Why This China-Based Education Company Embraces Government Policy
Four Seasons Education is the latest Chinese education company to tap the U.S. market, making its debut on the New York Stock Exchange Wednesday.
While the stock finished the day below its $10 IPO price, chief financial officer and board member Joanne Zuo sees opportunities for growth ahead.
The executive points out that most of the big players in Chinese education each concentrate in different segments so aren't directly competing with one another. Four Seasons, for example, is focused on math. And as a result, Zuo says they're not crowding each other out of the market and predicts more will go public.
“There remains huge room for young companies like us,” she said.
Consulting firm Deloitte recently described the Chinese education market as entering a “golden age.” The company noted that, since 2015, there’s been a stream of social capital invested in the industry, whether through private fundings or mergers and acquisitions.
“Open policies, economic development, and international culture communication has gradually increased the foreign capital flow into China's education industry,” the firm said in a statement.
And the country's tight policies and strict government regulations may actually benefit the company in the long run, says Zuo.
“The government enhances the requirements for compliance, and that will help us to gain more market share from those small players, who don’t really provide good facilities for students,” she said.
If you asked anyone in 2007 what a “subprime mortgage” was, they wouldn’t have any idea. So here’s a question for you: Do you know what the private credit
Matternet founder and CEO Andreas Raptopoulos on the state of drone delivery in the U.S. and what it will take to make aerial delivery a mainstream reality.
Fintech pioneer Tom Sosnoff discusses the evolution of retail investing, the rise of AI, and his new platform Lossdog aimed at the next generation of trading.
The FAA prepares to select cities for its eVTOL pilot program, marking a major step toward electric air taxis and the future of urban air mobility in the U.S.
Rising oil prices tied to the Iran conflict are driving up gas and airfare costs, creating new challenges for travelers heading into the spring break season.