EduStars Chinese Educational Delegation Participated in 2016 ASU-GSV Summit in America

BEIJING, April 28, 2016 /PRNewswire/ -- The three-day 2016 ASU-GSV Summit came to a successful end in San Diego, California on April 20. EduStars Chinese Educational Delegation, with an in-depth participation in the Summit, made its debut on behalf of the education industry in China. Initiated by TAL Education, EduStars Delegation was comprised of CEOs and executives of 26 well-known Chinese educational science and technology enterprises.

ASU-GSV Summit is a premier global conference on educational science and technology. During the Summit, EduStars Delegation successfully held symposiums on the difference between and the opportunities of the Chinese and American education markets, a wine party, and a matchmaking event for participating enterprises. Presentations and speeches were also given at the GSV Summit.

Cheng Junxia, CEO of Qiaowen Edu, participated in the matchmaking event where she had one-on-one meetings with a number of American companies including TeachMe, Tiggly and Speakaboos. She was deeply impressed by the emphasis her American counterparts put on philosophy. When introducing a product to her, they would first explain their educational philosophies, while the products are designed on the basis of actual needs. "Hopefully, through international communication, we can bring better products to the children in China," she said.

Zhang Hua, CEO of YouthMBA College, focused more on the content of educational products. He was impressed by the importance American companies place on student assessments. Assessments and evaluations were the most talked-about topics in his own company. Zhang Hua said, "We issue challenges to students after live lessons each week, and students can upload their work which is done offline. In this sense, a sound assessment system is critical. Things are far from perfect. We will work to make improvements."

Chinese entrepreneurs greatly benefited from participating in the ASU-GSV Summit. It has been an inspiring and thought-provoking experience in terms of company operation, management, educational philosophy, products, and the future trends in the education industry. What's more important, they become more confident in the education industry of China. Chen Xiangyu, CEO of Each Baby, commented after the Summit, "At ASU-GSV Summit we heard voices from the world, but the world has also come to realize that China is already a force to be reckoned with and the Chinese education market, online education market in particular, is of unlimited potential in the future."

Zhang Kailei, founder of Wenba, said "I'm really glad to know that the best place for education entrepreneurship on this planet is in China rather than America. I want to root for Wenba and cheer ourselves on."

ASU-GSV Summit, while bringing inspiration to all participants in the three day event, has reminded those working in the Chinese education industry of the responsibilities on their shoulders. Zhang Yang, CEO of Shunshun, wrote in his WeChat moments, "From 8:00 in the morning when Jim Collins delivered his speech until now, I have been at meetings with talented people from all sectors. The key words are brain-racking, sleepy, but eager for more! We are still too weak and our understanding of the world too limited. I am humbled and I want to learn and practice with more humility...together with two generations of brilliant young people in this industry, I hope we can make it, bringing benefits to customers, consultants, companies, and the industry, and make some small changes that count."

After listening to the analysis made by EduStars on the Chinese education market, Noelle Millholt, CEO of Speakaboos, a start-up company focusing on English education for children, started to think about steps to prepare for entering into the Chinese market such as employing local staff in China, looking for Chinese partners, and translating products into Chinese, and so on. He said that, "The Chinese market will be the strategic focus of our company in the future."

Josh Daniels from Knewton participated in the seminar themed "American Enterprises Entering into Chinese Market" held by EduStars. After the event, he exclaimed that, "It's the first time to see a delegation from China at the ASU-GSV Summit, through which, I learned how enterprises at different stages of development view the Chinese market, and how to deal with all sorts of challenges after entering into the Chinese market. We have greatly benefited from what the Chinese enterprises have said about the Chinese market."

This journey to America is the first time for Chinese educational science and technology enterprises, as a whole, to communicate and brainstorm with American enterprises on issues such as Chinese and American education markets and the educational trends of the future.

As a platform connecting educational enterprises and for the improvement of the industry, EduStars has realized the following three major objectives: first, the summit has enabled Chinese educational science and technology enterprises to exchange with world leading companies and opened their horizons to advanced educational concepts and products of the international educational industry; second, Chinese educational science and technology enterprises have displayed to the world their current achievements on educational science and technology, laying the foundation for opportunities to enter into foreign markets and develop international cooperation; third, the Chinese enterprises have talked about the nature of education with their American counterparts and explored the possibility of reshaping education through technological innovation.

Hu Guozhi, joint founder of Changingedu, said with heartfelt sincerity after the Summit, "Future is in my mind, shall we walk hand-in-hand towards it, leaving the past behind?"

EduStars Delegation comprises listed companies including TAL Education, ATA, LANXUM Internet Education, iFLy TEK and Talkweb, and emerging enterprises such as Changingedu, Shunshun, Xuebajun, EEOA, Liulishuo, VIPKID, SchoolPal, Each Baby, Kaomanfen, Flight Education, Babytree, and FIRST LEAP, as well as media outlets such as Phoenix Media and Mustard.

The ASU-GSV Summit is the biggest and most-attended conference on educational science and technology in the world. Since 2010, the Summit has attracted up to 10,000 participants including business leaders, education professionals, philanthropists, and policy makers. Former attendees include Bill Gates, Condoleezza Rice (former Secretary of State), Salman Khan (founder of Khan Academy), and Jim Collins (author of Built to Last).

Overview of EduStars:

As a leading membership-based learning network founded by TAL Education Group ("TAL"), EduStars is committed to providing entrepreneurs who hope to "drive education progress with technology and Internet" with a platform for incubation, training, cooperation, and helping the vast number of entrepreneurs realize their business dreams with its global vision and resources.

EduStars has held three sessions so far, attracting a total of 1,800 education programs, and gathering 108 brilliant CEOs from start-ups. EduStars enjoys a great reputation among both members and industrial peers for its rich and practical courses and a colorful array of activities.

EduStars has always emphasized cross-sector elements when inviting tutors and designing courses. Elites from various industries have been invited to share their vision and insight in EduStars Entrepreneur Camp, including Yu Minhong, Chairman of XDF, XuXin, President of Capital Today, Li Feng, Founder of Frees Fund, Liu Chengmin, Senior Executive Vice President of Tencent, Fang Sanwen, CEO of Snowball, Wang Huainan, CEO of Babytree, Yu Kai, President of Baidu Institute of Deep Learning, and LuoZhenyu, Founder of Luogic Show. A series of services concerning incubation, training, and investment are also provided for free.

Themes and courses of each camp are highly relevant to the latest industrial trends, which are set on remodeling learning, enhancing reputation, winning in the future, and gaining momentum. The courses cover diversified topics. For example, there are in-depth reports focusing on industrial perspective such as the widely circulated Report of Online Education Industry of China, Initial Exploration of Educational Markets in US, Japan, and South Korea which focuses on foreign markets and typical case studies of overseas markets, as well as deep interpretation from the angles of capital markets, financing strategies, business models, reputation building, and vertical communities.

EduStars has attracted members with very diversified backgrounds including industry veterans like Juren Education and Huatu.com, newcomers like Yuantiku.com and Shunshun, as well as key players from the Internet industry like Guokr and Taobao Education.

At present, EduStars is recruiting members for its 4^th session who are from more diversified backgrounds. They include Vanke Education, the crossover real estate player, Zuoyebang, backed by BAT "Internet corps," Knewton, which is an overseas adaptive learning platform, kuailexue.com, which is now entering public schools, and Nami Box. There have been 31 confirmed members on the list.

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