Online education is one of the big winners in the ongoing coronavirus crisis, next to health care, says Hurun rich list maker Rupert Hoogewerf in the South China Morning Post. “Valuations of traditional education institutions had recorded a severe drop, compared to the quick rise of education technology-focused companies,” he says.
The South China Morning Post:
Hurun Report, which on Thursday released its first ever global list of billionaires who made their fortunes in the education business, said the education sector was going through a tectonic shift, as online tutoring and education became more common.
Rupert Hoogewerf, Hurun Report’s founder, said mainstream education institutes were being forced to offer online courses, and that valuations of traditional education institutions had recorded a severe drop, compared to the quick rise of education technology-focused companies.
In China, by one estimation, online education might actually be a lifeline for traditional institutions in these challenging times.
Are you looking for more experts on the fallout of the corona crisis? Do check out this list.