New Oriental and ATA set up joint venture to enter the online vocational education market

Absrtact: Today, New Oriental announces that it will establish a joint venture with the Education Test service provider ATA to enter the online vocational education market. It is understood that the new Oriental Online education subsidiary of the New Oriental online responsible for the joint venture capital. It is understood that the joint venture company

Today, New Oriental announces that it will establish a joint venture with the Education Testing service provider ATA to enter the online vocational education market. It is understood that the new Oriental Online education subsidiary "New Oriental Online" is responsible for the joint venture capital.

It is understood that the joint venture company plans to open a new online vocational education website by the end of 2014.

According to the cooperation agreement signed by both parties, the JV company has free access to new Oriental and ATA resources, such as the New Oriental Learning Management system, courseware making tools, live and broadcast platforms, technical resources, and ATA's leading examination and evaluation technology (problem-making technology, DST dynamic simulation technology, etc.), learning tools and software.

In the past two years, the online vocational education industry has been developing hot. According to the "2014 China Online Education Industry Development Report", published by Eric Consulting, online education users accounted for up to 38.6% of the user's vocational education. And the state to speed up the development of vocational education has also made important instructions, such as the construction of employment-oriented, reflecting the concept of lifelong education, facing everyone of the modern vocational education system, but also to the professional teaching and training market has brought great positive.

ATA company focused on computerized testing and evaluation services, in the field of professional talent assessment has accumulated some experience, former Hewlett-Packard Global vice President Yaw as the CEO of the company.