Business
Meten EdtechX Reports a 316.9% Increase in Gross Billing and a 240.9% Increase in Students Enrollment of its Junior ELT Business in the First Half of 2021
SHENZHEN, China, July 21, 2021 /PRNewswire/ -- Meten EdtechX Education Group Ltd. (Nasdaq: METX) ("Meten EdtechX" or the "Company"), one of the leading
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[{"type":"text","content":"SHENZHEN, China, July 21, 2021 /PRNewswire/ -- Meten EdtechX Education Group Ltd. (Nasdaq: METX) (\"Meten EdtechX\" or the \"Company\"), one of the leading omnichannel English language training (\"ELT\") service providers in China, today announced that the gross billing and student enrollment of its junior ELT business in the first half of 2021 increased by 316.9% and 240.9% respectively compared to the same period of last year, and increased by 97.9% and 64.4% respectively compared to June 2020.\nThe gross billing of the Company's junior ELT business in June 2021 increased by 97.5% year over year and increased by 21.3% compared with the same period in 2019. These figures confirm that the Company has returned to its pre-pandemic growth trajectory.\nThe Company is actively expanding its junior ELT business within its current network of 22 cities and has received positive market feedback. The gross billing from student renewals and referrals accounted for 54.5% of the total gross billing of the Company's junior ELT business in June 2021, demonstrating that the Company's services have been widely appreciated and recognized by students and their parents. Due to recent policy changes, the Company will continue to develop the business of junior quality-oriented education.\nAbout Meten EdtechX\nMeten EdtechX is one of the leading ELT service providers in China, delivering English language and skills training for Chinese students and professionals. Through a sophisticated digital platform and a nationwide network of learning centers, the Company provides its services under three industry-leading brands: Meten (adult and junior ELT services), ABC (primarily junior ELT services) and Likeshuo (online ELT). The Company offers superior teaching quality and student satisfaction, served by cutting edge technology deployed across its business, including AI-driven centralized teaching and management systems that record and analyze learning processes in real time.\nThe Company is committed to improving the overall English language competence of the Chinese population to keep abreast of the rapid development of globalization. Its experienced management is focused on further developing its digital platform and expanding its network of learning centers to deliver a continually evolving service offerings to a growing number of students across China.\...