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Venture Capital Hits Private Education in China

Filed in archive Venture Capital by Greg Cruey on September 12, 2007

With improved quality of life, economic growth, the demand for professional skills, and a growing amount of money in the pockets of the average Chinese citizen, it was probably only a matter of time before venture capital came to the education industry. That has finally happened in China this month.

Venture Capital Hits Private Education in China


The Carlyle Group put US$20 million of venture capital funds into NeWorld Education Group. The Shanghai-based education firm specializes in language instruction - particularly Japanese. The Carlyle Group's investment flowed through its Carlyle Asia Growth Partners III (CAGP) subsidiary.

NeWorld has over 60 training centers in China and a 30% share of China's Japanese language market. Japanese is the second most popular Foreign languagelinks for Chinese students, after English.


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