Online education is continuing to see huge growth in China, with the market predicted to hit 267 billion yuan ($38.6 billion) by the end of 2018, up 27.3 % year-on-year, said an industry report which was released on Monday.
A total of 7.4 billion yuan was invested in quality-oriented education in the first half of this year, accounting for 28.9 % of total investment in the online education industry, according to a report by market research consultancy Big-Data-Research.
Wey Education plc (LON:WEY) is the AIM listed holding company of an educational group providing services online worldwide.
Using state of the art digital technology, Wey operates two established divisions – InterHigh, a non-selective fee paying online secondary school, established in 2005 and a B2B division serving other educational providers, schools, local authorities and other public bodies under two brands, Wey ecademy and Academy21. Wey is also developing two additional schools – Quoralexis, an online language school teaching English as a Foreign Language, and Infinity Education, a premium fee paying online school offering a selective education.