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NANCHANG, China - Ruanyun Edai Technology Inc. (NASDAQ:RYET), whose stock has surged over 240% in the past six months and is currently trading near its 52-week high of $15.49, has signed a strategic cooperation agreement with the Confucius Institute at Prince Sultan University (PSU) in Saudi Arabia, the company announced Friday.
The three-year agreement will integrate Ruanyun’s HanLink Chinese language learning platform into PSU’s accredited Chinese language curriculum, just two months after the platform’s initial launch in Saudi Arabia.
Under the agreement, the parties will jointly develop and operate an online Confucius Institute platform delivering certified Chinese courses and cultural programming. HanLink will be immediately embedded into PSU’s Chinese elective courses.
The collaboration will kick off with a Summer 2025 Chinese Language Program featuring two-week immersion camps and conversational courses for children and adults, combining AI-driven content with interactive self-study modules.
"Our collaboration with the Confucius Institute at Prince Sultan University represents a major milestone in our vision to democratize Chinese language learning through artificial intelligence," said Yan Fu, Founder and CEO of Ruanyun, according to the press release.
The agreement aims to create what the company describes as a blended learning ecosystem serving students, teachers, and cultural enthusiasts across Saudi Arabia. Both organizations will also co-develop teaching materials and assessments tailored to Saudi learners.
Ruanyun Edai Technology Inc. is an AI-powered education technology company based in China that provides intelligent learning tools and adaptive learning systems. With a market capitalization of $519 million and last twelve-month revenue of $7 million, the company currently operates with negative EBITDA of $1.1 million as it focuses on growth and market expansion.
In other recent news, Ruanyun Edai Technology Inc. has launched its AI-powered Chinese language learning platform, HanLink, in Saudi Arabia. The platform’s pilot program in Riyadh demonstrated promising results, with 500 students achieving an 80% homework accuracy rate and an average oral proficiency score of 75 out of 100. Ruanyun Edai plans to expand HanLink to more schools across Saudi Arabia, aiming to support the local education system’s adaptation to globalized learning needs. HanLink uses AI-driven features such as real-time pronunciation correction and character-writing analysis to make learning Chinese more accessible and effective. The platform also includes an AI tutor named "Han," which provides 24/7 support and personalized feedback. This development marks a significant move in educational technology for Ruanyun Edai, highlighting their focus on integrating AI with education. The company’s strategy includes broadening HanLink’s reach within the region following the successful trial.
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