China’s New Oriental Establishes $220M Industrial Education Fund


New Oriental Education & Technology Group has established a RMB1.5 billion (US$220 million) industrial fund to invest in Chinese educational companies, according to the company’s announcement at a press conference last Friday in Beijing. The fund also brings in capital from other institutions and enterprises including CITIC Trust, Industrial and Commercial Bank of China, Zhangjiagang Industrial Capital Center, Noah Group, 51job.com, Sunlands Education and Gaodun Finance. The fund will focus on the education industry, mainly investing in the early growth …

China’s New Oriental Establishes $220M Industrial Education Fund appeared first on China Money Network.

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