New Oriental caters to China’s age-old hunger for education.
Rising incomes and demand for skilled labor has made China one of the world’s largest markets for private-sector education. Spending on vocational education alone will grow almost 7% annually through 2022 to $151 billion, according to consultancy Frost & Sullivan.
Yu studied in the late 1980s to become an English teacher at China’s Peking University before starting New Oriental in 1993. New Oriental went public in 2006 and today is the largest provider of private educational services in China in terms of students, programs and geographic reach.
0 Comments