From the listing of New Oriental Online to the closure of the Weber English capital chain, from the reform of the TOEFL to the PISA test, the four regions of China won the first place, from the Shanghai-Jiang gambling listing to the listing of GSX US stocks and being praised as " The first share of K12 online education", the education circle in 2019 can be described as a mixture of sadness and joy.
I am pleased that the support and supervision of national policies have enabled China’s education and training industry to gradually step onto the right track and deepen the achievements of education and teaching reforms.
Gradually appearing; the sad thing is that under the cold winter of capital, many education and training institutions are in an increasingly difficult situation due to their business management and business models. News of closures and bankruptcies one after another in 2019. Next, let’s look at 10 major events in the education industry.
New Oriental Online listed
On March 28, New Oriental Online successfully listed on the Hong Kong Stock Exchange with an issue price of HK$10.2. The net amount of financing in Hong Kong is approximately For HK$1.567 billion, it has officially become the first stock of online education in Hong Kong stocks. Five months after New Oriental Online went public, it issued three announcements in a row. The first annual performance report showed that it turned from profit to loss. At the same time, the company announced that it would acquire the remaining 49% stake in Oriental Youbo. The seat of directors was adjusted. Pan Xin, the former executive director, resigned on August 16, and co-CEO Sun Dongxu replaced him.
Hujiang failed to bet on listing
On May 7, there was news that Hujiang, which submitted a listing application to the Hong Kong Stock Exchange in July last year, , The listing process is facing termination. If the listing plan is restarted, the application must be resubmitted. Hujiang is an Internet education platform. In 2001, Fu Cairui founded Hujiang Yulin, the predecessor of Hujiang. In 2003, Hujiang.com was officially launched. After five years of philanthropy operations, the company has been operating as a company since 2006.
TOEFL test reform
On May 22, the US Educational Testing Service (ETS), the research and development institution of the TOEFL test, announced that it will start on August 1, 2019. Starting today, the TOEFL test time will be shortened by 30 minutes, and the adjusted total test time will be 3 hours. At the same time, the TOEFL test score report sent after August 1st this year will automatically include all valid test scores in the past and will be presented in the form of personal best scores (MyBest Scores). The listening test will be selected from all the valid scores of the candidates in the past 2 years , Reading, Writing, Speaking, the highest score is divided into "Personal Best Score".
China’s first K12 online education company went public on the US stock market
On June 6, K12 online education company GSX successfully landed on the New York Stock Exchange. Relying on the two K12 online live broadcast double-teaching big class brands of "Learning with Who" and "Gaotu Classroom" to achieve profitability, the current total market value exceeds 5 billion US dollars, and it is the world's highest market value K12 online education listed company, and it is also a good future. , The third largest education company listed in the United States after New Oriental. Its founder is Chen Xiangdong, the former CEO of New Oriental.
Chinese public education exceeded 100 billion
On September 24, the market value of Zhong Gong Education broke through the 100 billion mark, becoming the first A-share listed vocational education company with a market value of over 100 billion. In 2018, Zhonggong Education backdoor Yaxia Motors landed on the A-share capital market. On February 2, 2019, the company's securities abbreviation was changed from "Yaxia Automobile" to "Zhonggong Education", achieving a market value of over 100 billion yuan in more than a year.
Weber English’s capital chain broke
On October 12, Weber’s founder Gao Weiyu admitted that due to business failure, the capital chain broke and led to the shutdown The originally planned financing plan was pushed back as the performance of Weber’s English sector continued to deteriorate.late. As of October 27, 2019, the Weber English multi-campus was closed, and the main department store in Shenzhen was closed.
NetEase Youdao goes public
On October 26, NetEase Youdao hits the bell to go public in the United States. This is also after the online education company New Oriental Online. After studying, the third online education company to be listed in 2019. The company was founded in 2006 and started with dictionary tools. On April 17, 2018, NetEase Youdao announced the completion of its first strategic financing, with a post-investment valuation of US$1.1 billion, making it the third independently-funded brand of NetEase.
Midland English independent IPO failed
On December 12, Midland English announced that it had reached a final acquisition agreement with EdtechX Holdings (hereinafter referred to as "EdtechX"), a listed company in the US stock market. After the merger, the new company name was changed to Meten EdtechX. The transaction is expected to be completed in the first quarter of 2020. On the surface, Midland English will be listed as a subsidiary, similar to the backdoor listing of A shares, but in fact it officially announced the failure of Midland English's independent IPO listing plan.
Test China ranked first
On December 3, 2019, the OECD released the latest "International Student Assessment Project" PISA test data results, about 600,000 students from 79 countries or regions participated in this assessment. Part of the regional consortium composed of four provinces and cities in China, Beijing, Shanghai, Jiangsu and Zhejiang, topped the list with 555 points in reading, 591 points in mathematics, and 590 points in science.