BEIJING, June 30 (Xinhua) -- Optics Valley, a high-tech development zone in Wuhan city of central China's Hubei province, is expected to become the second highland for Internet education industry in China, only after Beijing, according to policies on promoting Internet education industry released last Sunday by authority of the high-tech development zone.
The Optics Valley will strive to cultivate more than ten online education unicorns or listed enterprises, over 50 leading online education companies with an annual income of more than 100 million yuan, and generate more than 100 billion yuan of revenue from online education industry by 2025.
To achieve the objectives, it will set up an online education industry development guidance fund totaling five billion yuan to support enterprises that provide online education or vocational training by using artificial intelligence, big data, cloud computing and other modern information technologies.
In order to promote the development of industrial clusters, the Optics Valley will arrange no less than 1000 mu (about 66.67 hectares) of land for the construction of an online education industrial park.
Unicorns and listed enterprises with independent financing entities in the Optics Valley can enjoy privileges concerning land use for building their headquarters in the high-tech development zone.
Administrative procedures will be streamlined to speed up the access of education organizations. Newly established online education enterprises can carry out online training activities after registration with the administrative service department of the Optics Valley and filing to education, human resources and social security departments.
The Optics valley will strengthen the construction of online education demonstration scenarios, support implementation of demonstrative application projects, and encourage online education enterprises to cooperate with provincial colleges and universities to jointly cultivate talents.
So far, the Optics Valley has gathered more than 110 online education enterprises, including nearly 30 leading ones in China.
Although most of the online education companies set up their headquarters in Beijing, Shanghai, Guangzhou and Shenzhen, Wuhan still has advantages as almost all of these companies have their second headquarters set up in the Optics Valley, according to an official with the Optics Valley. (Edited by Su Dan with Xinhua Silk Road, firstname.lastname@example.org)