Global EduTech Finds Profits in Study Abroad

Hong Kong IPO candidate finds lucrative business model by linking up Chinese students with Western schools Key points: Global Education Technology is one of the few in a new generation of Chinese education service providers that is profitable The company has carved out a strong niche by acting as middleman between Western schools and Chinese students looking to study abroad By Doug Young We begin the week with a look at a new Hong Kong IPO filing by Global Education Technology Holdings Ltd., a relative rare company in China’s ultra-competitive…

Read MORE »

Expansion or Retreat? Vocational Training Specialist China East Education Looks to Provinces

Privately owned traditional education pioneer shifts plans for IPO funds to focus on less-competitive non-Tier 1 cities Key Takeaways China East Education is shifting its strategy to focus on campuses in provincial capitals rather than Tier-1 centers Shift could boost revenue from long-term courses but undercut tuitions By Eric Auchard 欧加德 Vocational education company China East Education Holdings Ltd (0667.HK) is undergoing a mid-course correction, freeing up funds from its 2019 IPO to focus on a provincial-level expansion beyond the five Tier 1 cities where it previously focused its efforts.…

Read MORE »

17 Education Offers Lesson in Localization

Company posts triple-digit revenue growth in first quarterly earnings report since IPO as it transitions from do-it-yourself learning to localized classrooms By Doug Young When is 153% revenue growth just a slight disappointment? The answer: When you’re 17 Education & Technology Group Inc. (Nasdaq: YQ), which just announced its first quarterly earnings report since its IPO late last year. And those results were decidedly mixed, with the company looking for gold in a crowded field of money-losing education firms. They’re all trying to tap the wallets of millions of Chinese…

Read MORE »

China’s Quora Files for New York IPO, Details Where to Find Profits

Apart from advertising, Zhihu hopes to find riches in services like paid memberships and e-commerce By Doug Young What do you do when you’re one of China’s best-known internet names but no one wants to pay for your service? In the West, that would be a good question for popular services like Quora or Wikipedia. In China, you would put that question to Zhihu Inc., a widely recognized name in its home market, a company which has just filed for a $100 million IPO in New York. Of course, it’s…

Read MORE »