The COVID-19 pandemic takes variable shapes and forms in how it affects all walks of life. But amid such a chill environment, the outbound listing frenzy of China’s edtech companies continued, and the industry players also showed strong performance in the stock market.
Plus, there is a trend that the U.S. listed Chinese companies like New Oriental conduct share sales in Hong Kong as a way to broaden their investor, further, a hedge against the tense international situation.
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…
Infrastructure has been a top priority for China in 2020, especially new infrastructure including seven key areas: 5G networks, industrial internet, inter-city transportation and rail system, data centers, AI, ultra-high voltage power transmission, and new-energy vehicle charging stations.
According to the announcement at the 2020 National People’s Congress, China will invest an estimated $1.4 trillion over six years to 2025 in new infrastructure programs.
“It is important that the government spends more on concrete projects and pools resources to areas including the healthcare system, medical research, and education,” said Lu Ting, chief China economist with Nomura.
“Educational new infrastructure” related…
“The past seven years have been the golden age of the education industry in China. Although we saw rapid growth, there must be black swans and gray rhinos.” Speaking at the Global Education Technology (GET) Summit held in Beijing on Nov. 23–24, Mei Chujiu, the founder and CEO of the summit organizer JMDedu, stressed that regardless of the pandemic, the learning demands will never change, “education is an industry that is immortal, we can make more efforts for this career.”
Mei Chujiu mentioned that since the COVID-19 spread across the country, many educational institutions go bankrupt or reorganize because of…
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…
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…
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…
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…
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.
Owl Ventures recently announced its new…
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…
Supporting the EdTech ecosystem in China & globally. Operated by JMDedu, the leading B2B industry media company in China. Website: https://en.jmdedu.com/