What happened Shares of New Oriental Education and Technology Group (NYSE: EDU) were climbing last year as the Chinese tutoring service posted strong growth and saw its enrollment spike, showing that its expansion is paying off. Shares of New Oriental finished the year up 121%, according to data from S&P Global Market Intelligence, while its rival TAL Education Group jumped 80% -- proof that the tutoring industry is thriving in China. As the chart below shows, shares of New Oriental rose over the course of the year as investors realized the opportunity that New Oriental is tapping into. EDU data by YCharts. So what New Oriental shares surged out of the gate, climbing nearly 50% through January as the company got some analyst endorsements and turned in a strong second-quarter earnings report. The results included revenue growth of 33.6% in constant currency to $597.1 million. Adjusted earnings per share rose from $0.09 to $0.14, which was better than the analyst consensus for $0.01 per share. Enrollment during the period rose 24% to 2.32 million. Image source: Getty Images. Toward the end of March, the stock got another boost as it listed its subsidiary Koolearn in Hong Kong. In New Oriental's third-quarter earnings report in April, enrollment soared 82% on a reported basis, but was between 40% and 45% after adjustments. Revenue jumped 29% to $797 million, and adjusted earnings per share rose 19% to $0.69. Shares pulled back in May on trade tensions between the U.S. and China, but the stock got another boost in its July earnings report, rising 9% as enrollment rose 34% and revenue jumped 20% to $843 million. The stock whipsawed in October following another solid earnings report, and traded flat over the rest of the year. Now what New Oriental's pivot to after-school K-12 tutoring services is clearly paying off, and the company has a huge opportunity since there's considerable demand for such tutoring services in China and the market remains highly fragmented. Though I wouldn't expect shares to double again this year, this Chinese stock looks poised for long-term growth. 10 stocks we like better than New Oriental Education & Technology GroupWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and New Oriental Education & Technology Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool recommends New Oriental Education & Technology Group. The Motley Fool has a disclosure policy.Source