Shenzhen, China, March 2, 2022 /PRNewswire/ — Meten Holding Group Ltd. (“Meten Holding Group” or the “Company”) (NASDAQ: METX), a leading provider of omnichannel English language training (“ELT”) services in Chinatoday announced plans to launch blockchain-related ELT courses (the “Courses”) at the start of March 2022.
The courses are designed by the company’s English teaching experts and blockchain experts, Mr. Jianing Yu and M. Jun Yang of Hainan HuoDa Education Technology Co., Ltd. (“HuoDa”), a cutting-edge industrial educational institution focused on the application of blockchain. The courses provide professional training in English for professionals in the blockchain industry.
Blockchain has become the vanguard of global technological development. Major developed countries are encouraging the development of blockchain technology with positive policy guidance and industry support to improve their own competitiveness in blockchain technology and industries. It is crucial for practitioners in the blockchain industry to be proficient in English, given that information related to the industry and market development is mostly provided in English.
According to projections by East Money Information Co., Ltd. dated June 2021a Chinese provider of financial and stock market information websites, China The blockchain market will continue to grow rapidly, with an estimated compound annual growth rate of 73% from 2021 to 2026, and an estimated market size to reach $16.37 billion in 2026. Over the next two decades, the market size of China The blockchain industry is expected to reach the trillion dollar level.
Sir. Alan PengCEO of Meten Holding Group, said, “We are excited to introduce blockchain-related ELT courses to the market, which we believe will help people in the blockchain industry learn English. With the rapid development and expansion of the blockchain industry in China and globally, we intend to help more people address language challenges in this industry. The courses are also part of the company’s business strategy in developing blockchain and metaverse-related training in China and abroad.”
About Hainan HuoDa Education Technology Co., Ltd.
Hainan Huoda Education Technology Co., Ltd. is an industry educational institution that focuses on the application of blockchain, with the motto of “connecting industries and empowering entities” and aiming to cultivate the “blockchain thinking” of top entrepreneurs. HuoDa focuses on teaching and research in the fields of new applications of blockchain technology and takes a leading position in the field of blockchain education.
About Meten Holding Group Ltd.
Meten Holding Group Ltd., formerly known as Meten EdtechX Education Group Ltd., is a leading omnichannel ELT service provider in China, providing English and skills training for Chinese students and professionals. In addition to strengthening its position in the ELT service industry by ChinaMeten is actively exploring blockchain and cryptocurrency mining outside China, with a long-term goal of creating value in the cryptocurrency industry. Meten plans to engage in blockchain and metaverse-related activities in North America and other countries and regions around the world (not including China), including mining cryptocurrency, building mining farms, and operating a mining pool and data center.
For more information, please visit: https://investor.metenedu-edtechx.com/.
Safe Harbor Statement
This announcement contains forward-looking statements that involve risks and uncertainties. These statements are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “will”, “expect”, “anticipate” , “future”, “intends”, “plans”, “believes”, “estimates” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including, but not limited to, the following: the company’s successful launch of its blockchain-related ELT courses; the Company’s future development and ability to succeed in its new line of business in the cryptocurrency and blockchain industry; the continued impact of the COVID-19 pandemic and the emergence of new variants; our ability to attract students without significantly lowering tuition fees; our ability to continue to hire, train and retain qualified teachers; our ability to maintain and improve our brands; our ability to effectively and efficiently manage the expansion of our network of schools and successfully execute our growth strategy; the outcome of any pending or future litigation or arbitration, including those relating to copyright and other intellectual property rights; competition in the English language training industry in China; changes in our revenues and certain cost or expense items as a percentage of our revenues; the expected growth of the Chinese English training and private education market; Chinese government policies relating to private educational services and providers of such services; health epidemics and other epidemics in China; and general economic conditions in China. The Company undertakes no obligation to update any forward-looking statement, except as required by applicable law. All information provided in this press release and in the attachments speaks as of the date of this press release, and the Company assumes no obligation to update such information except as required by applicable law.
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