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Social concerns Notice on the Verification and Disposal of Individual Schools' Violation of Sunshine Enrolment
After verification, two schools in Chaoyang District, namely Beijing Mingcheng Foreign Language School (private school) and Chen Jinglun Middle School, were exposed by the media as violating the requirements of Sungrow enrollment. The verification of the involved off campus training institutions is in progress and will be disposed of later. In view of the school's violations, the special class interviewed the head of Mingcheng Foreign Language School and Chen Jinglun Middle School Group at the first time, ordered the school to rectify immediately, sealed student resumes, test papers and other relevant materials, and resolutely put an end to illegal enrollment behaviors such as "pinching enrollment". In the future, we will further check the clues of the problem, and hold responsible persons who have repeatedly failed to ban and knowingly committed crimes accountable. (Source: Capital Education)
Enterprise Dynamics
1. The big language model of the Flying Elephant Planet was officially recorded through the big model
On May 15, "Netcom Beijing" announced the new progress of artificial intelligence filing, and the big language model of "Cloud Viewing" of the Flying Elephant Planet officially passed the big model filing. After more than a year of polishing, Yunda model has formed a model matrix of multiple parameter scales and forms, and has more than ten core educational capabilities such as learning situation analysis, composition guidance, reading dialogue, etc. Currently, it is applied in schools in 183 regions across the country, helping to carry out high-quality scenes such as "homework design", "after-school service", and "classroom evaluation". (Source: Flying Elephant Planet)
2. Ten year big data, New Oriental's Development Report on Chinese Students Studying Abroad was officially released
According to the research results of New Oriental in the past ten years, the families whose parents of prospective students are "ordinary employees" have become the main group of students studying abroad since 2018, accounting for up to 45% in 2022. New Oriental found in its research that the idea of studying abroad to serve the country is becoming more and more common among overseas students. Whether undergraduate or graduate students, most of them still regard China as their final destination. In this year's survey, it can be seen that master and doctoral students are more willing to return home, and returning home immediately after graduation has become their mainstream choice, surpassing other development modes. (Source: New Oriental Qiantu went abroad)
3. Netclass Technology plans to issue 1.8 million shares at a price of 4-6 dollars
On May 16, Netclass Technology revised the terms of the upcoming IPO and planned to issue 1.8 million shares at a price of 4 to 6 dollars to raise 9 million dollars. Netclass originally planned to issue the same number of shares at a price of $5 to $6. Netclass Technology plans to be listed on NASDAQ with the stock code of NTCL.
Founded in 2003 and headquartered in Shanghai, Webclass Technology provides smart education IT solutions for schools, training institutions, enterprises, government agencies and corporate customers. Revenue for the 12 months ended September 30, 2023 was $11 million. (Source: Renaissance Capital)
Global perspective
Futura, an Italian educational technology company, announced the completion of 14 million euro round A financing
Recently, Futura, an Italian educational technology company, announced that it had completed a round A financing of 14 million euros. This round was led by Eurazeo, with existing investors United Ventures and new investors Axon Partners Group following. Futura, founded in 2020, has developed algorithms that can be used to personalize and optimize students' learning trajectory. Futura claims that students who use Futura have 3.5 times more chance of passing the exam than traditional learning methods. Futura has developed an AI virtual tutor named Alice. Alice uses the big language model to generate problem explanations and learning materials suitable for each student's level, knowledge and learning style. (Source: Tech. eu)
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