- Despite having the largest Internet user base and number of smartphone users on Earth, as well as a population will to spend big on education, China has been slow to attract investment in online education, The Wall Street Journal reports.
- Chinese education's focus on testing has thus far kept demand for online education in check, while many teachers lack needed technology to provide interactive course offerings.
- As young students become less focused on tests and more savvy with tech, however, there could be an opening for online learning providers to capitalize.
From the article:
... Private capital investment in online education has been slow as well. Before 2010, few online-education companies received investments in China. Since 2011, with the explosion of the U.S. online-education market, about 10 Chinese online-education companies have received angel investments. But the amount is insignificant compared with the investment in their U.S. peers, which easily exceeded $1 billion in the same period, according to Deloitte. ...