New Oriental will be a joint venture with ATA

On July 23, New Oriental Education Group formally announced with ATA that it will jointly establish an online education company in the field of vocational education. Its main areas of entry are medical treatment, accounting and finance. According to the data provided by ATA responsible person to Beijing Commercial Daily, we can know that the total amount of the joint venture is 30 million yuan, of which 16.5 million yuan is contributed by New Oriental, accounting for 55% of the total shares; ATA invested 13.5 million yuan Shares are 45%.

New Oriental will be funded by its subsidiary New Oriental Online, while providing learning management systems, courseware authoring tools, live and recording platforms, technical resources and other aspects of support, and New Oriental also take this opportunity to enter a new attitude with online education . ATA will share its student resources, learning tools, software and other technical resources. This is another new move of ATA since the introduction of the former Hewlett-Packard China CEO Sun Zhenyao as CEO in September last year after the termination of exclusive rights to ETS.

New Oriental chairman Yu Minhong said: "This allows us to quickly and fully establish the advantages in the market .ATA has a leading test evaluation technology, combined with the new Oriental online self-adaptive learning engine can effectively support the formation of evaluation technology in the occupation Education and training in the field of application, so that professionals learn more effectively.

Sun Zhenyao said: "With the continuous development of online education, test evaluation will no longer play only the role of terminal evaluation, but will be more throughout the entire process of online learning and I believe the integration of New Oriental Online and ATA two The company's content, platform and technology advantages will allow us to help more people achieve their academic and career goals. "

It is learned that the online education companies established by both parties will be launched before the end of the year. Relevant domain names, office locations and staffing information are yet to be disclosed. For the next move, this newspaper will continue to pay attention.

Beijing Commercial Daily reporter Li Lixun