BEIJING, July 7 (Xinhua) -- China's online education market is likely to hit 150 billion yuan driven by increasing demands and favorable policies, reported China Securities Journal Tuesday quoting insiders.
With the coming of the summer vacation, an increasing number of parents have consulted with educational institutions for summer and autumn classes, and the number of parents choosing online education has increased from last year.
The mass flow obtained during the COVID-19 pandemic will also accelerate the growth of the online education industry.
Yuanfudao and Zuoyebang, two Chinese online tutoring platforms, have seen their summer vacation online courses popular. "Some online courses have been sold out in advance," said a staff from Yuanfudao.
According to Minsheng Securities, a Chinese securities firm based in Shanghai, the development opportunities are expected to go to leading educational institutions and those capable of online and offline education integration.
As the prices of courses provided by various online tutoring platforms are not much different, the brand will become their greatest competitiveness.
The good reputation can be converted into purchasing power, noted an insider.
With the speedy popularity of online education, the market is expected to reach 150 billion yuan, believed China Securities based in Beijing.
According to the firm, currently, more than 60 percent of the market share is possessed by five leading educational institutions. (Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)
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