Xiao Whale Weekly Note:
[ Financing Events ] There are 8 cases in total, 3 cases in China and 5 cases abroad.
Accounting School announced that it had received hundreds of millions of strategic investment from Zhengbao Distance Education; European Prosus plans to acquire Stack Overflow, a US programmer question-and-answer platform, for US$1.8 billion; American Guild Education announced that it had received US$150 million in E-round investment.
[ Enterprise ] General Education’s IPO application in Hong Kong has expired, and it has submitted a prospectus to the Hong Kong Stock Exchange again.
The version of the Hong Kong stock IPO application submitted by General Education has expired; General Education has submitted a prospectus to the Hong Kong Stock Exchange again, intending to go to Hong Kong for IPO.
[ Policy ] The Ministry of Education issued the "Regulations on the Protection of Schools for Minors".
The Ministry of Education issued the "Regulations on the Protection of Schools for Minors". The "Regulations" comprehensively built a school protection system and established and improved corresponding specialized systems on hot issues of concern to society.
[financing event]
[ Xiaoyu Nimo ] Recently, Xiaoyu Nimo completed a new round of strategic financing of 50 million yuan. This round of financing was led by Shenzhen Qianhai Wutong Heyi and individual investor Zhang Mei, and other old shareholders followed. It is reported that the funds raised will be used to upgrade and improve the "research, production, marketing" links, expansion of internal teams, curriculum research iteration, and expansion of offline central campuses and operation centers. According to Tianyan Check data, Xiaoyu Nimo was established in 2019. It is an offline education brand under Shanghai Clown Fish Education Technology Co., Ltd. It is a water education development center mediated by "parent-child swimming". It is committed to allowing babies to gain happiness and growth in swimming experience. Through practice in the water, children can exercise multi-dimensional sensory development.
[ Accounting School ] On June 1, the Accounting School announced that it had received hundreds of millions of strategic investment from Zhengbao Distance Education. The two parties will carry out comprehensive strategic cooperation at the business level and capital level. According to Zhu Zhengdong, chairman of Zhengbao Distance Education, the strategic investment in the Accounting School is based on a high recognition of the corporate culture, development philosophy, vision and values established by the founder Liu Qi and his management team. The comprehensive cooperation between the two parties will provide students on both sides with more diverse courses and services to meet their different learning needs and habitual preferences. Liu Qi, founder of Accounting School, said that Accounting School entered the market with online accounting practice training, which is highly complementary to Zhengbao. In the future, both parties will achieve a comprehensive layout in online and offline certification, practical and employment.
[ Xiaoxing to become ] Recently, Xi'an Xiaoxing to complete an angel round of financing of millions of yuan. This round of financing was initiated and led by Xi'an investor Yang Fan. According to Tianyan Check data, Xiaolian is a local OMO music education institution in Xi'an. Since the project was launched in 2019, Xiaolianlian has always adhered to the strategic positioning of "empowering local primary and secondary schools quality education", with the phased mission of "being the most trusted third-party music education platform for local schools" and the phased goal of "exploding the local area and embracing the online" as the phased goal, it deeply explores and demonstrates the supply and demand relationship and effect of "instrumental music teaching, practice, and rehearsal", and applies online "0 delay audio transmission technology" to pioneer the formation of the "OMO music education and training model" with relatively leading advantages in the local area.
[News of the Week]
[ New Oriental Blog Article Little Writer Literature Society Wuxi Branch was established]
Recently, the establishment ceremony of New Oriental Blog Article Little Writer Literature Society Wuxi Branch (hereinafter referred to as Wuxi Branch) and the Chinese language product upgrade conference were held in Wuxi, the coast of Taihu Lake. New Oriental Wuxi School and Wuxi Radio and Television Station will work together. The two parties will carry out multi-angle cooperation based on the localization of Wuxi education, combining relevant policies, local development trends, Chinese teaching directions, and literary talent training.In the future, the Wuxi Branch of the New Oriental blog writer Literature Society will be based on the actual situation of local Chinese teaching, continue to introduce and integrate high-quality resources, provide students with richer and more valuable educational services and products, continuously stimulate students' creative potential and learning enthusiasm, and make outstanding humanistic literacy their core ability to face future challenges.
[General Education’s IPO application in Hong Kong is invalid]
days ago, according to the official website of Disclosure Yi, the version of the Hong Kong stock IPO application submitted by General Education Group Co., Ltd. has expired. General Education previously submitted an application for listing to the Hong Kong Stock Exchange on November 30, 2020, and plans to go to Hong Kong for an IPO. Guotai Junan Financing Co., Ltd. is its exclusive sponsor. Public information shows that General Education is a private higher education institution in Shanxi Province, China. It operates a college in Taiyuan City, Shanxi Province, China, namely Shanxi Business School. The college was approved by the Ministry of Education to upgrade to the first private undergraduate college in Shanxi Province in 2011.
[General Education submits a prospectus to the Hong Kong Stock Exchange again]
Recently, General Education Group Co., Ltd. once again submitted a prospectus to the Hong Kong Stock Exchange, intending to go to Hong Kong for IPO, and Guotai Junan International is its exclusive sponsor. It is reported that General Education had previously submitted a listing application to the Hong Kong Stock Exchange on November 30, 2020, which has expired. Public information shows that General Education is a private higher education institution in Shanxi Province, China. It operates a college in Taiyuan City, Shanxi Province, China, namely Shanxi Business School. The college was approved by the Ministry of Education to upgrade to the first private undergraduate college in Shanxi Province in 2011.
[Kaiyuan Education plans to grant 20 million restricted stocks to incentive targets]
On May 31, Kaiyuan Education released the 2021 restricted stock incentive plan (draft), with the total amount of restricted stocks to be granted to incentive targets 20 million, accounting for 5.86% of the company's total share capital when the draft incentive plan was announced. Among them, 16 million shares were granted for the first time, and 4 million shares were reserved. The incentive plan grants no more than 87 incentive targets for the first time, and the award price for the first time to grant restricted stocks is RMB 3.89 per share. The validity period shall be from the date of the first grant of the restricted shares to the date of full vesting or invalidation, and shall not exceed 60 months.
[ Angli Education cumulative repurchase of 10.4114 million shares]
On June 1, Angli Education issued an announcement stating that as of May 31, 2021, the company repurchased a total of 10.4114 million shares of the company through centralized bidding, accounting for 3.6334% of the company's total share capital. The highest price of the transaction was 15.10 yuan/share and the lowest price was 14.00 yuan/share. The total amount paid was 153 million yuan (excluding transaction fees). This repurchase is in line with the company's repurchase plan. As of the close of June 1, Angli Education was 14.58 yuan per share, up 2.75%, with a total market value of 4.178 billion.
[Jinbao joins hands with Alibaba Health Medical Deer to empower scientific raising of Chinese families]
On June 1, Jinbao and Alibaba Group's flagship platform for big health field, Ali Health "Medical Deer" APP, launched a series of cloud courses for infants and young children aged 0-3 years old and exciting health activities, popularizing professional and scientific parenting knowledge and promoting the upgrading of more family parenting concepts and methods. The cooperation with Alibaba Health's "Yilu" APP is another time to penetrate the field of big health and empower family scientific parenting after launching the medical education linkage project with the Fudan University Affiliated Pediatric Hospital of the National Children's Medical Center in January this year.
[First High School Education acquires Beijing Tomorrow]
Recently, the First High School Education Group announced the acquisition of 51% of Beijing Tomorrow's equity, with a transaction price of 76.5 million yuan. The transaction was completed in late May 2021. Zhang Shaowei, chairman and CEO of First High School Education Group, said that this combination will not only help improve the company's profitability, but also improve the overall quality of the education system, especially in the central and western regions of China, which have a strong demand for further development of education. This acquisition will undoubtedly strengthen the company's leading position and competitiveness in the field of private education. According to data, the First High School Education Group is the largest private high school operator in western China.Beijing Tomorrow is a full-time AI online live teaching institution, supporting it with strong offline operation and management strategies, and provides high-quality full-time AI online live teaching services.
[The two shareholders of Century Dingli reduced their holdings of 9.8886 million shares in total, and cashed out a total of approximately 63.0249 million]
Recently, Century Dingli issued an announcement that the company's shareholder Wang Liping reduced her holdings of the company's shares by 9.1801 million shares through centralized bidding transactions and bulk transactions. The price range of this reduction is 5.06-6.4 yuan per share, and cashing out about 58.7526 million yuan. The company's shareholder Shanghai Zhaoxin Investment Center (Limited Partnership) reduced its holdings of the company's shares by 708,500 shares through centralized bidding transactions. The price range of this reduction is 473-6.39 yuan per share, and cashed out about 4.2723 million yuan. The reduction of holdings of Qianzhaoxin Investment holds a total of 1,677,988 shares of the company. After this reduction, it holds 969,488 shares, accounting for 0.1731% of the total share capital.
[Shen Xiangyang and Wang Haifeng candidates academicians of the Chinese Academy of Engineering]
The list of candidates for the second round of academician elections in the Chinese Academy of Engineering in 2021 has been announced. After the first round of review, 235 candidates entered the second round of review. Microsoft Xiaobing Shen Xiangyang and Baidu CTO Wang Haifeng are on the list. Shen Xiangyang is a world-class expert in computer vision and graphics research. He is an IEEE Fellow and an ACM Fellow of the International Computer Society. He was elected as a member of the American Academy of Engineering in 2017 and an international academician of the Royal Academy of Engineering Sciences in the UK in 2018. In 2020, Xiaobing Company was independently operated after being split from Microsoft, with Shen Xiangyang as chairman. Wang Haifeng is currently the Baidu CTO, and is responsible for the technologies and ecology of Baidu artificial intelligence, big data, cloud computing, security, and other technologies and ecology, as well as intelligent cloud, map, input method and other businesses. Wang Haifeng has won 1 second prize in the National Science and Technology Progress Award and 5 first prizes in the Chinese Society of Electronics, all of which are the first winners. In addition, he is also the first Chinese president and ACL member in the more than 50 years of history of the world's most influential international academic organization in the field of natural language processing. It is worth mentioning that Wang Haifeng is the youngest candidate on this round of the shortlist of the Department of Information and Electronic Engineering.
[Education Chinese stocks fell collectively]
On June 3, Eastern Time, many Education Chinese stocks fell sharply after opening. During the session, the stock prices of New Oriental , Good Future, Gaotu and other companies fell by more than 10%. As of the close of US stocks that day, the stock price of Future Education was US$33.27 per share, a drop of 13.16%; the stock price of New Oriental was US$9.32 per share, a drop of 12.08%; the stock price of Gaotu was US$14.95 per share, a drop of 13.83%; the stock price of NetEase Youdao was US$22.96 per share, a drop of 6.82%; the stock price of YiXi Education was US$4.89 per share, a drop of 9.78%; the stock price of 51Talk was US$9.49 per share, a drop of 6.13%.
[Doushen Education plans to sell equity of Kangbang Technology, a wholly-owned subsidiary]
Recently, Doushen Education issued an announcement stating that in order to optimize the asset structure and help the company's long-term development, the company is planning to sell equity of Kangbang Technology, the proposed transaction method, counterparty, transaction equity ratio and transaction price have not yet been determined, and the specific transaction plan is to be further determined. If the plan to sell Kangbang Technology's equity is finally determined to sell all the shares, it can bring more cash inflows to the listed company; if it is finally determined to sell part of the shares and introduce new shareholders, it can improve the operation and management of Kangbang Technology. In addition, the planning to sell Kangbang Technology's equity is in line with the company's long-term development strategy, helps to optimize the company's asset structure, and is in line with the overall interests of the company and shareholders.
[Neosoft Education completes acquisition of equity in subsidiary companies]
Recently, Neusoft Education issued an announcement stating that it has completed the acquisition of 8.40%, 4.85% and 5.93% of the interests of Neusoft Ruixin, each held by China Life Insurance, China Life Health and Northeast University Group. Neusoft Ruixin, namely Dalian Neusoft Ruixin Technology Development Co., Ltd., has now become a wholly-owned subsidiary of Neusoft Education.This move may benefit Neusoft Education's future performance growth and reflects the company's confidence in its own development. It will also help the company improve operational efficiency and further deepen the group management model, and consolidate its position in the IT higher education service field.
[After Lingnan Education was renamed, submitting prospectus to the Hong Kong Stock Exchange]
Recently, China South China Vocational Education Group Co., Ltd. (hereinafter referred to as "South China Education") submitted a prospectus to the Hong Kong Stock Exchange, intending to go to Hong Kong for an IPO, with BNP Paribas being its exclusive sponsor. It is reported that the predecessor of South China Education is "Lingnan Education International Holdings Co., Ltd.", which submitted a listing application to the Hong Kong Stock Exchange on November 27, 2020, but the version of the Hong Kong Stock IPO application it submitted a few days ago has expired. Public information shows that South China Education is a service provider for private academic qualifications in the Greater Bay Area. Its main business is two schools operating in the Greater Bay Area, namely Lingnan Vocational and Technical College and Lingnan Modern Technician College.
[New Higher Education Group enters into a financing agreement]
days ago, New Higher Education Group issued an announcement stating that as the borrower, the company has entered into a financing agreement with Credit Suisse AG, Singapore Branch (Singapore Branch of Credit Suisse Bank Co., Ltd., a limited liability company established in Switzerland), which is a borrower and has entered into a financing agreement with Credit Suisse AG, Singapore Branch (a Singapore Branch of Credit Suisse Bank Co., Ltd., a limited liability company established in Switzerland), which includes a priority mortgage term loan and revolving loan financing up to US$100 million (with an over-financing right up to US$25 million), and the financing period will be 3 years from the first withdrawal.
[*ST Qinshang: Longwen Education releases risk warning for business situation]
Recently, *ST Qinshang issued an announcement stating that due to the recent severe impact of the sudden outbreak in Guangzhou and Foshan, Guangdong Province, the Guangzhou and Foshan Municipal Education Bureau, the Office of the Epidemic Prevention and Control Command, and other relevant departments require all training institutions (including custody) across the city to stop carrying out offline services. After receiving relevant notices recently, its wholly-owned subsidiary Longwen Education strictly abides by the epidemic prevention and control requirements of relevant local government departments. It has temporarily closed 57 teaching sites in Guangzhou and 17 teaching sites in Foshan, and carried out relevant publicity and explanation work, and properly handled related matters such as class adjustment and refund. In addition, the company expects that the sudden outbreak of the epidemic will have a significant adverse impact on Longwen Education and the company's overall operating performance.
[Policy Hotspot]
[Ministry of Finance and Ministry of Education: Improving the operating conditions of ordinary high schools]
Recently, the Ministry of Finance and the Ministry of Education jointly issued the "Notice on Issuing the Subsidy Fund Budget for Improving the Conditions of Ordinary High Schools in 2021". This time, the total subsidy budget for improving the operating conditions of ordinary high schools was issued to all provinces (autonomous regions, municipalities directly under the Central Government) was issued a total of 1.092 billion yuan in subsidy budget for improving the operating conditions of ordinary high schools, and has been previously allocated 5.328 billion yuan, totaling 6.42 billion yuan. The "Notice" requires that provincial finance and education departments should allocate funds scientifically, increase support for difficult areas and weak links, and tilt towards areas with difficulties in running schools due to the promotion of comprehensive reform of the college entrance examination, and speed up the filling of shortcomings of county-level general high schools. At the same time, education and finance departments at all levels should effectively strengthen the use and management of funds in accordance with the requirements of the "Regulations on the Management of Subsidy Funds for Improving the Conditions of Operation of Ordinary High Schools".
[The new "Law on Protection of Minors" is officially implemented]
Starting from June 1, the newly revised Law on Protection of Minors will be officially implemented. The revised Law on Protection of Minors is divided into general provisions, family protection, school protection, social protection, network protection, government protection, judicial protection, legal liability and appendix, with a total of nine chapters and 132 articles. This revision formulated and improved a series of relevant systems and measures, such as clarifying the national guardianship system, establishing a campus bullying prevention and control system, employment inquiry and prohibition system, etc.At the same time, the newly revised Law on Protection of Minors clearly stipulates that online live broadcasts are not allowed to be opened under the age of 16; the platform should restrict minors from online consumption and rewards; mobile phones cannot be brought into the classroom without permission; schools should not conceal the bullying of campuses; minors stay in hotels to strengthen registration management; those with close contact with minors, those with relevant criminal records are prohibited; schools cannot occupy holidays to make up for classes; tobacco and alcohol are not allowed to sell to minors, etc.
[Ministry of Education announced a list of independent colleges to undergraduate schools]
Recently, the Development Planning Company of the Ministry of Education announced a list of proposed consents for a number of independent colleges to undergraduate schools to be converted. Up to now, a total of 67 universities have completed their transformation and used new school names to enroll students. 26 universities have passed the Ministry of Education’s announcement and have not completed their transformation. In addition, the 32 independent colleges will be converted into 25 undergraduate colleges and universities, including 7 public and 18 private colleges. In May 2020, the Ministry of Education issued the "Implementation Plan for Accelerating the Transformation of Independent Colleges", proposing that by the end of 2020, all independent colleges need to formulate transformation work plans, and the transformation of independent colleges can be converted into private, public, and termination of school operations. It is also encouraged to actively innovate. It can explore and coordinate the merger and transfer of educational resources of higher vocational colleges in the province, or propose other transfer paths according to local conditions, and implement them after approval by the Ministry of Education.
[Beijing Municipal Education Commission notifies the inspection of violations of off-campus training institutions]
On June 1, the Municipal Education Commission issued the "Notice of the Beijing Municipal Education Commission on Inspection of Problems Found in Off-campus Training Institutions". The notice pointed out that from May 28 to May 30, the municipal "double reduction" working group organized an inspection team to conduct on-site inspections on some off-campus training institutions of unlicensed subjects and languages that were mastered in the early investigation of Xicheng District, Chaoyang District and Haidian District. It was found that some institutions had illegal acts such as conducting offline training without authorization and still recruiting new students after they were converted to online training. Among them, there are 9 training institutions involving the non-school license and illegally carrying out offline teaching activities; there are 8 training institutions that do not have a school license and convert to online teaching to consume existing courses but still publicize and recruit new students; there are 2 training institutions that have a school license and resume offline courses without approval.
[Ministry of Education issued the "Regulations on the Protection of Schools for Minors"]
days ago, the Ministry of Education held a press conference and issued the "Regulations on the Protection of Schools for Minors" (hereinafter referred to as the "Regulations"). The "Regulations" comprehensively build a school protection system and establish and improve corresponding specialized systems on hot issues of concern to society. The "Regulations" will be officially implemented on September 1, 2021. The "Regulations" clearly state that schools shall not disclose students' academic information such as exam results and rankings, and shall not publicize their academic status; compulsory education schools shall not occupy national statutory holidays, rest days and winter and summer vacations, and organize students to make up for classes in groups; schools shall establish a zero-tolerance handling mechanism for bullying, sexual assault, and sexual harassment of students and care and assistance mechanisms for injured students; schools shall take necessary measures to prevent and prevent faculty and staff and other personnel entering the campus from having romantic relationships and sexual relationships with students.
[10.78 million people register for the national college entrance examination in 2021]
On June 2, the Ministry of Education issued the "Ministry of Education, together with relevant departments, strictly require, and make every effort to ensure the safe and stable holding of the 2021 college entrance examination in 2021", saying that the number of people registering for the national college entrance examination in 2021 was 10.78 million, an increase of 70,000 over last year, setting a new high. In addition, in order to make every effort to ensure the safe and smooth holding of the 2021 college entrance examination, the Ministry of Education, together with the Ministry of Public Security, the National Health Commission and other relevant departments, carefully organized and made careful arrangements, and deployed various localities to strictly do a good job in college entrance examination safety, examination epidemic prevention, enrollment and admission, etc., to ensure the realization of the "safe college entrance examination" goal. The Ministry of Education stated that it will strictly manage and make every effort to ensure the safety of the exam; strictly prevent the epidemic and make every effort to build a solid line of prevention for the epidemic. Strict requirements and make every effort to deal with emergency responses; strict guarantees and comprehensively optimize examination services.
[Guilin Education Bureau’s key supervision training institution self-media]
Guilin Municipal Education Bureau WeChat public account News, Guilin Municipal Education Bureau recently issued the "Notice on Further Standardizing the Propaganda of Online Self-media Platforms of Off-campus Training Institutions" (hereinafter referred to as the "Notice"), requiring off-campus training institutions to submit their WeChat public accounts, Douyin accounts, etc. to the local education bureau for filing; the content published shall not be promoted and hyped about the admission rate or "top scorer" of the college entrance examination; primary and secondary schools shall not be promoted or encouraged to make up for the violation of regulations, "practice questions" to prepare for the exam, and teach beyond the syllabus and exceed the standard. Guilin Municipal Education Bureau stated that recently, when some off-campus training institutions are promoting through WeChat public platforms, parent groups, etc., there are violations such as publicity, speculation on the school's high school entrance examination admission rate, and reprinting relevant policy documents of the education administrative department without authorization, which has caused adverse effects in society. In order to further purify the education ecology, establish a scientific view of education and a correct educational evaluation orientation, the Guilin Municipal Education Bureau will further standardize the publicity and management of online self-media platforms of off-campus training institutions.
【Overseas】
【Prosus plans to acquire Stack Overflow for US$1.8 billion】
Recently, it was reported that European Prosus plans to acquire Stack Overflow, the American programmer's Q&A platform, for US$1.8 billion. It is reported that after the transaction is completed, Stack Overflow will retain the existing team to continue to operate independently, and will quickly expand services and increase investment in paid products. Prosus said that its total investment in the industry will reach $3 billion through the transaction. According to information, Stack Overflow was founded in 2008 and is an IT technology Q&A website related to programs. Users can submit questions, browse questions, index related content for free on the website, and use simple HTML when creating the homepage. On the question page, no advertisements, sales information, JavaScript windows, etc. will pop up.
[Guild Education received US$150 million in E-round investment]
Recently, Guild Education in the United States announced that it had received US$150 million in E-round investment. This round of investment was invested by Bessemer Venture Partners, Cowboy Ventures, D1, Emerson Collective, General Catalyst, GSV, Harrison Metal, ICONIQ, Redpoint and Salesforce Ventures. It is understood that Guild Education will use this funding to grow its training team, provide more short-term certificate opportunities to expand the learning market and strengthen ties with black colleges and universities. Founded in 2015, Guild Education mainly provides advanced programs and degrees for working adults. Working with nonprofit university institutions, we provide business with course training and corresponding certificates on a wide range of topics for our employees, including from high school courses, vocational education courses to university bachelor’s and master’s programs.
[Emile Learning received a seed round investment of $3 million]
Recently, Emile Learning in the United States received a seed round investment of $3 million. This round of investment was led by Kleiner Perkins, and was invested by SoftBank Opportunity Fund and former Uber employees, including investors (Uber Alum Syndicate), Owl Ventures, John Thornton (former president of Goldman Sachs), Steven Galanis (founder of Cameo and Ankur Nagpal (founder of Teachable). Information shows that Emile Established in 2020, Learning mainly offers online high school courses, including courses from AP (American University Pre-Recipe Course) language and AP biology to financial and performance. It is understood that Emile initially mainly helped students prepare for the AP exam. The reason for choosing this business is to help students earn college credits after entering university and save them thousands of dollars in fees.
【upGrad acquires Impartus for US$20.6 million】
Recently, India upGrad acquired Impartus for US$20.6 million in cash and stock, of which approximately US$6.87 million will be used to further expand the scale of the Impartus platform. After the acquisition is completed, Impartus will be renamed upGrad Campus, focusing on providing learning tools for higher education institutions and universities.In addition, through this acquisition, upGrad, which mainly focuses on professionals, plans to expand its younger user base, will release skills improvement courses on Impartus' video learning platform, and will also have the opportunity to reach 600,000 students and 280 higher education institutions in India.
[USA BEGiN announced the acquisition of codeSpark]
Recently, BEGiN announced the acquisition of children's programming platform codeSpark, and the specific transaction amount has not been disclosed yet. It is reported that through this acquisition, BEGiN will add programming courses based on existing products, and the age group of its services will also be extended from 0-6 to 0-10 years old. codeSpark will use BEGiN's platform to provide science, technology, engineering and mathematics digital courses for preschool to 10 years old. According to data, BEGiN was founded in 2011 and is committed to creating fascinating and effective learning products to provide the best education for young children around the world. codeSpark was founded in 2014. It is an educational technology company dedicated to implementing children's programming education in the form of puzzle games. It is based on exploring computer science course content and using interactive games to cultivate children aged 5-8 and teach programming knowledge and thinking patterns.
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-