SHENZHEN, China, May 20, 2022 / PRNewswire / – Meten Holding Group Ltd. (“Meten Holding Group” or “Company”) (NASDAQ: METX), an omnichannel training company based in China providing language and workplace training services and actively developing metaverse, blockchain, and cryptocurrency mining companies, announced today that the Company plans to launch a Chinese as a Foreign Language Education Program (the “Program”) worldwide. early June 2022.
The teaching of Chinese as a foreign language is a subject that involves comprehensive and interdisciplinary research, which includes basic theoretical research and applied language teaching. The program aims to better promote the learning and development of Chinese language teaching as a foreign language and make distinctive contributions to the promotion of the Chinese language in the countries of the Belt and Road initiative, including Malaysia, Indonesia, Thailand, Philippines, Vietnam en Southeast AsiaUnited Arab Emirates, Qatar, Kuwait, Saudi Arabia en Western Asiaand Serbia, Poland, Czech Republic, Croatia in Central e Eastern Europeetc.
The Company intends to use an online platform with a lightweight business model to build a global online learning platform with the goal of achieving the location and growth of educational services. Combining professional teaching experience with AI technology, the Company aims to offer customized services to meet the unique learning needs of students. To achieve the growth of the scale of educational services, the Company plans to integrate and leverage the resources of foreign teachers and collaborative channels that have been deeply cultivated for the English language training market for many years and adopt a low-cost, high-penetration model. to promote Chinese. training programs.
The market for Chinese as a Foreign Language Education programs is entering a new stage of rapid growth as demand remains strong. Despite the impact of the COVID-19 pandemic, the popularity of Chinese teaching continues to be strong around the world. According to official data from the Ministry of Education of the PRC, global demand for Chinese language education grew during the COVID-19 pandemic. For example, the number of students at the Confucius Institute at the University of Madrid en Spain increased by 20%. According to the Center for Language Education and Cooperation (“CLEC”), excluding native Chinese speakers, 1 in 31 people in the world has learned and used Chinese. Incorporated into the national education system, more than 25 million people abroad are learning Chinese and a total of nearly 200 million people have learned and used Chinese, according to Mr. Wenbin Wangthe spokesman for the Ministry of Foreign Affairs of the People’s Republic of China. In the first half of 2021, about 180,000 candidates worldwide took the Chinese language test, such as Hanyu Shuiping Kaoshi or the Chinese proficiency test (“HSK”), the HSK speech test (“HSKK”), the Chinese Business Test (“BCT”). ), and Youth Chinese Test (“YCT”), an increase of almost 50% over the same period last year. According to an article published by The Paper, a Chinese digital newspaper, the size of the overseas Chinese education market is expected to exceed 100 million RMB (approx $ 14.7 million) in the future.
Sir. Jason Zhao“The popularity of Chinese is growing worldwide, with many foreigners choosing Chinese as their second language, so the size of the international Chinese education market is growing significantly. However, also is a very fragmented market with limited professionals and vocational training institutions.The main goal of our Chinese instructors is to cultivate the ability of students to practice and communicate in Chinese on our online learning platform.We believe that students can use Chinese professionally in various industries and professional fields, such as business, economics and health. As industry pioneers, we will continue to work on teaching Chinese as a foreign language education program and online education platform to address current market needs. “
About Meten Holding Group Ltd.
Meten Holding Group Ltd., formerly known as Meten EdtechX Education Group Ltd., is an omnichannel training company based in China provision of language and vocational training services. In addition to its training services, Meten Holding Group is actively developing metaverse, blockchain and cryptocurrency mining companies to align with its future business development strategy. Meten Holding Group is committed to developing blockchain-related businesses North America, including cryptocurrency mining, construction of mining farms, and mining and data center. Meten Holding Group is actively exploring metaverse businesses, such as Metaverse vocational education courses, with their competitive advantages and technology.
For more information, visit: https://investor.metenedu-edtechx.com.
Declaration of safe harbor
This ad contains forward-looking statements that involve risks and uncertainties. These statements are made under the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology as “going”, “waiting”, “anticipating”, “future”. “,” plan “,” believe “,” estimate “and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. A number of factors could cause actual results to differ materially from the contents of any forward-looking statements, including, but not limited to, the future development and ability of the Company to succeed in its new line of business in the cryptocurrency and chain industry. of blocks. ; the continuing impact of the COVID-19 pandemic and the emergence of new variants; our ability to attract students without a significant decrease in course fees; our ability to continue to hire, train, and retain qualified faculty; our ability to maintain and improve our brands; our ability to effectively and efficiently manage the expansion of our school network and successfully execute our growth strategy; the outcome of ongoing or future litigation or arbitration, including those related to copyright and other intellectual property rights; competition in the English language training sector in China; changes in our income and certain costs or expenses as a percentage of our income; the expected growth of the Chinese English training and private education market; Chinese government policies related to private education services and providers of such services; health epidemics and other outbreaks in China; and general economic conditions in China. The Company assumes no obligation to update any forward-looking statements, except as required by applicable law. All information provided in this press release and the attachments is the date of this press release, and the Company does not undertake to update such information except as required by applicable law.
For investor and media inquiries, please contact:
Ascent Investor Relations LLC
SOURCE Meten Holding Group Ltd.