SPY380.36-1.97 -0.52%
DIA309.45-4.53 -1.44%
IXIC13,192.35+72.96 0.56%

Meten Edtechx Education Invests $3.1 Million in Livestreamed English-Language Training - Shares Surge

· 02/05/2021 04:38

09:27 AM EST, 02/05/2021 (MT Newswires) -- Meten Edtechx Education (METX), a provider of English language training services in China, said Friday it has invested RMB20 million ($3.1 million) for the development of livestreamed courses called "dual-teacher classroom" learning in response to the pandemic.

The investment covered electronic teaching aids, trainings for foreign English teachers, and installation of hardware equipment in the classrooms, Meten said. Amid the pandemic, it set up live stream courses for 16 learning centers in Beijing.

Meten saw a 200% increase in the gross billing of its junior English language training services in January, it said.

Shares surged 46.7% in recent premarket trading Friday.

Price: 4.0200, Change: +1.28, Percent Change: +46.72