The company is looking to list on the New York Stock Exchange at the end of this month.
Privately owned CDEL is the largest provider of online education and test preparation courses in China. It focuses primarily on professionals and the skills, licenses and certificates that they need to pursue a career in China.
The Beijing-based company also offers online preparation courses for higher education diplomas and degrees, and for academic and entrance exams at the secondary school and college level; and foreign language courses.
The business is feeding off a government push to regulate professional licenses in various industries in order to lift the overall skill levels.
According to CDEL’s listing document, the company believes there is a need for Chinese companies to steadily improve the skill and effectiveness of their workforce to compete with foreign rivals. Much more on this HERE.
Source: Finance Asia