The online education industry is still in its infancy compared to the potential it represents down the road as China’s hunger for education explodes..
A recent article in Techcrunch.comn said, “ education institutions are now struggling with demand, especially in fast-growing markets like China. Schools there literally can’t build enough buildings to put people in their colleges, he said, and are trying to figure out how to handle issues like students that are sometimes seven hours away from their nearest physical campus. Online education means you can scale immensely without worrying about growing the physical plant and those costs, and it also means students need only a phone to participate, lowering costs immensely."
According to data from MarketResearchReports.Biz,"in China, the market size of the education and training industry soared from RMB610 billion in 2008 to RMB955.4 billion in 2012, with the CAGR of 11.87%."
Wall Street Journal said in its recent article, Online Education, A New Frontier in China , "Changing views of education in China make a shift to more online education inevitable. Chinese students are becoming less fixated on tests. Parents are increasingly sending their children to English-immersion camps abroad rather than classrooms. Today's children are more comfortable with e-learning."
UMeWorld (OTCQB: UMEWF) operates UMeLook (www.umelook.com), an online video platform focused on bringing foreign video content to China and has recently branched out into the online education market. The Company just announced the launch of its SmartStar Home Version Subscription Service. The Company is a step closer to commercializing its digital education platform and is on track to becoming a leading education service provider in China.
SmartStar Home Version will be available through a monthly subscription of CNY$75 (US$12), enabling the user to have unlimited service access via the internet. This will initially target students in Grades 5 through 9. The Company will introduce other grades systematically over the coming quarters.
The stock closed at $0.4760, up 0.0360 or 8.18% in Friday’s session.
New Oriental Education (NYSE:EDU)
will report its financial results for the fourth fiscal quarter ended
May 31, 2013, before the U.S. market opens on July 23, 2013.. The
company is the largest provider of private educational services in China
based on the number of program offerings, total student enrollments and
geographic presence. The stock has a 52 week range of $9.410 $24.15 and
is currently trading around its highs . China Distance Education Holdings Limited (NYSE:DL) online courses are designed to help professionals and other course participants obtain and maintain the skills, licenses and certifications necessary to pursue careers in China in the areas of accounting, law, healthcare, construction engineering, and other industries. The Company also offers online test preparation courses to self-taught learners pursuing higher education diplomas or degrees and to secondary school and college students preparing for various academic and entrance exams. In addition, the Company offers online foreign language courses and offline business start-up training courses. The stock closed at $7.65 on Friday and has had a significant move in the past few months, moving up from a base of around $5.00
TAL Education Group (NYSE:XRS)
will release its unaudited financial results for the first quarter of
fiscal year 2014 ended May 31, 2013, before the market opens on Monday,
July 22, 2013. The company operates www.eduu.com, a leading online education platform in China.
Additional stocks in the sector include China Education Alliance Inc. (OTC:CEAI) and ChinaCast Education Corp. (OTC:CAST)
MarketResearchReports.Biz also note ,"More and More Education Groups and Internet Enterprises Are Tapping Online Education Field. Education institutions are launching online courses covering a wide range of domains
,
such as foreign language, qualification test, skill education, and
tutoring for students at elementary and secondary schools; on the other
hand, internet enterprises are making positive efforts in building
platform to share education content. Article sources :
http://technode.com/2013/05/28/40-of-china-existing-education-market-will-be-online-in-3-5-years-ceo-of-new-oriental-education-technology/
http://techcrunch.com/2013/07/11/blackboard-co-founders-says-online-education-set-to-put-price-pressure-on-traditional-schools/
http://www.sbwire.com/press-releases/laetst-research-china-education-and-training-industry-report-2013-2016-at-marketresearchreportsbiz-279609.htm
http://online.wsj.com/article/SB10001424127887324879504578599083482117730.html
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