Oriental Selection has upgraded its price guarantee mechanism: self-operated food is guaranteed for 7 days and non-food items are guaranteed for 30 days.

According to news from this site on January 8, Oriental Selection announced that it will upgrade the price guarantee mechanism from now on.

• All self-operated products: From the date of payment, the food price is guaranteed for 7 days, and the non-food price is guaranteed for 30 days.

• Third-party store products (except fresh fruits): From the date of payment, food is guaranteed for 7 days and non-food is guaranteed for 15 days.

Oriental Selection Holdings Co., Ltd. announced that its board of directors has approved the proposed sale of its education business to parent company New Oriental for a total price of 1.5 billion yuan.

According to the announcement, Oriental Selection will exit the online education market after completing the sale and will no longer include education business. At the same time, all related transactions with New Oriental Group regarding the education business will also be terminated.

Oriental Selection said: "The Group no longer operates in the field of online education, but has become a specialized self-operated product and live broadcast business operator."

Oriental Selection It plans to use a portion of the proceeds for future development. Among them, 10% will be used for marketing and sales to enhance brand awareness and expand sales channels. The other 10% will be used for talent attraction and retention to attract high-quality talents to join the team and stimulate the continued development of existing employees. 20% of the funds will be invested in research and development to promote product innovation and technological progress. 40% of the funds will be used for other general development and operation of self-operated products and live broadcast business to meet market demand and expand business scale. Finally, 20% of the amount will be used as general working capital to ensure the company's normal operations and development.

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