EdTechX Holdings announces a merger with Meten International Education Group. EdTechX is a holdings company that focuses on the education, education technology and training sectors. It has announced to acquire Meten International Education Group, a company headquartered in China, teaches english to its Chinese based consumers.
Online, Meten currently has over 1.1 million registered users, 16k online teachers, and 45k students enrolled.
Offline, Meten has the widest geographical reach in the general english language training (ELT) market in China. The company has 149 learning locations with reaches to 36 cities. Currently there is 73k enrolled students.
According to research published by Citibank, the ELT market in China is expected to grow to $43 billion in 2022,…