On the heels of last month’s
announcement of a partnership with a collection of secondary schools in Hong
Kong, Sibling Group Holdings, Inc. (OTCQB: SIBE) has continued to push its
international growth potential through the formation of another strategic
partnership with an education company based in China. Shenzhen City Qianhai
Xinshi Education Management Co., Ltd., or Shenzhen Times, is an international
education management and consulting company focusing on computer software and
electronics products to enhance educational programs.
Through the partnership,
Sibling Group received $3.75 million in funding intended to accelerate the
company’s growth and expansion into critical markets around the world,
including the largest education technology market in the world, China. The
company’s aggressive growth strategy could pay dividends, as new footholds in
strategic markets allow the company to make optimum use of recent acquisitions
including Blended Schools Network and Urban Planet Mobile™.
“We believe this strategic
partnership with Shenzhen Times is the optimal way to achieve our goals of
broader and deeper expansion into new markets,” stated Brian Oliver-Smith,
Chief Executive Officer of Sibling Group. “This is great news for Sibling Group
and all our stakeholders.”
In addition to a presence in
approximately 160 U.S. School districts, the numbers indicate that the
company’s aggressive international expansion efforts could have major benefits
in the short term. With approximately 200 million students enrolled in primary
and secondary schools across China, according to UNESCO, the market provides
Sibling Group with plenty of growth opportunities, and recent actions suggest
that the Chinese educational system could be incredibly receptive to the
company’s offerings.
While students in Shanghai
rank number one in the world in a variety of subjects, the country’s more rural
schools have a much more difficult time achieving positive results. According
to a report by CNN, less than 5 percent of China’s rural poor make it to
university, and high school enrollment is just 40 percent in the country’s less
populated areas. This large divide has led big investors, including Shenzhen
Times, to turn their attention to online educational systems, such as those
offered by Sibling Group, to help even the gap.
As the worldwide market
continues to accept and adopt online learning methods in larger numbers, expect
Sibling Group’s expansion efforts to pay dividends. With the worldwide
education market looking for improved tools to reach young minds, the company
is strategically positioned at the forefront of the blended and eLearning
markets.
To learn more about Sibling
Group Holdings, visit www.siblinggroup.com
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