NASDAQ | CLEU to
provide online educational resources in China as Covid19 keeps
schools closed:
June 29, 2020 --
InvestorsHub NewsWire -- via INS Digital Media -- China has
launched a national cloud learning platform and started
broadcasting primary school classes to ensure the country's 180
million students can still keep learning even though schools are
closed, according to state-run news agency Xinhua. A new school
semester, scheduled to start last week,, has been postponed
indefinitely as part of measures to combat the coronavirus. China
authorities have encouraged people to stay at home to help reduce
its spread.
Officials in
Beijing are also now barring residents who live in high-risk areas
from leaving the capital. Taxis and ride-sharing services have also
been banned from taking people outside the city. What this means
for Education heading into the upcoming sch ool year in China is
that students will most likely be required to continue their
education online and from home affecting China's 278 million
students across primary and postsecondary grades. Wuhan, the
epicenter of the epidemic, was locked down on January 23. Tutoring
centers and daycares closed. The central government suggested K-12
and higher-ed delay starting the new semester and postpone any
regional and national exams.
One very notable
strategy for China is the engagement of Education
companies who have the skills and wherewithal the
employment solutions where educating its students during covid-19.
One company poised for considerable growth is China Liberal
Education Holdings Limited (NASDAQ:CLEU). China Liberal is located in
Beijing and reported $5,000,000 in revenues in 2019, as an
educational service provider. There are 135 million paying users of
online education services in China, a number which is expected to
more than double to 296 million by the end of 2020. By then, the
market is expected to be worth as much as 433 billion yuan (62
billion U.S. dollars).
CLEU develops and
provides textbooks, online resources, and other course materials to
students enrolled under the Sino-foreign Jointly Managed Academic
Programs to ensure the quality of students learning outcomes which
according to the Chinese government is essential. Globally
educational providers are reinventing the way students learn and in
China the demand is massive. China has the largest education system
in the world, with almost 260 million students, over 15 million
teachers, in about 514,000 schools (National Bureau of Statistics
of China 2014). This is excluding graduate, education institutions.
China's education system is not only immense but diverse.
Education in China/Report.
Recently
market-makers have been naked shorting the stock which closed on
Friday at $4.58. Two weeks ago the stock to the high of $6.50
during a short cover and the expected short squeeze should have
occurred this week as investors await the annual report from the
company. With less than 1.5 million shares in the float as
confirmed by Bousted Securities, the companies underwriter me
anticipation significant price increases could be seen this week
from retail investors looking to cost average
down.
China is not
allowing students to go back to school in the traditional sense
anytime soon and NASDAQ CLEU has both the approval from the
government as well as years of experience. I see incredible
upside potential with this company so do your diligence or call
your financial advisor immediately and ask about China Liberal
Education Holdings NASDAQ CLEU.
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