which makes it easier for students to understand and makes many parents trust New Oriental more. However, as the counseling institutions were severely hit, Yu also led the team such as New Oriental to start transformation and became an e-commerce platform with agricultural products screening and sales as the core. Yu said in the live broadcast that he sold all agricultural products and he also hoped to provide value-added services for farmers across the country.

However, it is undeniable that he is a very successful businessman. He won the support of students from many educational institutions. When educational institutions were severely hit by national policies, he began to transform into agricultural products. I also believe that he will do a good job in agricultural products.