News Column

Xinhuanet Targets Online Education in Financial Sector

July 28, 2014

BEIJING, July 28, SinoCast -- Xinhuanet intended to raise about CNY 1.5 billion for cloud platform building and big data analysis, including CNY 100 million on online education, according to the prospectus for its A-share listing.

The company this time worked together with New York Institute of Finance to build an online education platform in the financial industry.

Both parties will share brand and resources advantages. Xinhuanet President Tian Shubin said the company owns extensive industry experiences and comparative advantages, hopes to improve self-training and professional competence through the Internet and starts to try online education based on this market judgment and forecast.

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Source: Sinocast Internet, Media & Online Services Beat (China)

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