RISE CEO Yiding Sun Delivers Keynote Address at Global Education Technology Summit in
In the age of the Internet, online education is opening up a new channel for education. Still, RISE believes the power of such technology must be harnessed to supplement education in the classroom, Sun told the conference. For this reason, RISE started its technology empowerment process in 2017. To empower education, RISE aims to build intelligent teaching, exercise, evaluation, and home-school systems. The latest voice and image recognition technology and data mining will be embedded to customize study plans for each individual student. For the education empowerment, RISE preserves a philosophy of “Education + Internet”. The company believes online tools must be an add-on to on-site education. For example, younger learners (3-6 years old) require personal interaction in education, he said. This makes RISE different from online education firms, in that RISE sticks to its subject-based learning philosophy and character education, demonstrating a unique way to implement online tools.
To empower teaching quality, RISE had built an intelligent teaching training system to collect training, teaching, evaluation and review data to customize online and offline training for teachers to explore their talent and personality. To empower its corporate operations, RISE has built teaching and learning systems, operations, customer relationship management system, as well as finance and human resources system to ensure the efficiency and standardization of the company. RISE is still paving the way to further incorporate technology in corporate management, Sun said.
The rapid expansion and development of the education sector have aroused growing interest from the capital market, attracting more capital inflows to the education sector, especially to online education and K12 education. This, in turn, has helped education companies lower financing costs, he said.
RISE is among the companies that have benefited from capital inflows and favorable government policies toward the education sector, Sun said. RISE, which just celebrated the first anniversary of its NASDAQ listing in October this year, stands as a perfect example of how an education company can continue to develop its corporate management, branding and business innovation, and seek opportunities after an IPO. RISE reported total revenue increased 32.4% year-over-year to
The integration of technology in the education industry will continue to be accelerated by continuous capital inflow, and this will present education companies unprecedented opportunities, Sun said. RISE is now expanding beyond ELT education, by providing services in other fields of character education. The company is also actively seeking opportunities in science, technology, engineering, mathematics and art education and programming.
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Source: RISE Education Cayman Ltd
