According to reports on January 16, Israeli company Verbit announced that it had received a US$31 million Series B financing led by Stripes, followed by Viola Ventures, Vertex Ventures, HV Ventures, Oryzn Capital and ClalTech.

This week's hot words in the education industry

[financing event]

January 13th news, the youth basketball training brand five-star sports and golf training brand Taipingsong Golf announced the completion of the merger, and the new company was renamed Taipingsong Sports Group. The Group completed a $8 million financing led by Taiping Matsu Capital, which includes $6 million in Series A priority investment and $2 million in existing common stock purchases. It is reported that this financing will be mainly used to open training centers, develop and expand coaching teams and technical platforms, and provide support for existing market growth and expansion.

January 14th news, education startup Jolt has received US$14.1 million in Series A financing. The round was led by Balderton Capital, with Hillsven Capital and Octopus Ventures. Jolt's total financing amount reached $23.3 million. According to foreign media reports, this round of financing will be used to expand the UK and Israeli markets, and to open the first American campus in Manhattan to enter the US market. Jolt currently has 3 campuses in London and 7 campuses in Israel.

htmlOn January 15th, Beijing Wanxue Education Technology Co., Ltd. announced that it had completed a USD D round of financing of 100 million in October 2019. The lead investor is Andafu Fund, and Index Capital serves as the financial advisor for the financing. Zhang Rui, founder and chairman of Wanxue Education, said that this financing will be used to complete the research and development of the revolutionary product "the optimal educational planning and learning integration system based on adaptive career goals" and the national layout of the existing product matrix.

htmlOn January 15th, the educational drama training institution completed a million-dollar angel round financing for Shang Watt, and the investor was Weiming Capital. It is reported that this round of financing funds will be mainly used for investment in strengthening the faculty system, upgrading the brand image and opening new stores. It is reported that Wei Shang Watt was founded in 2016. It is an institution that provides educational drama training for children aged 3-12. It is committed to letting more families and children be together and feel the charm of drama. Through experiential and comprehensive art education, children can tap their inner potential in happiness and cultivate their future core literacy.

htmlOn January 16, Israeli company Verbit announced that it had received a US$31 million Series B financing led by Stripes, followed by Viola Ventures, Vertex Ventures, HV Ventures, Oryzn Capital and ClalTech. As of now, the company's total financing has reached US$65 million. It is reported that Verbit was founded in 2017 and is headquartered in Tel Aviv, Israel and New York, USA. It mainly uses AI technology to provide voice transcription and subtitle services. The company mainly provides services to verticals including education, media, law, etc. This round of financing will be used to increase language types, expand new verticals, and plans to double the number of employees in 2020.

htmlJanuary 17th news, Gagabo, a short video platform for enlightenment English education, recently announced that it had received a seed round of US$1 million financing from Amoeba Capital at its beginning of its establishment. Public information shows that Gagabo focuses on the field of Chinese children's English education, providing all-round one-stop services such as English enlightenment, interest guidance, and extracurricular assistance for children aged 0-6.

htmlJanuary 17th news: Indian education technology startup Toddle recently announced that it has received a financing, led by venture capital company Matrix Partners India, and participating investors include Better Capital, a venture capital company focused on investing in seed rounds, and Swiggy co-founder Rahul Jaimini and other angel investors. The specific amount has not been disclosed.

htmlJanuary 17th news, "Horbill Education", which focuses on college students' vocational education today, announced that it has completed a Pre-A round of financing of tens of millions, and the investors are Zhengbao Distance Education, a listed company in the US stock market. Founder Ding Ya said that Hornbill's round of financing will be mainly used for course content research and development, team building and market expansion. Public information shows that Hornbill Education takes the college student group as the entrance, focuses on various campus examinations, provides training programs such as public examinations, postgraduate entrance examinations, teacher qualification certificates, CPAs, etc., and provides full-category vocational examination training services in the form of "offline teaching + online after-class tutoring + strong supervisor".

1/18, the enterprise training platform solution service provider Yunxuetang completed a US$100 million Series D financing. This round of financing was led by Dazhen Capital and followed by Yunfeng Fund and SIG. This round of financing will be mainly used for content ecological construction and the improvement of professional service capabilities. It is reported that as of now, Yunxuetang has completed six rounds of financing, with a total amount of US$200 million, making it the company with the largest investment and the highest investment frequency in the field of domestic enterprise training so far. In 2014, it completed a Series A financing of RMB 80 million, and the investor was Langmafeng Venture Capital. In 2017, it completed a US$22 million Series B financing, with the investor being SIG (Haina Asia). In November of the same year, a B+ round of financing of RMB 70 million was completed, invested by Himalaya. In 2018, it completed a US$50 million Series C financing, with investors including Yunfeng Fund and SIG.

[News for the Week]

January 10th, at the 8th meeting of the 9th Board of Directors, China Hi-Tech reviewed and passed the "Proposal on Terminating the Acquisition of 49% of Yingteng Education's Shares and Related Transactions", and decided to terminate the Acquisition of 49% of Guangxi Yingteng Education Technology Co., Ltd.'s ("Yingteng Education") . At the same time, China Hi-Tech said that after the termination of this transaction, if the company eventually loses control of Yingteng Education, the company will lose important support for its business and profits in the field of medical education.

htmlOn January 10th, Zhongjiao Holdings issued an announcement stating that it would acquire 100% of Ganzhou Meizhi Education's shares, with a total transaction price of RMB 238 million. The announcement pointed out that Meizhi Education indirectly owns 20% of the shares of Zhengzhou Urban Rail Transit Secondary Vocational School (hereinafter referred to as "Zhengzhou School"). After the completion of this acquisition, Zhongjiao Holdings already owns 100% of the controlling stake in Zhengzhou School. At the same time, the announcement pointed out that the seller of this transaction was Yu Cuntao and Ganzhou Yuze Enterprise Management Co., Ltd. The buyer is Junshi Education Consulting Co., Ltd., which is a wholly-owned subsidiary of Huafang Education. The transaction will be divided into 4 payments, which will be paid in batches at 20%, 30%, 30%, and 20% of the total transaction price.

1 January 12th news, Lisichen's board of directors recently received a written resignation report submitted by the company's vice chairman and director Zhou Xizhu; director and vice president Lei Sidong; vice president Han Xue. After resigning from the above positions, Zhou Xizhu and Lei Sidong will no longer hold other positions in the company; Mr. Han Xue will continue to hold relevant management positions in the company's strategy and innovation development department. It is reported that in order to ensure the smooth handover and efficient operation of the company's related work, nominated by the company's chairman and reviewed at the 35th meeting of the fourth board of directors of the company, it agreed to appoint Mr. Zhao Boqi, Mr. Yang Shen and Mr. Zhu Yat as the company's vice presidents, and it is planned to by-elect Mr. Zhao Boqi and Ms. Quan Tingting as directors of the company's fourth board of directors.

1 January 12th news, after being accused by Xingma Education, Sanli Education, a study abroad examination tutoring brand, had another dispute with its subsidiary. The focus of the study abroad application institution, Xu Yi, the general manager of the study abroad application agency, reported his parent company Sanli Education without authorization to misappropriately apply for tutoring, with a total of more than 20 million yuan. Xu Yi said: According to the company's financial statistics, Sanli Education transferred more than 44 million yuan, and net transfer of more than 23 million yuan (not yet paid back), and almost emptied the account. Currently, the company's account has only 4 million yuan left, and it is basically impossible to maintain normal operations. After communicating with Sanli Education, the contradiction escalated. The 10th of each month is the company's employee payment day. Currently, only basic wages are paid, and a large number of students have received refunds.

1/12th news, the 2020 Tencent Classroom Annual Summit "Leading the Wind and Converging Changes" was held in Beijing. Chen Shujun, Vice President of Tencent Education and General Manager of Tencent Online Education, released the 2019 annual report card at the summit. "The total number of institutions that have settled in Tencent Classroom has exceeded 72,000, and the annual revenue growth rate of the TOP 100 institutions is 62%, and there are more than 30 institutional partners with revenue of over 10 million. In 2019, the revenue of institutions increased by 45%. IT Internet, design and creation, vocational examinations and postgraduate entrance examinations are the main growth categories. Emerging categories such as high school, postgraduate entrance examination, certification examinations, painting, industrial design, etc. have grown rapidly and the scale exceeds 10 million."

1/12 According to Japanese news, the launch conference of the "Production and Education Cloud" main network sponsored by "Production and Education Cloud" and jointly initiated by China Education Think Tank Network and Baiding Think Tank was held at the Beijing Mobile Silicon Valley Innovation Center.Liu Shihai, former deputy director of the Education Equipment Research and Development Center of the Ministry of Education, Gao Shuguo, deputy secretary-general of the Chinese Education Society, Zheng Delin, general manager of the China Education Think Tank Network, Jing Runbing, director of the Resource Management Department of the China Children's Center, Zhang Ge, vice president of New Oriental Education Group, and other educational experts, scholars and practitioners from the education industry attended the press conference.

1/12th news, the 2020 National Education Work Conference was held in Beijing. When talking about strengthening the construction of the teacher team, Minister of Education Chen Baosheng said that we must strictly strengthen teachers' ethics, promote development, improve management, and establish dignity. We must vigorously create a social atmosphere of respecting teachers and valuing education and improve the social status of teachers. Chen Baosheng said that it is necessary to speed up the issuance of rules for teachers to implement educational punishment, compile guidance manuals for teachers to implement educational punishment, clarify the authority, scope and procedures for teachers to carry out educational punishment, and solve the problem that teachers dare not control or are not good at managing students.

htmlOn January 13th, New Oriental founder Yu Minhong delivered a speech at the 2020 New Oriental New Year party, pointing out that in 2019, New Oriental will focus on ground education and be promoted with online education. At the same time, the overall goals for 2020 were also proposed. At the meeting, Yu Minhong pointed out that under such a complicated situation in 2018 and 2019, New Oriental did something - with the development of ground education as the core and the promotion was fully promoted with online education. Ground education is the core, and no matter how developed the technology is, it cannot be replaced. With the assistance of technology, New Oriental has made ground education teaching more effective and orderly through technology, promoted the development of ground education and achieved the growth of New Oriental's ground education business at a rate of 30% per year.

htmlOn January 13th, Zuoyebang APP has undergone a new revision and upgrade. In addition to "taking photos and searching questions", it has also added functions such as "mental calculation correction" and "practice", and has also optimized the homepage function layout and visual design. It is reported that intelligently correcting primary school mathematics homework can achieve full correction of calculation questions such as mixed calculation operations, vertical calculation, deformed calculation, and equation solving, with the overall accuracy of correction reaching 98%. The exercise function is divided into two types: synchronous exercises and test papers. Synchronous exercises provide chapter content and exercise questions synchronized with the textbooks, so that users can synchronize the key points and difficulties of the exercises during the learning process.

html January 13th news, at the "2019 China Hainan International Cultural and Education Expo and International Education Annual Ceremony" event held by Sanya , the Future Leadership School and People's Publishing House officially signed a contract, announcing that the "Huagen Chinese - Middle School Classic Cultural Readings" (all six types) school-based textbooks will be officially published and publicly issued in the first half of 2020 for teaching in grades 7-12. This has also set a precedent for international schools to publish and issue Chinese school-based textbooks.

htmlOn January 13, the Science Communication Bureau of the Chinese Academy of Sciences issued a statement on the inappropriate publication of the journal "Glacier and Frost" stating that the article has problems such as inconsistent academic positioning of the journal. An investigation team will be set up to investigate carefully, and related issues will be carried out to effectively deal with and rectify, and resolutely eliminate similar situations.

htmlOn January 13, Hejing Technology issued an announcement on the change of its controlling shareholder. Its former controlling shareholder and actual controller Chen Bolin and Jingzhou Huihe signed the "Share Transfer Agreement between Jingzhou Huihe Equity Investment Partnership (Limited Partnership) and Chen Bolin". Chen Bolin transferred the 29.5 million shares of the company he held to Jingzhou Huihe, with a transfer price of 239 million yuan, equivalent to about 8.10 yuan per share.

htmlOn January 13th, China Kepei Education Group Co., Ltd. issued an announcement stating that it plans to acquire Harbin Petroleum College for 1.45 billion yuan. China Science & Technology believes that this acquisition is the first milestone in which the group has tried to expand its school network and increase its market penetration since its listing last year. With the acquisition, the group will have the ability to enter Harbin, which is another important position of strategic significance. In addition, after the acquisition, the total number of students in the group will further increase, and its profitability and penetration will further increase.

1 January 13th news, the 2020 RiSi Employee Annual Meeting hosted by Ruisi Education and with the theme of "Walking with You and Me, Walking with You" was held in Beijing. Ruisi Education Chairman and CEO Wang Lihong, the executive team and more than 2,300 Ruisi employee representatives from all over the country attended the event.At the opening, Wang Lihong delivered a keynote speech on "Welcoming the era of 'needless needs' of quality education", sharing and summarizing the honors and achievements achieved by Rise in 2019, and proposed that in 2020, Rise will pass 1 core goal, 2 major business focus, 3 major management elements, and 4 RISE action guidelines to accelerate the completion of digital upgrades, becoming a leading platform for interdisciplinary quality education, and realize multi-product and full-scene service capabilities.

1 January 13th news, the official WeChat of Beijing University of Science and Technology announced the 2020 annual postdoctoral innovation talent support plan (referred to as "Boxin Plan"). The plan will combine key scientific research bases such as National Laboratory to target major national strategies, strategic high-tech and basic science frontier fields, and select 400 outstanding doctors who have graduated or recently graduated, and enter domestic postdoctoral station units to engage in postdoctoral research. It is reported that the selected doctoral state will provide each person with a fund of 630,000 yuan in two years, of which 400,000 yuan is the daily fund for postdoctoral students, 200,000 yuan is the postdoctoral science fund, and 30,000 yuan is the fund for international exchanges.

html January 14th news, Tsinghua University and Peking University issued a notice, deciding to open some undergraduate courses and recognize each other's credits from this spring semester. Among them, Peking University opens 27 courses, mainly humanities and social science courses; Tsinghua opens 12 courses, mainly science and engineering. It is reported that in the spring semester of 2020, Peking University will provide some quotas for 27 undergraduate general courses, which will be open to undergraduate students of Tsinghua University. At the same time, the official website of Peking University Academic Affairs Office issued an announcement stating that in the spring of 2020, Tsinghua University will open 12 high-quality courses for undergraduate students at Peking University, with a total of 15 shifts and 170 places.

htmlOn January 14th, at the press conference of the third meeting of the 15th Beijing People's Congress, Li Yi, deputy secretary of the Education Work Committee of the Beijing Municipal Party Committee and deputy director of the Municipal Education Committee, said that it is expected that 30,000 new preschool degrees will be added this year, achieving the enrollment rate of children of appropriate age in the city to reach more than 85%, and the coverage rate of universal kindergartens exceeds 80%. According to data, as of the end of November 2019, Beijing has added 139 kindergartens through new construction, reconstruction, expansion and encouraging and guiding social capital to run kindergartens, and has expanded preschool education degrees to 30,326. In 2019, there were 695 kindergartens that enjoyed the per capita subsidy of municipal general kindergartens, benefiting about 180,000 children.

htmlOn January 14th, the "2020 IELTS Examination Partner Annual Meeting and Awards Ceremony" hosted by the British Cultural and Education Association was held in Xiamen. At the meeting, the British Cultural and Education Association revealed that it will build large-scale IELTS test sites nationwide starting from May, and plans to cover 14 cities including Shenzhen, Nanjing, Chengdu and Wuhan by the end of the year. It is reported that the computer-based examination mode is completely consistent with the paper-and-pencil model in terms of examination content, scoring standards, difficulty level, examination question types, examination safety settings, etc., but it is more flexible in exam arrangements. The exam sessions are multiple times a week, 1-3 sessions a day. Candidates may complete all examination contents, including speaking, on the same day. At the same time, the computer-based exam will be completed 7 days before the exam date, and the results will be checked 5-7 days after the exam.

html January 15th news, Zuoyebang celebrates its sixth anniversary. Zuoyebang CEO Hou Jianbin posted internal emails for all employees, counting Zuoyebang’s development history and achievements over the past six years, and encouraging Zuoyebang’s students to go to the next six years with awe and firmness. In the letter titled "Written in Homework Help for Six Years - Because of You, the Future Is Promising", Hou Jianbin recalled that six years ago, starting from the small house in No. 1, Shangdi 4th Street, we crossed one challenge after another, withstood the pressure, faced difficulties, started from taking photos and searching questions, launching live classes, and online oral calculation corrections... Along the way, opportunities and challenges coexist, and glory and responsibility coexist.

htmlOn January 15th, LEGO Group and Tencent announced that the two parties have recently renewed the Memorandum of Understanding on Strategic Cooperation, which lasts for two years. The two parties will deepen cooperation in the fields of video, games, digital child safety, etc., and explore new cooperation possibilities in the fields of social, intellectual property rights and corporate social responsibility. According to this memorandum of understanding, both parties will jointly create high-quality LEGO digital content to optimize children's digital play experience.In addition to the cooperation already carried out, the two parties will explore the field of digital social networking. Based on the design concept of LEGO Life, they will develop, publish and operate a LEGO digital social networking service and product for children and teenagers in China. At the same time, the two parties will also cooperate in the field of software applications to develop, issue and operate software applications matching LEGO Toys in China.

htmlOn January 15th, the "Internet Empowers Public and Private Education Integrated Development Seminar" was held at the Ministry of Education. Wang Zuoshu, member of the Standing Committee of the 12th National People's Congress, vice chairman of the Central Committee of the Democratic Progressive Party, deputy chairman of the National People's Congress Education, Science, Culture and Health Committee, and president of the China Private Education Association, Zhang Jiayong, director of the Education Development Research Center of the Ministry of Education, Yu Xiaoya, professor of , and many public schools and informatization experts gathered together. From the perspective of public and private educators, he held a heated discussion on issues such as the common points of public and private education, and the responsibilities and obligations that public and private education bear in integrated development under the Internet empowerment environment.

htmlOn January 15th, Yuanfudao announced that it had signed a strategic cooperation agreement with Guo Railway Jixun, the operator of the official APP of China Railway, the "Mobile High-speed Railway", and will officially launch the national high-speed railway "on-car online education" service. It is reported that from January 17, passengers can experience the online learning content provided by Yuanfudao for primary and secondary school students by downloading the "Palm High-speed Railway" APP, connecting to the train high-speed railway WiFi, and entering the Yuanfudao area on the "Palm High-speed Railway".

htmlOn January 16th, Jianqiao Education was listed in Hong Kong and rose 11.9% at the opening to HK$6.77 per share. It is reported that the issuance price of Jianqiao Education is set at HK$6.05 per share, and 100 million shares will be issued worldwide. After deducting the underwriting expenses, commissions and expenses paid by the company for the global offering (assuming that the over-allotment is not exercised), the net amount of funds raised by Jianqiao Education from the global offering is approximately HK$548 million, which will be mainly used for acquisitions or investments to expand the school network, campus construction and repay loans.

htmlOn January 16th, New Oriental held a 2019 education and training industry development trend research conference, and released the bilingual Chinese and English version of "Innovation Review and Insights Outlook of China's Education and Training Industry 2019" to discuss and analyze the problems faced and the way to break the deadlock from 5 different fields: K12, early childhood education, quality education, educational informatization and vocational education. It is reported that this report was jointly compiled by the New Oriental Enterprise Development and Strategic Planning Department and Oriental Coordinate College . Yu Minhong, Chairman of New Oriental Education Technology Group, students of Oriental Coordinate College, New Oriental invested enterprises and educational investment institutions attended the press conference.

htmlOn January 16th, the Ministry of Education announced the "2019 National and Provincial First-Class Undergraduate Major Construction Points". Dalian Neusoft Information College ranks first among private universities in the country with excellent results in 3 national and 6 provincial first-class undergraduate major construction sites. According to relevant reports on the official website of Dalian Neusoft University of Information, the 9 majors selected for the "Double Ten Thousand Plan" cover more than 40% of the school's undergraduate students. At the same time, 7 of the 9 majors selected are IT-related majors, accounting for 78% of the total number of selected majors, which is highly consistent with the school positioning of the IT Applied Technology University.

htmlJanuary 17th news, according to Hong Kong Stock Exchange, recently, Montchi Qianli Group Holdings Co., Ltd. submitted an application for listing on the main board to the Hong Kong Stock Exchange, and Ballas Capital serves as its exclusive sponsor. The company submitted a form to the Hong Kong Stock Exchange on July 8, 2019, and its information has expired. According to public information, Monkey Qianli was founded in 2009 and is headquartered in Hong Kong. It mainly provides English course services for children aged 3-12 under the "Monkey Tree" brand. Currently, it has 77 Monkey Tree learning centers, including 18 self-operated centers in Hong Kong, and 43, 3 and 13 franchise centers in Hong Kong, Macao and mainland China respectively.

htmlOn January 17th, on the 16th, Dashan Education, the second largest K12 institution in Henan, submitted a prospectus to the Hong Kong Stock Exchange, intending to list on the Hong Kong main board, and the exclusive sponsor is Fan Finance Co., Ltd. As a mainland educational institution that has sold prices on the Hong Kong Stock Exchange in 2020, Dashan Education has become the third regional K12 extracurricular tutoring company to go public in Hong Kong after Excellence Education and Sikaole Education.

htmlJanuary 17th news, according to Glodon, last night, Zhonghui Group announced its Q1 financial report for fiscal year 2020, with revenue of 210 million yuan, a year-on-year increase of 19.4%; gross profit of 104 million yuan, a year-on-year increase of 21.3%. The gross profit margin was 49.5%, an increase of 0.8 percentage points year-on-year. It is reported that during the review period, the number of students in Zhonghui Group reached 35,227, an increase of 7.7% from the same period last year. Among them, the number of students in Guangdong University of Finance and Economics ("Hua Business School") increased by 6.3% from the same period last year to 24,116, and the number of students in Guangzhou Huashang Vocational College ("Huashang Vocational College") increased by 11.3% from the same period last year to 10,661. In addition to the increase in the number of students, the average tuition fee for the group's students also recorded a considerable increase. During the review period, the average tuition fee for students in Huashang Vocational College was RMB 24,671, a year-on-year increase of 13.3%, while the average tuition fee for students in Huashang Vocational College increased by 3.5% year-on-year to RMB 15,617.

htmlOn January 17th news, Ruisi Education announced on January 15th that it will reach an authorized cooperation with Universal Pictures to introduce the IP image and story content of the "Kung Fu Panda" series. It is reported that Ruisi Education will launch the "Panda Master Class", which will develop English learning products such as "English picture books, short-term courses, auxiliary content" based on the learning interests and growth rules of domestic children aged 3-8. Some of the content will be introduced into the "Kung Fu Panda" series. It is reported that introducing the IP image and story content of the "Kung Fu Panda" series is considered to be an act of exploring the margins of quality education. Previously, Ruisi Education announced the appointment of Chairman of the Board of Directors Wang Lihong as the new CEO. After taking office, Wang Lihong adjusted the development direction of the company to "digital interdisciplinary quality education."

htmlJanuary 17th news, Sishi Education announced its Q3 financial report for fiscal year 2020 ended November 30, 2019. The revenue for this quarter was 103.5 million yuan, a year-on-year increase of 13.5%, and gross profit of 53 million yuan, a year-on-year increase of 10.2%, and net profit of 11.3 million yuan, a year-on-year increase of 321.6%. The adjusted net profit was 14.5 million yuan, a year-on-year increase of 6%. According to the financial report, Siji Education's revenue cost this quarter was 53.02 million yuan, a year-on-year increase of 10%. General and administrative expenses reached RMB 33.39 million, an increase of 4% year-on-year. Sales and marketing expenditure was RMB 8.75 million, an increase of 5% year-on-year.

1/18 news, Liuli said that it issued an announcement announcing that its CFO Yu Bin had resigned on January 16, but will continue to serve as a public financial consultant. During the transition period, the position of CFO will be temporarily replaced by Liulishuo Chairman and CEO Wang Yi until a new CFO is found. It is reported that Liuli said it is the third listed company to Yubin Service. It has previously served as CFO of Tudou.com, Star Media , and Xuchuang Technology. In August 2019, Yu Bin proposed to resign for the first time, but he is still on duty since then, which shows that he has not found a suitable CFO candidate.

1-18th news, the first "Three Going to the Countryside" event in Wuhan was launched in Huangpi . As a Wuhan Internet online education company, Shangde Institute actively participated in the event and sent advanced Internet education resources to the countryside. It is reported that during this event, Suntech Institution built an Internet class through an on-site live teaching system, allowing the people participating in the event to personally experience the Internet online courses. At the same time, Suntech Institution also brought free online course resources to this Wuhan City "Three Going to the Countryside" concentrated demonstration event. The courses cover administrative management, Chinese language and literature, industrial and commercial enterprise management, accounting, preschool education, law and other compulsory courses for adult self-study, as well as popular professional qualification certificate courses such as teacher qualification certificate, accounting title, and certified public accountant.

[Policy Hot Spots]

January 15th news, the Ministry of Education issued the "Opinions on Carrying out Pilot Work on Basic Discipline Enrollment Reform in Some Universities". The opinion points out that since 2020, pilot reform of basic subject enrollment (also known as the Strong Foundation Plan) will be carried out in some universities, and independent enrollment plans for colleges and universities will no longer be organized. The opinions point out that the Strong Foundation Program mainly selects and trains students who are determined to serve the country's major strategic needs and have excellent comprehensive qualities or are top-notch in basic disciplines. Focus on key areas such as high-end chips and software, intelligent technology, new materials, advanced manufacturing and national security, as well as the humanities and social sciences where national talents are scarce, and relevant universities will reasonably arrange the enrollment majors based on their own school characteristics.

January 16th news, in response to the recent issue of some institutions without school licenses carrying out training for primary and secondary school students under the name of "quantum fluctuation speed reading" and "whole-brain training", the Office of the Education Supervision Committee of the State Council recently issued the "Notice of the Office of the State Council on Investigation and Dealing with Several Off-campus Training Institutions" (hereinafter referred to as the "Notice"), further strengthening the warning role and promoting the standardized development of off-campus training institutions. The Notice clearly states that all localities must attach great importance to it, take effective measures to seriously investigate and punish violations, strive to improve long-term mechanisms, and effectively consolidate governance results.

htmlOn January 17, the "Opinions of the Ministry of Education and the People's Government of Shandong Province on Promoting Quality Improvement and Excellence in the Whole Province to Build a Highland for Innovative Development of Vocational Education" (hereinafter referred to as the "Opinions") was officially issued. The "Opinions" are based on the innovative development of vocational education, promoted throughout the province, and "take the lead and try" to explore the future development direction of vocational education. The "Opinions" point out that, oriented towards adapting to industry and employment needs, schools will be given more autonomy in terms of management system, professional setting, teacher treatment, professional title evaluation and appointment, school-enterprise cooperation, teacher recruitment, etc. The school will independently establish internal institutions within the limit and report to the organization and staffing department for filing, set up positions independently, determine employment plans independently, and determine recruitment standards, content and procedures independently, and open recruitment of job information on the official website of the corresponding personnel examination, independently recruit various types of talents, and implement post-event filing.

Xiao Whale Weekly Diary:

There were 9 financing events this week, 6 domestically and 3 overseas. The youth basketball training brand five-star sports and golf training brand Taiping Song Golf announced the completion of the merger, and the new company was renamed Taiping Song Sports Group, and the group completed a US$8 million financing led by Taiping Song Capital; education startup Jolt has received US$14.1 million in Series A financing, led by Balderton Capital; Beijing Wanxue Education Technology Co., Ltd. announced that it had completed a US$100 million Series D financing in October 2019, with the leader being Andafu Fund; the educational drama training institution completed a million Angel round financing for Shang Watt, with the investor being Weiming Capital; the Israeli company Verbit announced that it had received US$31 million in Series B financing, led by Stripes; the enlightenment English education short video platform Gagabo announced that it had obtained 100 of Amoeba Capital at its beginning of its establishment A seed round of financing of US$10,000; Indian education technology startup Toddle announced that it had received a financing, and the lead investor was venture capital company Matrix Partners India; "Horbill Education" announced that it had completed a tens of millions of Pre-A round of financing, and the investor was a US listed company Zhengbao Distance Education; Yunxue, a company-based training platform-based solution service provider, completed a US$100 million Series D financing, and this round of financing was led by Dazhen Capital in

policy. This week, the Ministry of Education issued the "Opinions on Carrying out Pilot Work on Basic Discipline Enrollment Reform in Some Universities". The opinion points out that since 2020, pilot reform of basic subject enrollment (also known as the Strong Foundation Plan) will be carried out in some universities, and independent enrollment plans for colleges and universities will no longer be organized. The opinions point out that the Strong Foundation Program mainly selects and trains students who are determined to serve the country's major strategic needs and have excellent comprehensive qualities or are top-notch in basic disciplines. Focus on key areas such as high-end chips and software, intelligent technology, new materials, advanced manufacturing and national security, as well as the humanities and social sciences where national talents are scarce, and relevant universities will reasonably arrange the enrollment majors based on their own school characteristics.

In response to the recent issue of some institutions without school licenses carrying out training for primary and secondary school students under the name of "quantum fluctuation speed reading" and "whole-brain training", the Office of the Education Supervision Committee of the State Council recently issued the "Notice of the Office of the State Council on Investigation and Dealing with Several Off-campus Training Institutions" (hereinafter referred to as the "Notice"), further strengthening the warning role and promoting the standardized development of off-campus training institutions. The Notice clearly states that all localities must attach great importance to it, take effective measures to seriously investigate and punish violations, strive to improve long-term mechanisms, and effectively consolidate governance results.

"Opinions of the Ministry of Education and the People's Government of Shandong Province on Promoting Quality Improvement and Excellence in the Whole Province to Build a Highland for Innovative Development of Vocational Education" (hereinafter referred to as the "Opinions") were officially issued.The "Opinions" are based on the innovative development of vocational education, promoted throughout the province, and "take the lead and try" to explore the future development direction of vocational education. The "Opinions" point out that, oriented towards adapting to industry and employment needs, schools will be given more autonomy in terms of management system, professional setting, teacher treatment, professional title evaluation and appointment, school-enterprise cooperation, teacher recruitment, etc. The school will independently establish internal institutions within the limit and report to the organization and staffing department for filing, set up positions independently, determine employment plans independently, and determine recruitment standards, content and procedures independently, and open recruitment of job information on the official website of the corresponding personnel examination, independently recruit various types of talents, and implement post-event filing.