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Essential reading for education companies worldwide
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Category: Asia

News

India: NoPaperForms acquires schools application platform

Info Edge-backed NoPaperForms, which operates an enrolment automation platform, has acquired schools-focused admission firm Intelliadmissions ...
News

China: Hailang Education Group shrugs off pandemic, boosting profits

Hailiang Education Group, an education and management service provider to primary, middle, and high schools ...
4 days
k12
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Income dips at China’s New Oriental as pandemic delays enrolments

New Oriental Education & Technology Group, a New York-listed Chinese tutoring firm, recorded net income ...
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Chinese ed tech nets $100m from Tencent, Carlyle Group and others

Online education platform Huohua Siwei has raised $100 million in a Series E2 round led ...
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Exclusive: IT training firm instructs bankers to run sale worth north of €70m

Fast Lane, a German IT training provider with global operations, has been put up for ...
2 weeks
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China: Ed tech firm Zhangmen raises $400m

Shanghai-based education company Zhangmen has raised $400 million in a funding round from investors including ...
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China’s iHuman to IPO as scrutiny of US-listed Chinese firms intensifies

Chinese edutainment provider iHuman intends to raise $100 million in an initial public offering, a ...
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Singapore: Keppel Capital acquires majority stake in Malvern College Chengdu

Singapore-based Keppel Capital Holdings, through its wholly-owned subsidiary, Keppel Capital Alternative Asset has announced it ...
3 weeks
k12
News

India: Unacademy acquires civil service prep platform

Indian ed tech platform Unacademy has acquired Coursavy, a platform for India’s civil service exam ...
3 weeks
News

Inspired Education to launch online school as route to new markets

Inspired Education, the premium private school operator, is launching an online school, as it moves ...
3 weeks
k12
News

Exclusive: ISP owner mulls multibillion-euro exit of global school group

Partners Group, owner of International Schools Partnership (ISP), is weighing a partial or full exit ...
4 weeks
k12
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China: Golden Education raises funding from Tencent

Shanghai-based financial courses provider Golden Education has raised an undisclosed amount of funding in a ...
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India: Investors rain record $1.5bn onto ed techs in first three quarters

Investment in India’s ed tech market has increased almost fourfold to $1.5 billion in the ...
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India: World’s largest ed tech Byju’s sees valuation jump $300m in under two weeks

Byju’s, the world’s biggest private ed tech, has seen its valuation jump by $300 million ...
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India: Byju’s buys virtual simulation platform as it continues buying spree

Indian ed tech giant Byju’s has acquired LabInApp, a virtual simulation platform used by more ...
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China: Hailiang Education bolsters K12 portfolio with purchase of language school

Hailiang Education Group, a China-based education and management services provider, has acquired Jinhua Hailiang Foreign ...
4 weeks
k12
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Overseas agents report 20% decline in international enrolments at British boarding schools

Educational agents report a 20% decline in new enrolments of foreign pupils at British boarding ...
1 month
k12
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US: South Korean investor set to buy Texan student housing unit for $120m

Korea Investment and Securities is in the process of closing a $120 million deal on ...
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China: Scotland’s Fettes College opens boarding school in collaboration with Bright Scholar

Fettes College, a reputed Scottish private school, has launched an offshoot in China under a ...
1 month
k12
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Views from the top: Pathway providers must embrace online provision beyond pandemic, says Study Group CEO

Providers of pathway courses must be prepared to “flip-flop” between online and face-to-face instruction in ...
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China Online Education reports profit

China Online Education Group, the online and mobile education platforms that enable students to access ...
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Chinese edutainment firm eyes $100m New York flotation as US regulatory pressure mounts

Chinese edutainment provider iHuman is seeking to raise $100 million via New York’s stock exchange, ...
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US: Adtalem to buy online healthcare university from Laureate for $1.5bn

New York-listed workforce solutions provider Adtalem Global Education has agreed to buy Walden University, an ...
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India: WhiteHat Jr comes under fire from customers over ‘intolerable’ and ‘aggressive’ sales strategy

WhiteHat Jr, the Indian coding start-up acquired just weeks ago by the world’s largest privately ...
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India: Newly acquired WhiteHat Jr to hire thousands of female teachers as Covid-19 boosts demand

Online coding tuition provider WhiteHat Jr wants to hire an additional 13,000 teachers by the ...
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India mints new ed tech unicorn as Unacademy’s valuation triples to $1.45bn

Indian ed tech platform Unacademy has raised $150 million in a round led by Japan’s ...
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China: Losses mount at Sunlands Technology Group

Online post-secondary and professional education company Sunlands Online Education has reported a second-quarter net loss ...
2 months
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China: Tough half-year for Rise Education

Rise Education Cayman, a junior English language training provider in China, has announced a second ...
2 months
News

China: GSX Techedu confirms US fraud investigation in delayed second-quarter earnings report

GSX Techedu, a New York-listed, China-based online tuition provider worth nearly $23 billion, has disclosed ...
News

China: Listed school operators tumble as Beijing tightens grip on extra-curricular services fees

Shares in New York- and Hong Kong-listed Chinese school operators slipped after five mainland government ...
2 months
k12
News

China’s Yuanfudao set to become second ed tech ‘decacorn’ as valuation doubles to $13bn

Yuanfudao is reported to be raising $1.2 billion in a fresh funding round that would ...
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India: Eruditus raises $113m

Mumbai-based education company Eruditus has raised $113 million in a Series D funding round co-led ...
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China: RYB Education reports losses and revenue slump

Early childhood education service provider, RYB Education, reported a second-quarter 2020 net loss of $12.8 ...
News

China: Private equity pioneer KKR leads $150m funding round in online-learning platform

Chinese online K12 mathematics and science platform Huohua Siwei has secured $150 million in a ...
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China Distance Education reports reduced income

China Distance Education Holdings, a provider of online education and value-added services for professionals and ...
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China: Online English-learning platform secures $120m

Online children’s English learning platform Palfish – known as Banyu in China – has raised ...
News

India: LEAD School receives $28m in funding round

Mumbai-based ed tech start-up LEAD School has secured $28 million in a Series C funding ...
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Investment in India’s ed tech market hits fresh highs amid online learning bonanza

India’s ed tech market has seen a record level of investment activity this year amid ...
News

China: Four Seasons Education announces first-quarter loss

Four Seasons Education (Cayman), the Shanghai-based after-school maths education provider for elementary school students has ...
2 months
News

China: OneSmart declares third-quarter loss

Shanghai-based after-school K12 education services provider OneSmart International Education Group has reported a net loss ...
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UK: Galileo acquires loss-making private university ahead of turbulent admissions period

Galileo Global Education is to acquire Regent’s University London, sparing the private institution from potential ...
2 months
News

China: Tarena International reports first-half loss

Beijing-based professional education services company Tarena International has reported a net loss of ¥612.6 million ...
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China Education Group announces ‘largest-ever’ acquisition in China’s higher education sector

China Education Group, the Hong Kong-listed entity which earlier this year bought a British university, ...
2 months
News

Hong Kong fund raises $900m as it targets Asian school investments

Gaw Capital Partners, a Hong Kong-based private equity firm, has raised $900 million, half of ...
2 months
k12
News

New Oriental eyes dual listing in Hong Kong as US clamps down on Chinese accounting practices

New Oriental Education & Technology group is reportedly eyeing a second listing in Hong Kong ...
News

India: Byju’s acquires WhiteHat Jr. for $300m

Indian education decacorn Byju’s has acquired Munbai-based ed tech start-up WhiteHat Jr. for $300 million ...
News

Malvern International retreats from Singapore after Covid-19 exacerbated existing pains

Global learning and skills development business Malvern International is closing its operations in Singapore, which ...
3 months
News

India: World’s first ed tech ‘decacorn’ Byju’s to receive $400m injection from billionaire

Investment firm DST Global, headed by billionaire Yuri Milner, is expected to give Indian online ...
News

China: TAL Education reports first-quarter profit

TAL Education Group, the Beijing-based after-school tuition provider, has reported net income of $81.65 million ...
3 months
k12
News

India: Toppr raises $46m

Toppr, a Mumbai-based online learning start-up, has secured $46 million in a Series D funding ...
News

Exclusive: Chinese property investor takes control of Gabbitas Education, tutor to Britain’s royal family

Gabbitas, the 147-year-old London-based educational consultancy that has famously tutored members of Britain’s royal family, ...
3 months
k12
News

China: New Oriental reports strong 2020 profit

New Oriental Education & Technology Group, a large private educational services provider in China, has ...
News

Permira acquires Chinese division of EF Education First

Global investment firm Permira and EF Education First today announced that a company backed by ...
3 months
k12
News

China: Skillful Craftsman announces closing of initial public offering

Education technology company Skillful Craftsman Education Technology has announced the closing of its initial public ...
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China: Online art education platform Meishubao raises $40m

Zhejiang-based online painting learning platform Meishubao has completed a $40 million Series C+ funding round ...
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Exam prep platform secures $3.1m

Entri, a Kochi-based three-year-old start-up has closed a $3.1 million pre-Series A financing round, led ...
News

China: Bright Scholar quarterly profit drops

International and bilingual K12 school operator Bright Scholar Education Holdings has announced net income of ...
3 months
k12
News

South Korea: Riiid closes $41.8m funding round

Riiid, an AI education solutions start-up and a member company of the Born2Global Centre, has ...
News

India: Avanse Financial raises 250 crore rupees

Warburg Pincus-led Avanse Financial Services has raised 250 crore rupees (£26.4 million) through the Reserve ...
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India: Ken42 appoints Sundararajan as advisor

Bangalore-based ed tech app platform Ken42 has appointed Sasi Kumar Sundararajan as its advisor, Indianweb2 ...
News

India: Vedantu co-founder’s ed tech start-up raises seed funding

Trulearn Spaces, which operates children-focused ed tech start-up Uable, has raised an undisclosed sum as ...
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India: Vedantu raises100m in Series D funding

Vedantu, a live online tutoring company based in Bengaluru, has raised $100 million as part ...
News

Skema creates joint school in China

Skema Business School has signed two new strategic agreements with two Chinese academic institutions: Nanjing ...
3 months
News

China: Meten EdtechX appoints chief financial officer

Meten EdtechX Education Group, an English language training provider in China, has appointed Henry Wong ...
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‘Alarmed’ Chinese students shun UK universities due to country’s coronavirus death toll, research finds

UK universities could have fresh reason to fret over a paucity of Chinese students next ...
3 months
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Finances of China’s biggest bilingual schools operator ‘remain solid’ in face of pandemic

The financial profile of Bright Scholar, China’s largest bilingual school provider by enrolments, will “remain ...
3 months
k12
News

India: Unacademy closes second acquisition since pandemic began

Indian ed tech Unacademy, which is backed by Facebook, has acquired PrepLadder, a postgraduate medical ...
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India: Byju’s becomes ed tech’s first ‘decacorn’ as valuation reaches $10.5 billion

Indian start-up Byju’s has become ed tech’s first ‘decacorn’ as its valuation reached $10.5 billion ...
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China: TAL sees online revenues rise but records first-ever loss as Covid-19 cripples centre-based business

The world’s largest education company now derives nearly a fifth of its revenues from digital ...
4 months
k12
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China’s New Oriental to raise $300m of debt via Hong Kong

China-based New Oriental, a $21 billion after-school tuition provider listed in New York, has announced ...
4 months
k12
News

Chinese online tutoring provider raises $750m as its valuation reportedly hits $6.5bn

Beijing-headquartered online tutoring firm Zuoyebang has raised $750 million in fresh financing as investors continue ...
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China: Covid-19 claims another language tuition casualty

The language training arm of media giant Disney is closing down its operations in China ...
4 months
News

China: Stock exchange probes company over loan to London-based private school group

Listed Chinese companies that ventured into education from sectors including industrial production are reportedly facing ...
4 months
k12
News

Indian ed tech WhiteHat Jr announces international push as revenue reaches $100m

WhiteHat Jr is aiming to have 25,000 teachers on its platform by September, after the ...
News

Singapore: Maple Leaf to buy Canadian International School for £386m as it bolsters overseas presence

Maple Leaf Educational Systems will acquire the Canadian International School (CIS) in Singapore for S$680 ...
4 months
k12
News

Exclusive: Singaporean wealth fund invests €350m in Inspired Education, valuing school group at more than €3bn

GIC, a Singaporean sovereign wealth fund, has invested €350 million in Inspired Education, cashing out ...
4 months
k12
News

Chinese investors’ appetite for British schools deepens as 17 now owned by mainland groups

China-based investors and organisations have bought 17 UK independent schools since 2014, according to a ...
4 months
k12
News

China Distance Education gets takeover offer days after US announces regulatory crackdown on listed Chinese firms

China Distance Education’s management team has offered to buy the organisation, less than a week ...
4 months
News

Chinese ed tech seeks to raise up to $800m in fresh funding – report

Zuoyebang, a Chinese online tutoring provider, is reportedly in talks to raise between $600 million ...
News

15 listed education companies that have grown despite Covid-19

Listed education companies with technology-driven delivery models have seen the greatest increase in value since ...
5 months
k12
News

London-listed group buys Wall Street English Vietnam at testing time for language-training industry

London-listed Myanmar Strategic Holdings is to acquire Wall Street English Vietnam from Verlinvest, despite the ...
5 months
News

EF plots China expansion weeks after pandemic prompted rival to shutter mainland operation

Education First (EF) is set to have “one of its biggest investment years ever” despite ...
5 months
News

China: British curriculum schools report sliding revenues as pandemic pushes some towards insolvency

Nearly a third of Chinese operators providing British-style schooling have seen revenues fall by up ...
5 months
k12
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Muddy Waters becomes third short-seller this year to accuse China’s GSX Techedu of systemic “fraud”

Muddy Waters has published a damning report on GSX Techedu calling it a “near-total fraud” ...
News

US: Chinese ed services provider raises $8m in New York flotation

China Liberal Education Holdings (CLEU), an educational services provider, has raised $8 million through an ...
News

South Korea: Three-quarters of students receive private tuition – government survey

Three-quarters of South Korean students received private tuition last year, a government survey has found, ...
5 months
k12
News

Chinese school groups eye international expansions amid pandemic as mainland nurseries struggle to survive

The Covid-19 pandemic will not “significantly depress” most Chinese private schools’ revenues this year, a ...
5 months
k12
News

Hong Kong: Lawmakers reject international schools’ request for development loans

Hong Kong has rejected a request from four international schools for HK$1.4 billion (£140 million) ...
5 months
k12
News

Kaplan launches blended language course as Covid-19 crisis prompts strategic pivot

International training provider Kaplan has launched a new blended language-tuition programme, Best of Both, which ...
5 months
News

Majority of international students expect to start studies as planned – survey

A survey of nearly 7,000 students with offers from universities overseas has found that more ...
6 months
News

India: Survey reveals most students will defer study abroad plans if online only option

A survey of 850 Indian students has found that nearly two-thirds (61%) would defer overseas ...
6 months
News

Hong Kong nursery group reportedly becomes latest Covid-19 casualty

A Hong Kong nursery group and single-site kindergarten that were in operation for more than ...
6 months
News

China-backed KSI Education acquires UK independent school and nursery

The UK’s KSI Education, which is bankrolled by a Chinese investment firm, has acquired Heathfield ...
6 months
k12
News

China: VIPKid sues rival GSX Techedu over intellectual property theft days after firm accused of fraud by short-seller

VIPKid, a Chinese online tutoring provider, is reportedly suing rival GSX Techedu for allegedly stealing ...
6 months
News

China: Rising star GSX Techedu slides after damning short-seller report labels it “blatant fraud”

GSX Techedu, one of the fastest-growing Chinese online education providers, has seen its share price ...
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Hong Kong: International schools flout restrictions on domestic student enrolments

Dozens of international schools in Hong Kong are reportedly not complying with a government requirement ...
6 months
News

China: Hailiang Education Group profit rises by 52.5%

Hailiang Education Group, an education and management service provider of primary, middle, and high schools ...
7 months
News

China: Sunlands Technology Group appoints new chief financial officer

Online post-secondary and professional education company Sunlands Technology Group has appointed Selena Lu Lu, the ...
7 months
News

China: Sunlands Technology Group: Selena Lu Lu

Sunlands Technology Group has appointed Selena Lu Lu, the company’s chief strategy officer as chief ...
7 months
News

India: Lido Learning raises $3m in Series A

Mumbai-based online education platform Lido Learning has raised $3 million in Series B funding in ...
7 months

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