South China Morning Post: China’s After-school Education Embraces Doing Business Online
Jul 30, 2020
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South China Morning Post reports on our latest report in collaboration with China’s National Institute of Education Sciences and TAL Group, titled China K-12 After-school Training ‘To Business’ Market White Paper 2020.
China’s K-12 after-school education market is expected to see rapid growth after the Covid-19 pandemic subsides, reaching 1.4 trillion yuan (US$200 billion) by 2025, driven by new technology and the continued merger of offline-online educational activities, according to the white paper.
“The industry has been negatively impacted due to the Covid-19 outbreak, but the demand from parents and the fundamentals of the market remain unchanged. We expect the market to exceed 1 trillion yuan in a few years,” said Oliver Wyman partner Claudia Wang.
“Additionally, nearly 70 per cent of offline enrolled students moved online during the Covid-19 outbreak, spurring a wider awareness of distance learning,” Wang said.
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