Global Education & Technology Group Limited (GEDU)

The Hindu Business Line  Sep 22  Comment 
Manipal Global Education Services has launched ProLearn, a marketplace that provides certifications and skilling for individuals and corporates.Aimed at bridging the skill gap in the cou...
Forbes  Jun 27  Comment 
People often ask me for specific examples of how technology is impacting global education. I suspect they are looking for super glossy examples of futuristic classrooms. They hope I’ll describe some design innovation or a revolutionary adaptive...
The Hindu Business Line  Apr 30  Comment 
MeritTrac, a group company of Manipal Global Education Services, which is into skill assessments, is expanding its range of psychometric assessments with four assessments capable of analysing thin...
The Hindu Business Line  Apr 9  Comment 
Making significant progress, India has reduced its “out of school” children by over 90 per cent and has achieved “universal primary education”, said a UNESCO global education report released today...
Forbes  Mar 27  Comment 
By Vivek Bapat, Senior Vice President, Marketing Strategy Portfolio, SAP
Reuters  Mar 18  Comment 
A South Sudanese warlord who abducted about 89 boys from their school has offered to let them return to finish exams as long as they are then given back to him to fight, United Nations global education envoy Gordon Brown said on Wednesday.
Forbes  Mar 17  Comment 
Nancie Atwell is a lifelong middle school teacher whose best known for her many books about teaching reading and writing. She also founded Maine’s Center for Teaching and Learning, a demonstration school where she shares her exceptional...
WA Business News  Feb 3  Comment 
Shares in Perth-based global education provider Navitas closed almost 10 per cent lower today, following news of a 13.2 per cent fall in half-year profits to $31.3 million, despite a gain in revenue.
WA Business News  Feb 3  Comment 
The Hindu Business Line  Dec 22  Comment 
Havells India has inducted three additional directors in its board — TV Mohandas Pai, Chairman of Manipal Global Education Services, Puneet Bhatia, MD & Country Head-India, TPG...
JCN Network  Dec 18  Comment 
Sony Corporation and Sony Computer Science Laboratories, Inc. have announced plans to establish a new company, Sony Global Education, Inc.


Global Education & Technology Group Limited (NASDAQ:GEDU) is a Chinese company which provides education courses and services, particularly for foreign language and test preparation.[1] As of 2009, Global Education was the largest providers of preparation services for English-proficiency test in China by revenue and student enrollment. The company also directly operates 66 learning centers and operates 226 through franchises.[2]

Global Education plans to capitalize on the growing demand for English education. The growing middle class in China has increasingly pushed their children to learn English. The number of Chinese students admitted to US colleges and universities also has risen by 250% from 1,000 in 2006 to 2,500 in 2009. Global Education expects that the continued economic growth in China will continue to push up these numbers.[3]

The company's initial public offering of stock on the NASDAQ and occurred on October 7, 2010. Its initial price range was $8.50-$10.50, and the stock priced at the top at $10.50. The company sold 6.375M ADS shares and raised $67M. The lead underwriter were Credit Suisse Group (CS) and Bank of America (BAC).[4]

The company's revenue figures have consistently risen since 2007 - 83M RMB in 2007, 148M RMB in 2008, and 229M RMB in 2009. These increases have been roughly followed by growth in the net income figures. In 2007 the company reported 23M RMB, in 2008, 41M RMB, and in 2009, 56M RMB.[5]


  1. GEDU F-1/A 2010 Prospectus Summary "Our Company" pg 1
  2. GEDU F-1/A 2010 Prospectus Summary "Market Opportunity" pg 3
  3. Renaissance Capital - IPO Home "Global Education price IPO at $10.50, high end of the range; Chinese IPOs continue to take center stage"
  4. GEDU F-1/A 2010 Prospectus Summary "Summary COnsolidated Statements of Operations Data" pg 10
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