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Meten EdtechX Education Group Ltd. (Nasdaq: METX) has announced its commitment to integrate blockchain technology into the education sector. The company aims to utilize this distributed ledger to enhance transparency and security in academic records, offering students credible, tamper-proof digital certificates. By leveraging blockchain alongside AI and 5G, Meten intends to accelerate digital transformation in online education. The company emphasizes its goal of improving English language proficiency in China and expanding its services through innovative technologies.

Meten EdtechX Education Group Ltd. (Nasdaq: METX) reported a remarkable 591% increase in gross billing for its Junior English Language Training (ELT) business in February compared to the previous year. The company also achieved a single-day sales record on February 27, 2021, signaling a return to pre-pandemic growth levels. Meten anticipates its Junior ELT business will generate RMB121 million in gross billing in 2021, a 40% increase from 2019, and plans to expand customized courses for young students in major cities.

Meten EdtechX (Nasdaq: METX) plans to fully reopen all its learning centers in March 2021 after temporary closures due to COVID-19. The company permanently closed 30 underperforming centers to maintain positive working capital, reducing its total centers from 148 in 2019 to 118 by the end of 2020. With March being peak English learning season, Meten aims to increase its market share in the Chinese ELT industry. The company emphasizes student and employee safety while leveraging digital platforms for enhanced educational services.

Meten EdtechX Education Group Ltd. (Nasdaq: METX) reported significant growth in its junior English language training (ELT) segment for January 2021, with gross billing and student enrollment increasing by 238% and 192%, respectively, compared to the previous year. The company's extensive network of over 100 learning centers provides a competitive advantage. Meten aims to strengthen its research and development and capitalize on market opportunities as smaller competitors struggle post-COVID-19.

Meten EdtechX Education Group Ltd. (Nasdaq: METX) has been awarded the Annual Influential Brand and Outstanding Live Broadcast Enterprise awards by Taobao Education on January 28, 2021. These honors recognize Meten EdtechX's brand trustworthiness and innovation in customer engagement through its Likeshuo platform. The company aims to capitalize on the growing live broadcast segment in the English language training market. Meten EdtechX is committed to enhancing English proficiency among Chinese students through high-quality educational materials and professional teaching staff from Europe and North America.

Meten EdtechX Education Group Ltd. (Nasdaq: METX) has invested RMB20 million in developing its innovative 'dual-teacher classroom' for junior English language training. This initiative has led to a remarkable 200% growth in gross billing year-over-year for its junior ELT services, expected to rise from RMB5.9 million in January 2020 to RMB12.5 million in January 2021. The company aims to enhance learning experiences while minimizing operational costs, demonstrating the ongoing demand for quality English education in China.

Meten EdtechX Education Group Ltd. (Nasdaq: METX) has launched a dual-teacher classroom model for its ABC junior English language training (ELT) service to enhance teaching quality and student experience. This initiative integrates online and offline learning, necessitating an investment of approximately RMB20 million over the past six months. The company expects a 25% reduction in foreign language teaching costs in 2021, improving operational efficiency. Meten aims to capitalize on the growing junior ELT market in China and strengthen its competitive position.

Meten EdtechX Education Group Ltd. (Nasdaq: METX) has launched SVIP courses tailored for the high-end adult English language training (ELT) market in China. As demand for international communication rises, these customized courses will be offered through various teaching methods, including remote and in-person sessions. The initiative aims to capitalize on the post-COVID-19 recovery and diversify services for high-net-worth clients. Meten expects these courses to drive significant growth in 2021, leveraging its established brand and digital teaching capabilities.

Meten EdtechX Education Group Ltd. (Nasdaq: METX) announced the establishment of a TikTok multi-channel network (MCN) to tap into the digital education sector. Launched on August 8, 2020, Likeshuo, Meten's online ELT platform, has collaborated with over 200 internet celebrities to create short educational videos, garnering over 300 million views to date. This strategy aims to enhance brand visibility and customer acquisition at a lower cost compared to traditional marketing methods, leveraging TikTok's substantial user base to drive growth.