YY Acquisition IELTS Online Training Zheng Team

Today, the Nasdaq:yy company's Independent online education brand 100 education announced the establishment of on-line English training schools--100 School. At the same time, 100 education announced the formal acquisition of IELTS online training in the field of Zheng and his small partners in Education Technology (Beijing) Co., Ltd. (Zheng team). Zheng is a master of IELTS training and has experience in the field of online education. 100 education officials said that the overall acquisition of the Zheng team, mainly its in-depth online education operations experience and resources to introduce 100 schools. It is worth mentioning that last week, there is news reported that YY is with a number of well-known institutions and team contacts to negotiate a major acquisition, including the potential acquisition of K12 training institutions in the domestic "leader" education and online education programs, such as Global school. From the current point of view, the so-called YY acquisition refers to the Zheng team. However, according to people familiar with the matter, Zheng team is only yy acquisition of one of the objects, the future will also be announced in succession new acquisitions. At present, for this YY acquisition Zheng team's specific amount has not been known, Tencent Technology will remain concerned.