Web-Based Education Solutions Offer Students a Way to Keep on Track

NEW YORK, Jan. 8, 2021 /PRNewswire/ -- Online education has become a major part life during the pandemic. Millions of students around the world have stayed home and participated in newly developed online curriculums, in lieu of crowded classrooms. Furthermore, the growth in this market has been noticed in many verticals of education such as coding, healthcare, group sessions, and even masterclasses by notable individuals from various fields of expertise. "This year upended everything about how we live and work, and people everywhere turned to online learning to help them meet new challenges. We're perfectly positioned to meet these demands and help drive success for individuals, businesses, and governments," said Gregg Coccari, CEO of Udemy, according to a report by Forbes. Meten EdtechX Education Group Ltd. (NASDAQ: METX), Adtalem Global Education Inc. (NYSE: ATGE), 2U, Inc. (NASDAQ: TWOU), Zoom Video Communications, Inc. (NASDAQ: ZM), New Oriental Education & Technology Group Inc. (NYSE: EDU)

Besides the impacts of the pandemic and the social distancing measures implemented by governments, other factors contributing to the growth of the online education market include the increasing internet penetration, coupled with mounting use of mobile devices in emerging economies such as China, India, Malaysia and South Korea. Emerging markets such as these are expected to play a major role in the future development of this new approach to education. And, according to data provided by Valuates Reports, the academic e-learning market size was valued at USD 103.8 Billion in 2019 and is expected to grow CAGR 11.23% by 2025.

Meten EdtechX Education Group Ltd. (NASDAQ: METX) announced breaking news last week that, "its overseas training services was accredited as the "2020-2021 Most Famous Brand in the International Education Industry" by the Overseas Education Research Center of the China Education Think Tank Alliance, the Development Research Committee of Overseas Education Institutions (DRCOOT) and the National Academic Alliance of International Education Teachers (NAAIET) on Dec 16, 2020.

Overseas training services is a test-oriented ELT product launched by the Company that is mainly designed for students who plan to take international standardized tests, including, but not limited to, IELTS, TOEFL, SAT and ACT. Through intelligent analysis and evaluation system, overseas training services provides systematic teaching, training and comprehensive learning tracking service to students which stimulates students' learning motivation, cultivates students' 5 major habits of studying abroad, and helps students to achieve a solid academic improvement.

In addition to international standard test preparation, overseas training services team also provides overseas study application services for students going to the United Kingdom, the United States, Australia, Canada, and Hong Kong, including providing students with school selection, overseas study and living, and add on value for soft strength.

The Company will optimize and upgrade its current overseas training services to increase the diversity of its services, including, but not limited to, upgrading the products for middle school students, launching career and internship planning services and providing career consulting services which may enable students to overcome difficulties in improving scores, choosing majors and continuing to obtain higher education.

Assuming no resurgence of the COVID-19 pandemic in China, and taking into account recent positive developments relating to COVID-19 vaccines and the continuous recovery of China's economy, the Company expects student enrollment of overseas study application services will gradually return to pre-pandemic levels in the second and the third quarter of 2021. It also targets the gross billing of overseas study application services to reach approximately RMB10 million in 2021, representing about 100% increase compared with 2020."

For our latest "Buzz on the Street" Show featuring Meten EdtechX Education Group Ltd., recent corporate news, please head over to:
https://www.youtube.com/watch?v=WqSfyFd6MI8&ab_channel=FinancialBuzzMedia  

Adtalem Global Education Inc. (NYSE: ATGE) reported back in November its financial results for its fiscal 2021 first quarter ended September 30th, 2020. Revenue of USD 268.2 Million increased 5.4% compared to the prior year. "We delivered robust revenue and earnings per share growth, supported by significant enrollment increases across Medical and Healthcare, a steady return to clinicals and solid performance in Financial Services," said Lisa Wardell, chairman and CEO of Adtalem. "This strong outcome is the result of ongoing strategic investments, continued operational execution and expanded offerings across both verticals. Our strategic investments, along with increased demand, drove double-digit enrollment growth within Chamberlain University and solid single-digit enrollment growth across our medical and veterinary schools. We were also encouraged by solid revenue growth and significant operating income growth in the Financial Services vertical. This momentum throughout Adtalem positions us well for the remainder of the year."

2U, Inc. (NASDAQ: TWOU) announced last month an expanded portfolio of 10 new professional online short courses in Health and Wellness, Leadership and Management, Digital Transformation in Healthcare, and Innovation and Research developed by the Stanford Center for Health Education (SCHE). These courses will be available to global learners through GetSmarter, 2U's short course brand. "Health and wellness has never been more relevant to families, organizations, and society as a whole," said Andrew Hermalyn, President of Global Partnerships at 2U. "We're excited to expand our agreement with Stanford Center for Health Education and offer a broader portfolio of online short courses covering timely and important topics in healthcare."

Zoom Video Communications, Inc. (NASDAQ: ZM) announced back in October its new end-to-end encryption (E2EE) is now available to users globally, free and paid, for meetings with up to 200 participants. This feature is available immediately as a technical preview, meaning that the company is proactively soliciting feedback from users for the next 30 days. E2EE is available on Zoom desktop client version 5.4.0 for Mac and PC, the Zoom Android app, and Zoom Rooms, with the Zoom iOS app pending Apple App Store approval. "We're very proud to bring Zoom's new end-to-end encryption to Zoom users globally today," said Zoom CISO Jason Lee. "This has been a highly requested feature from our customers, and we're excited to make this a reality. Kudos to our encryption team who joined us from Keybase in May and developed this impressive security feature within just six months."

New Oriental Education & Technology Group Inc. (NYSE: EDU) a provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence. New Oriental offers a wide range of educational programs, services and products consisting primarily of language training and test preparation, primary and secondary school education, online education, content development and distribution, overseas study consulting services, pre-school education and study tour. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com 

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. FinancialBuzz.com has not been compensated directly by any of the companies mentioned here in this editorial unless mentioned otherwise. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For meten edtechx education group ltd video production, filming editing, news reporting, financial and corporate news dissemination, FinancialBuzz.com has signed a four-month agreement with the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com has agreed to three hundred thousand common and restricted shares locked up for six months, FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.

Media Contact:

info@financialbuzz.com
+1-877-601-1879
www.FinancialBuzz.com

 

Cision View original content:http://www.prnewswire.com/news-releases/web-based-education-solutions-offer-students-a-way-to-keep-on-track-301203231.html

SOURCE FinancialBuzz.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.