Consumer Discretionary Aug 17, 2020 06:03 PM (GMT+8) · EqualOcean
EdtechX Global, the organizer of the global education technology industry summit, released the latest industry report. The report pointed out that the COVID-19 pandemic has positively promoted the investment in education technology in various segments. EdTech stocks have been growing at a higher rate than their non-EdTech counterparts and outperformed the Technology index during the Covid-19 lockdowns. Chinese EdTech businesses offering distance learning solutions, such as large-format online classes, have shown significant increases in enrolment during lockdowns, driving stock performance. Chinese EdTech companies are outperforming the market by large as China emerges as a leader in EdTech as many companies have taken advantage of the opportunities to digitize education in the world’s largest education market, with 400million learners.

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