ChinaEdu Corporation (CEDU)

ChinaEdu Corporation, together with its subsidiaries, provides educational services to the online degree programs of universities in China. It also offers online tutoring services to primary and secondary school students; operates primary and secondary schools; and markets international English language curriculum programs to established learning institutions, as well as international polytechnic programs to vocational schools in China. The company’s online degree programs offer associate and bachelor’s degree programs in the areas of accounting, marketing, finance, business administration, international business, law, civil engineering, education, computer science, literature, project management, marketing, and administrative management. These online degree programs primarily target working adults. Its services include academic program development, technology services, enrollment marketing, recruiting, and student support services, as well as finance services comprising accounting, treasury, financial analysis, accounts receivables, and accounts payable services for online degree programs. The company provides technical, recruiting, and other services to 27 universities with online degree programs; and services and support to 11 additional universities that are awaiting regulatory approval to launch their online programs, as well as performs recruiting services through its learning center network for 23 universities. As of December 31, 2012, it provided services to online degree programs that had an aggregate of approximately 400,000 revenue students; and served approximately 50,900 revenue students in other businesses. ChinaEdu Corporation was founded in 1999 and is based in Beijing, China. As of April 23, 2014, ChinaEdu Corporation was taken private.