Meten EdtechX Education Group Ltd (METX) Stock Rebounds Strongly: Here is Why

Leading omnichannel English language training service provider in China, Meten EdtechX Education Group Ltd (NASDAQ:METX) on August 31, 2021, announced that the firm is aiming to explore the corporate training market and expand its market presence.

In the first half of 2021, Meten’s gross billing of corporate training business surged by 107% vis-à-vis the same period last year. The number of employees reached 4,000, a surge of 53% while the number of enterprise customers augmented by 60%. On the other hand, the renewal rate was 90% while the student and customer satisfaction rate was more than 95%.

Meten’s corporate training program gives English training solutions to some of the leading Chinese top 500 companies, Sino-foreign joint ventures as well as state agencies. Some of the key industries include healthcare, finance, aviation, and logistics and it has made huge strides in the acquisition of corporate clients, such as China Petroleum & Chemical Corporation, Great Wall Motors, PetroChina Company Limited, State Intellectual Property Office, Light Beam Motors, Shenzhen Stock Exchange and Industrial and Commercial Bank of China.

Globalization is enabling companies to cultivate an interdisciplinary approach with English and professional skills for improving employees’ skills in listening, writing, speaking, and ameliorating cross-cultural communication skills.

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