Online education: a big winner in the corona crisis - Rupert Hoogewerf

Online education is one of the big winners in the ongoing coronavirus crisis, next to health care, says Hurun rich list maker Rupert Hoogewerf in the South China Morning Post. "Valuations of traditional education institutions had recorded a severe drop, compared to the quick rise of education technology-focused companies," he says.

The South China Morning Post:

Hurun Report, which on Thursday released its first ever global list of billionaires who made their fortunes in the education business, said the education sector was going through a tectonic shift, as online tutoring and education became more common.

Rupert Hoogewerf, Hurun Report’s founder, said mainstream education institutes were being forced to offer online courses, and that valuations of traditional education institutions had recorded a severe drop, compared to the quick rise of education technology-focused companies.

In China, by one estimation, online education might actually be a lifeline for traditional institutions in these challenging times.

More at the South China Morning Post.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more experts on the fallout of the corona crisis? Do check out this list. 

Why online education booms in China - Andy Mok

Andy Mok

Online education is doing extremely well in China. E-commerce expert Andy Mok gives three main reasons why online education is a winner. "The Chinese people have valued education for thousands of years," he says at WomenofChina.

WomenofChina:

Analysts believe China could become one of the world's most vibrant online education markets, given its growing spending power and under-supply of educational resources, as well as the introduction of the two-child policy. 

"Well, there is clearly a tremendous demand for online education. I think there are three reasons for that. First one is cultural. The Chinese people have valued education for thousands of years. The second reason is technological. Especially now, more and more Chinese have access to the interview through their mobile phones, faster bandwidth and more powerful processors. And finally, it's political. In the recent concluded 19th Party Congress, Xi Jinping emphasized one of the challenges facing China today is unequal and unbalanced development, so online education is potentially a very powerful tool for addressing this unequal and unbalanced development," said Andy Mok, the managing director of Red Pagoda Resources.

More in WomenofChina.

Andy Mok is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form. 

Are you looking for more e-commerce experts at the China Speakers Bureau? Do check out this list.