FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “Color Star Technology Announces the Entering into Framework Agreement with Moremoon Cartoon Cultural.”
Color Star Technology Co., Ltd. (NASDAQ: HHT), a company engaged in the business of providing innovative education services, is pleased to announce that its wholly owned subsidiary, Color China Entertainment Limited (“Color China”) has signed a Framework Agreement with Moremoon Cartoon Cultural Diffusion (Shenzhen) Co., Ltd. (“Moremoon”) which sets forth the strategic direction of the two entities’ coop
Online education was considered a fast-growing market even before the pandemic spread around the globe. Now, the increasing penetration of internet in many regions across the globe is a major factor driving the market growth. Furthermore, other technological advancements, such as cloud-based solutions coupled with huge investments by major market players towards enhancing the security and reliability of cloud based education platforms also play a major role in the market development. By end user segment, the online education market is comprised of K-12 education, higher education, industry and professionals, and others. Of course, it is the comfort that online education service providers offer that caused the high demand in recent years. However, online education also often provides a more personalized learning experience where students can learn at their own pace, from anywhere, as long as they have an internet connection. And, according to Research and Markets, the global online education market is projected to witness a CAGR of 9.23% during the forecast period to reach a total market size of USD 319.167 Billion in 2025, increasing from USD 187.877 Billion in 2019.
Now, in a time of a pandemic, online learning has become a crucial component of daily lives for million of students. Top tier universities are included, providing full curriculums via online services. Outside the university arena, there are numerous services like such as Skillshare, Lynda, Udemy, Coursera and Udacity that provide courses separately, or other specific online education formats. Earlier this year, Udemy announced that it had raised USD 50 Billion from a single investor, to which president Darren Shimkus said, according to Forbes, “The biggest challenge is for learners is to figure out what skills are emerging, what they can do to compete best in the global market. We’re in a world that’s changing so quickly that skills that were valued just three or four years ago are no longer relevant. People are confused and don’t know what they should be learning.”
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