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Meten Holding Group Ltd. to Launch Chinese as Foreign Language Education Program Globally in Early June 2022
SHENZHEN, China, May 20, 2022 /PRNewswire/ -- Meten Holding Group Ltd. ("Meten Holding Group" or the "Company") (NASDAQ: METX), an omnichannel training
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[{"type":"text","content":"SHENZHEN, China, May 20, 2022 /PRNewswire/ -- Meten Holding Group Ltd. (\"Meten Holding Group\" or the \"Company\") (NASDAQ: METX), an omnichannel training company headquartered in China providing language and workplace training services and actively developing metaverse, blockchain and cryptocurrency mining businesses, today announced that the Company plans to launch Chinese as foreign language education program (the \"Program\") globally in early June 2022. \nTeaching Chinese as a foreign language is a subject involving comprehensive and interdisciplinary research, including basic theoretical research and applied language teaching. The Program aims to better promote the learning and development of Chinese language education as a foreign language and make distinctive contributions to promoting the Chinese language in countries along the Belt and Road Initiative including Malaysia, Indonesia, Thailand, the Philippines, Vietnam in Southeast Asia, UAE, Qatar, Kuwait, Saudi Arabia in West Asia, and Serbia, Poland, Czech Republic, Croatia in Central and Eastern Europe, etc.\nThe Company intends to use an online platform with an asset-light business model to build a global online learning platform with the goal to achieve the localization and growth of educational services. Combining the experience in professional teaching with AI technology, the Company aims to provide personalized services to meet the unique learning needs of students. To achieve the educational service scale growth, the Company plans to integrate and leverage the resources of foreign teachers and collaboration channels that have been deeply cultivated for the English training market for many years and adopt a low-cost and high-penetration model to promote Chinese training programs.\nThe market for Chinese as foreign language education programs enters into a new stage of rapid growth as the demand remains strong. Despite the impact of the COVID-19 pandemic, the popularity of Chinese language education remains strong around the world. According to the official data from the Ministry of Education of the PRC, the global demand for Chinese language education has grown during the COVID-19 pandemic. For example, the number of students at the Confucius Institute at the University of Madrid in Spain has increased by 20%. According to the Center for Language Education and C...