Investor: Self-improvement training will have great space

After the new Oriental IPO, the investment organization saw the business opportunity in the education unit, set off a wave of investment upsurge--Longwen won 450 million yuan investment, Amber won the Anglo-American 103 million dollar investment and so on. But a year or two later, as the listing window tightened and stocks underperformed, the training agency's investment was again cold. What do investors think about the future development of educational institutions today? Andrew Y. Yan, Asia's CEO who has invested in New Oriental, ATA and Global IELTS, said he believes there will be a lot of room for future self-improvement training. The following extracts from Andrew Y. Yan in the third China Private Training Education Industry Development Summit Forum speech. #中国99% is skill training for self-improvement training there will be a huge market # There are two big pieces of training education, one is to improve skills, the other is for people to improve their own goal of training education, some developed countries have arisen. I did one thing in 2011, leaving my job to go to Italy to study for three months and read a movie. Do this I have no utilitarian purpose, just like this thing, in addition my daughter is a film director, I hope that more language can communicate with her. I would like to explain that China's training and education at present more than 99% of the skills of training, for people's self-improvement education has just begun, but also very little, there are a lot of space to expand. As an investor, we are accustomed to seeing things ahead, and interested in some budding things, this one will have a big market. Recently I visited a drama class, this wave of people themselves together, please Man people, they do the most basic training, and then their own play, write something very good, this is a good performance. #互联网和移动互联网带来更多的机遇 But technology is just a means. China is the most populous country, but frankly, the level of education is still lagging behind. Under the impact of Internet, especially mobile Internet, what are the challenges and opportunities for training and education? From an investment point of view, there is a point of comfort, the internet age we are copying others, but the mobile Internet we have caught up, and even many areas than the United States, such as micro-letter function, interface, user coverage is far more than the U.S. software. I recently saw a brother did a mobile phone application, is to learn English, after watching very shocking. It completely broke the past to learn English recitation, there is a real person to speak English, it has speech recognition technology, if the pronunciation is not correct, immediately show that you can talk to him, if you think it is not enough, you can choose to follow this video. The company is only six people, the software has been downloaded 100多万次, each download to pay six pieces. The advent of the Internet, especially the mobile internet, has brought us more imaginary space and more opportunities, but it can never replace the feeling and experience of face-to-face communication. In particular, training and education is a O2O thing, it is just a means, all these technological means of development, can never replace the education itself. (Multi-Knowledge network Hou Jingtian)