Online education attracts investors
By Zhu Wenqian | China Daily | Updated: 2017-10-13 08:02
The online education sector in China has become one of the country's investment hot spots. Despite a number of problems that have emerged in the wake of the rapid expansion of the industry, investors and analysts are still bullish on the potential of its growth.
Through Sept 20, the year has seen 147 deals of public financing in China's online education sector. This is higher than the 120 deals made in the lukewarm year of 2016, according to consultancy iResearch.
By 2018, the market scale of online education sector in China is expected to reach 200 billion yuan ($30 billion), with a growth rate of nearly 20 percent every year, iResearch said.
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