China's out-of-school edtech market is set to expand from CNY29bn ($4.3bn) in 2017 to CNY714bn in 2025, driven by wider interest in online courses, according to a report from UBS. In China, education is always high on families' agendas. The report, which was released on Tuesday, said that the number of students enrolled in Chinese universities has increased more than fourfold since 2012, with an estimated 1.1million new enrolments this year. UBS analyst Edwin Chen said online courses would increase from a 13% share of the market last year to around half.
China's out-of-school edtech market is set to expand from CNY29bn ($4.3bn) in 2017 to CNY714bn in 2025, driven by wider interest in online courses, according to a report from UBS. The report, which was released on Tuesday, said that the number of students enrolled in Chinese universities has increased more than fourfold since 2012, with an estimated 1.1million new enrolments this year. UBS analyst Edwin Chen said online courses would increase from a 13% share of the market last year to around half.