Big guy in the online education market

Summary: View the latest quotes Yang Guang network finance Beijing March 18 News (reporter Tong) according to the Sound of economic "world Company" reported that the media today, Tencent and New Oriental set up a focus on online education joint venture, and Tencent posted CEO. By this message

View the latest quotes

Yang Guang Network finance Beijing March 18 News (reporter Tong) according to the Sound of economic "world Company" reported that today there is media explosion, Tencent and new Oriental set up a focus on online education joint venture, and Tencent posted CEO. Affected by this news, Tencent Holdings in the Hong Kong stock market, the rapid pull up, a rise of more than 4%. In this respect, new Oriental Group PR director Wang Xuewen in the "World Company" interview, said the company did not determine which one of the big guy to cooperate.

Wang Xuewen: At present I do not know where this information came from, Miss Yu said during the two sessions of the media interview, the new Oriental will and the giants of the Internet cooperation, but he did not specifically say and which cooperation, concrete cooperation progress is what. We don't have the latest news either.

Journalist: Because we haven't cooperated with Tencent yet, have we?

Wang Xuewen: specifically unclear, whether cooperation or cooperation progress to what extent, etc., we have no further information.

It is understood that New Oriental founder Yu Yu said on the blog, the new oriental will enter the online education industry. Mr Yu said: "I agree that online education is a challenge to traditional face-to-face teaching, but I think it is complementary rather than a substitute for traditional education." In addition, to do education to the spirit of education and the spirit of the Internet to really do a good job. ”

Mr Yu also said that recent talk of online education has been heating up, and some media and companies have described the new Oriental as if it had fallen apart, eager to sing quickly to the new Oriental, impatient to invent rumors. In fact, the new Oriental has been growing healthily. He agrees that online education is a challenge to traditional face-to-face teaching, but he is more of a complement to traditional education than a substitute.

Last November, Tencent joined the education model for QQ group, rumors that Tencent will be on line education courses trading platform, QQ Group of group payment function will be mainly used in online education based QQ group teaching. Tencent has remained silent on cooperation with the new Oriental.

But during the two sessions this year, Mr Yu expressed his ambiguous contact with Tencent and other internet giants. Mr Yu himself said he liked Ali and Tencent to intervene in the online education field, so that they could build a platform with them. In fact, the new Oriental is already cooperating.

Big guy in the online education market

YY2 25th in Beijing announced the establishment of the "100 education" of the Independent education brand, providing free real-time online interactive teaching services, plans to invest 1 billion yuan in two years. Then yy shares rose 8%, while new Oriental shares fell 14% in three days.

In fact, many it bosses have already entered the field of online education. In February of this year, the online education platform, tutor, completed the B-round financing and received nearly 100 million dollars in cash from Ali, Temasek and Qiming Ventures. This is also the domestic online education sector to date the largest financing. Taobao has also opened the online education platform---"Taobao classmate." Baidu has invested in the network, and then on the online education channel, the beginning of this year, the new "school."

More active in the field of investment. It training Web site North Wind recently also received millions of investment, brothers capital Investment Hui Education. 51talk, Hu Network, 91 foreign Education Network and other online educational institutions have disclosed financing information, the amount from millions of to tens of millions of dollars.

China's online education sector has a total of 25 investment cases since 2013, with a total amount of about 197 million dollars, according to data from the Qing department. In 2012, the number of investment cases was only 8, involving an investment amount of $17 million. According to statistics, 2013 has billions of of funds into the online education industry, an average of 2.6 new enterprises a day, the new year nearly thousands.