China
China’s EdTech Landscape: Growth Trends and Future Outlook
China’s EdTech market fluctuated over five years, initially growing due to COVID-19 but slowing in 2021 from “Double Reduction” regulations. By 2023, it rebounded with 349 million users, as institutions shifted focus to personal development, with a market cap of $30.7 billion.
Over the past five years, China’s EdTech market has experienced several ups and downs. The market saw significant growth in 2019 and 2020, partly due to the impact of the COVID-19 pandemic, as parents and educators sought alternative ways to meet educational objectives. However, in the post-pandemic era, particularly in 2021, growth slowed due to regulatory pressures from the policy known as “Double Reduction.” Nevertheless, the market returned to growth in 2022 and 2023, with the user base for various types of online learning platforms expanding in 2023 to 349 million users, up 11.14 percent from the previous year.
The upturn trends to overcome the Double Reduction impact was partly because many institutions pivoted their services from subject-based learning to courses focused on personal development, critical and logical thinking, liberal arts, or outdoor sports.
Currently, China and India are two powerhouses that invest heavily in education, particularly through venture capital. This has led to a growing number of startups and small businesses entering the EdTech market and rapidly expanding. According to China’s Ministry of Education (MOE), a total of 291 million students were enrolled in all levels and types of educational institutions in 2023, a figure that has remained stable for more than five years, indicating that the student population is generally not changing much. The strong foundation of K-12 students also makes K-12 digital education the largest sector within online learning platforms.
By the close of 2023, the total market capitalization of the top seven leading EdTech companies stood at US$30.7 billion. Below are the values of some leading companies and the segments they belong to:
China’s EdTech can be generally divided into three categories: online learning platforms, technological learning kits, and study support software. Among these, online learning platforms represent the largest market.
Among all these sectors, the following are expected to experience significant growth in the near future, driven by China’s policy direction and social environment.
| This article was first published by China Briefing , which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in China, Hong Kong, Vietnam, Singapore, and India . Readers may write to info@dezshira.com for more support. |
Read the rest of the original article.
China
China reaps most of the benefits of its relationship with Africa: what’s behind the imbalance
China gains significant advantages from its relationship with Africa, resulting in an imbalance that raises questions about the underlying reasons and consequences of this unequal partnership.
China reaps most of the benefits of its relationship with Africa: what’s behind the imbalance
This article is republished from The Conversation under a Creative Commons license. Read the original article.
China
Taiwan and China Need to Reach a New Political Agreement to Prevent Conflict
China and Taiwan must negotiate a new political framework emphasizing ‘One Country’ principles, respecting autonomy, and prioritizing dialogue to avoid conflict, rather than relying on military strength.
The Need for Negotiation
To avert a disastrous conflict, China and Taiwan must engage in negotiations to establish a new political framework that clarifies their relationship while adhering to ‘One Country’ principles. Both sides are misguided in their belief that military might alone can ensure security. A peaceful resolution requires dialogue, and a mutual respect for each nation’s autonomy and political concerns.
Redefining Boundaries
Taiwan’s defense against potential decapitation assaults and amphibious invasions is crucial, yet these measures cannot guarantee long-term stability. Taipei and Beijing’s continual push towards their political red lines intensifies the risk of conflict. To mitigate this, it is imperative that both parties create a mutually acceptable agreement that delineates and respects their respective boundaries and concerns.
Moving Forward Together
Taiwan could address China’s apprehensions about independence by framing their relationship as region-to-region, enhancing dialogue while still asserting its sovereignty. Meanwhile, China should acknowledge Taiwan’s democratically elected government as an equal political entity and allow participation in international organizations. Such a framework would enable Taiwan to assert its independence while allowing China to maintain its goal of peaceful reunification.
Source : Taiwan and China must negotiate a new political agreement to avoid war
Business
CITIC to Divest Stake in McDonald’s Operations in China and Hong Kong for $430.3 Million
CITIC Ltd is selling its 19.23% stake in Fast Food Holdings, which manages McDonald’s in China and Hong Kong, to Trustar Fast Food for $430.3 million.
CITIC Ltd Sells Stake in Fast Food Holdings
China’s CITIC Ltd, a prominent state-owned enterprise, has made a significant business decision. The company has agreed to divest its 19.23% stake in Fast Food Holdings, which oversees McDonald’s operations in China and Hong Kong.
Deal Details and Financial Implications
The transaction is valued at approximately $430.3 million. This move indicates a strategic shift for CITIC, as it steps back from its involvement in one of the leading fast-food chains in the region.
Reporting and Editing Notes
The deal has garnered attention in the financial community, emphasizing the ongoing changes within the fast-food industry in China. The information was reported by Roshan Thomas from Bengaluru, with editing provided by Arun Koyyur.
Source : CITIC to sell stake in McDonald’s China, Hong Kong business for $430.3 million
- China reaps most of the benefits of its relationship with Africa: what’s behind the imbalance
- China’s EdTech Landscape: Growth Trends and Future Outlook
- Taiwan and China Need to Reach a New Political Agreement to Prevent Conflict
- CITIC to Divest Stake in McDonald’s Operations in China and Hong Kong for $430.3 Million
- African nations can do more to benefit from ties with China, the world’s second-strongest economy
- Apple’s Growth Revived by Surge in iPhone 16 Sales in China – Thailand Business News
