Introduction: It was beyond doubt that the year 2020 must be an important time pivot for the education industry. As the COVID-19 spreads since the beginning of this year, education is disrupted globally, but learning cannot be stagnant. In this special year, JMDedu will hold the GET (Global Education Technology) Summit under the theme of “Redefine Learning” to help both Chinese and international EdTech practitioners deep dive into the changes and rebuild confidence.

While what has been significantly changing in China? And where will the opportunities lie in the Chinese education market? In the upcoming weeks leading to the GET 2020 Summit, we will share our insights on how companies and organizations are rapidly adapting to change, as well as explore potential opportunities for further business collaboration.


Introduction: It was beyond doubt that the year 2020 must be an important time pivot for the education industry. As the COVID-19 spreads since the beginning of this year, education is disrupted globally, but learning cannot be stagnant. In this special year, JMDedu will hold the GET (Global Education Technology) Summit under the theme of “Redefine Learning” to help both Chinese and international EdTech practitioners deep dive into the changes and rebuild confidence.

While what has been significantly changing in China? And where will the opportunities lie in the Chinese education market? In the upcoming weeks leading to the GET 2020 Summit, we will share our insights on how companies and organizations are rapidly adapting to change, as well as explore potential opportunities for further business collaboration.


Introduction: It was beyond doubt that the year of 2020 must be an important time pivot for the education industry. As the COVID-19 spreads since the beginning of this year, education is disrupted globally, but learning cannot be stagnant. In this special year, JMDedu will hold the GET (Global Education Technology) Summit under the theme of “Redefine Learning” to help both Chinese and international EdTech practitioners deep dive into the changes and rebuild confidence.

While what has been significantly changing in China? And where will the opportunities lie in the Chinese education market? In the upcoming weeks leading to the GET 2020 Summit, we will share our insights on how companies and organizations are rapidly adapting to change, as well as explore potential opportunities for further business collaboration.


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Image credit: pixabay

There is an Owl standing behind more than 30 education technology companies around the world.

Six-year-old Owl Ventures has recently closed two new funds totaling $585 million, making it the largest fund focusing solely on edtech.

Some of Owl Ventures portfolio companies have witnessed exponential growth in 2020, and Byju’s, one of Owl’s investments, has become a decacorn with a valuation exceeding $10 billion.

Amid the COVID-19 pandemic crisis, edtech continues to boom. This Owl is spreading its wings. Now it will fly to a higher place, looking at the global education technology market.

With $585 million new funds, Owl Ventures becomes largest edtech fund

Owl Ventures recently announced its new funds of $585 million, among which $415 million will be used as Owl Ventures Ⅳ to invest in edtech startups’ Series A round and beyond. The rest $170 million will be used as its first Opportunity Fund to help existing portfolio companies grow. Owl so far has $1.2 billion in assets under management. …


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Chinese leading online education company Genshuixue(NASDAQ: GSX) announced the financial results of the second quarter of the 2020 fiscal year earlier this month. During the reporting period ended June 30th, GSX achieved RMB 1.65 billion revenue, an increase of 366.6% year-on-year, and its net profit increased by 133% year-on-year to RMB 72.71 million. The paid course enrollments reached 1.567 million, increasing 332% over the same period last year.

On the day when the Q2 report was disclosed, GSX’s stock price plummeted by more than 18% to $77 per share, while its stock price went up with fluctuations previously even GSX has been shorted twelve times by multiple shorting agencies. Industry insiders believe that the stock price decrease is closely related to nearly 161 million yuan loss from operations in the Q2 2020 fiscal year. Moreover, the report revealed that GSX is being investigated by the U.S. …


Introduction: since early August, JMDedu has been launching a two-month national tour across China as a part of events to promote the upcoming GET2020 Summit(Global Education Technology). We aim to network local education companies through seminars with various themes and investigate several key cities’ market environment.

In the last piece, we share exciting insights from the first seminar in Taiyuan, Shanxi province, talking about the education and training sector’s environment in Taiyuan and China’s education industry’s future pattern.

In this article, we will introduce the environment of the education industry in Xi’an, the ancient capital of thirteen dynasties, and then look into how local education institutions should move towards the online education business.


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Since the COVID-19 outbreak in early 2020, offline training institutions suspended across China and schools’ closure at all levels have been prolonged. As a result, the private education industry entered the “darkest period”.

In February, staff from an offline children’s English training institution in Shanghai told JMDedu that “in the first-tier cities like Shanghai, the rent is more than RMB100,000 per month and the employee’s salary and social security cost is over RMB300,000 per month. We predict zero revenue, but the necessary expenditure cost will be around RMB500,000. “

The first-tier cities face such difficulties, let alone the educational enterprises in the second- and third-tier cities who encounter more issues due to their smaller population base and the scattered layout. …


Introduction: On July 16th, Chen Lin, senior vice president at ByteDance, said in an internal speech that the mission of Bytedance in education is to “innovate education and achieve everyone”. He believes that the biggest advantage of Bytedance in education space is not Internet traffic, products, and technology, but its strategy determination and organizational culture. Chen said the company plans to invest “a huge amount” of capital into its newly-established education technology business but warned that the unit would be unlikely to profit in the next three years. …


China-based Ed-tech Closed 113 Deals and Raised around $2.5 Billion in 2020 H1

In the first half of 2020, COVID-19 has shrouded the world. The crisis has spotlighted the online education market in China, and the acceptance level for online education among parents and students has been rising. Although offline education may return to the center stage since China’s epidemic situation is gradually stabilizing, online education is likely to become the new normal throughout 2020.

In secondary markets, China-based online education companies and vocational education stocks have performed well because of the policy support and market demands, which has also been reflected in the number of financing deals in corresponding sub-sectors. …


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Nicole is struggling to find a job, although she is a returnee from the overseas study with distinct performance. “I’ve finished my MA degree abroad, and I am still a novice in job-hunting. More and more Chinese students would like to go back home after finishing their education overseas. The competition is more severe, and I’m very unconfident.” Said her.

In China, the whole society generally reckons that students who hold a bachelor’s degree or above awarded by international colleges may be more competitive in job hunting. The information “oversea study experience is preferred” frequently appears in many companies’ recruitment requirements. …

About

GETChina Insights

Supporting the EdTech ecosystem in China & globally. Operated by JMDedu, the leading B2B industry media company in China. Website: https://en.jmdedu.com/

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