New Oriental CEO is under investigation, Yu Minhong responds: Completely rumors.

Today, in the Hong Kong stock market, East Selection plunged rapidly by 20% in the afternoon session, after previously rising by 23%. On the news front, there have been online rumors circulating that the CEO of New Oriental Group, Zhou Chenggang, is under investigation. In response to this, the founder of New Oriental, Yu Minhong, told Sina Technology: "It is a complete rumor."