Tim Wang's eLearning Blog

01/25/05

McGraw-Hill Enters China's Online Education Market

Filed under: Chinese e-Learning Industry, Doing Business in China — timwang @ 11:13:40 pm

US based education group McGraw-Hill announced that it will invest in Chinese online education service provider PRCedu last week. The company and an unnamed US fund will invest 150 million Yuan (25 million CAD$) in total in PRCedu. PRCedu was founded in 1998 and its current investors include Citibank and IDG. Most of the 68 online universities licensed by the Ministry of Education are PRCedu partners. (pacificepoch)

I think it's the time for all the big identities (Publishers, Media Companies, Entertainment Corporations) to finally realize online learning is the future and it will change the way people seeking for information and solution in daily life. So, instead of waiting till e-Learning get taken over by new, independent companies, these giants will simply invest and "buy" the future today. I believe we shall see more publishers invest into e-Learning industry in 2005.


Journey Education

Comments:

Comment from: Tom Haminton [Visitor]
I agree with your thoughts on Publishers being "pressured" to make a move into the e-Learning market. Internet has become to be "the" solution provider for problem sovlings now days. Publishers really do need to work around and seek for new ways to accommodate the changes.
PermalinkPermalink 01/26/05 @ 13:39

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