New Oriental and Tencent jointly the online education online education T chiefs overweight

New Oriental and Tencent jointly the online education online education T chiefs overweight

March 11, 2017 bksuroys 0

every reporter Zhao Na from Beijing

July 22nd, New Oriental disclosed in the 2014 fiscal year earnings report, has reached a strategic cooperation with Tencent, will jointly develop a mobile terminal based English learning products, the joint venture will use the New Oriental in content and educational resources, as well as the Tencent accumulated technology and Internet resources.

yesterday (July 31st), there is news that New Oriental July 30th announcement, the Tencent and the establishment of the Beijing micro school tomorrow network technology Co., Ltd., Yu Minhong chairman, vice president of New Oriental online Xin pan served the company CEO; Tencent Inc Tang Daosheng, senior vice president of Tencent Strategic Development Department general manager Lin Jinghua and New Oriental online CEO Sun Chang as a director. Sun Chang is the legal representative.

yesterday, the daily economic news reporter contacted the two companies on this point, the two sides were not to comment on cooperation matters.

this, some analysts pointed out that a veteran of the line of educational institutions and BAT (Baidu, Alibaba, Tencent), one of the Tencent to cooperate, or will have a certain impact on the fiery online education market. Analysys think tank analyst Yang Guo believes that the involvement of BAT, coupled with VC/PE boost, will make online education industry into the era of intense competition". New Oriental cooperation with Tencent to a certain extent, optimize the user experience of online education, but the market has not yet entered the mature period, the ability to achieve efficient resource complementarity need time to test.

joint force online education

yesterday, pan Xin in the daily economic news reporter’s reply to the message, said there is no more information can be disclosed". Tencent responsible person also said, "don’t make any comment on the outside rumors".

Although the two companies of

joint venture a "keep silence", enterprise registration information inquiries from reporters, Beijing Municipal Administration for Industry and commerce website found that Tencent and new joint venture company established in July 3rd this year, the company name is Beijing micro school tomorrow network technology Co., Ltd., registered capital of 30 million yuan, the enterprise corporate Beijing New Oriental fast network technology Co. Ltd and Shenzhen Tong industrial investment fund limited.

Beijing City Administration of Industrial and Commercial Bureau website relevant information also shows that Yu Minhong served as chairman of the joint venture Tencent Inc, Tang Daosheng, senior vice president of Tencent strategic development department general manager Lin Jinghua and New Oriental online CEO Sun Chang as a director. Sun Chang is the legal representative of the company at the same time.

it is worth noting that the New Oriental above earnings report, fiscal year 23, New Oriental has cut the number of schools and learning centers in the 2014.

The number of educational institutions in the New Oriental

line to reduce the background, and how the Tencent actually intends to New Oriental cooperation? In a conference call after the earnings announcement, analysts said questions, New Oriental, the two sides will form a long-term relationship, "it will push mobile applications, initially will not be full.

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