Edtech Asia Issue #7
🇮🇳 India and 🇨🇳 China—two giant countries that have the biggest market size in education technology can’t stop growing | 🤖 4 Trends in AI that every education company should watch
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Holy Moly! 🇮🇳 India and 🇨🇳 China—two giant countries that have the biggest market size in ed-tech Asia can’t stop growing during the winter season! 🙌🏻 The perks of having the world’s largest population, aye? It has been reported that India’s market is expected to grow to $10B by 2025, while China’s ed-tech industry is facing continuous growth.
Read more news like this below. 👇🏻
TL;DR
India’s ed-tech market to grow to $10B by 2025
The strange paradox of education growth in India. The result? Widening skills gap
Jaro Education is another profitable edtech startup
China’s edtech industry faces continued growth
China’s shrinking population is driving education reform
5 Bangladeshi edtech startups in HolonIQ top 100!
Expat students in Hongkong are declining
Unequal access to employability programs for South Asian grads in Australia
Mesa School of Business raised $4M
JayJay got significant investment and is planning to expand in Indonesia
4 trends in AI that education companies should watch
📰 Hottest News
🇮🇳 India
India's Edtech Market Expected To Grow To $10 Billion By 2025. Driven by online learning during the pandemic, the market currently has over 4,000 edtech startups, with 20 unicorns, and has attracted significant investment. The shift to digital learning has accelerated, and the demand for personalized and adaptive learning platforms is on the rise. 🇮🇳
This strange paradox of education growth in India resulted in a widening skills gap. India's economy is being undercut by a "worthless" college degree system, with many graduates lacking the skills needed by employers. The country's universities are failing to produce graduates with industry-relevant knowledge, leading to high levels of youth unemployment. This is creating a skills gap that is holding back India's growth potential. 🇮🇳
Jaro Education is another profitable edtech after PhysicsWallah and DailyRounds. This Mumbai-based firm’s scale spiked 78.3% to Rs 85 crore during FY22 which makes them a profitable edtech startup amidst the winter season. Jaro Education offers over 28 courses in collaboration with universities and institutes and the commission collected from the course fees was their sole source of income. 🇮🇳
🇨🇳 China
China’s EdTech Industry Faces Continued Growth as adults develop the search for digital learning to navigate today’s evolving world. They are interested to explore new personal interests and aspirations which makes the ed-tech industry in China continue growing with an emphasis on online learning and upskilling. The focus is on personalized and adaptive learning to meet the needs of learners and employers alike. 🇨🇳
How China's shrinking population is driving education reform. China's aging population and declining birth rates are causing education reform, with changes such as extending compulsory education to 15 years, allowing university students to have more flexible study arrangements, and making it easier for foreign graduates to work in China, as the country seeks to increase its human capital and economic growth. 🇨🇳
🌏 Other countries
5 Bangladeshi edtech startups in HolonIQ's list of the top 100 edtech companies! The companies provide online learning solutions to help bridge the skills gap and improve access to education in Bangladesh. The edtech sector is growing rapidly in the country, driven by increased investment and the shift to digital learning. 🇧🇩
Expat students at Hong Kong international schools have fallen by 12% in the past year due to an exodus of foreign talent. The decline is driven by a combination of factors, including rising living costs and concerns over the city's political situation. This has left schools struggling to fill places and maintain revenue. 🇭🇰
"Unequal" access to employability programs for South Asian grads is happening in Australia. South Asian international students in Australia have less access to employability programs than their counterparts from other regions, according to a report by the Mitchell Institute. The report found that South Asian students often lack support networks and face additional barriers to securing employment after graduation. The institute called for more tailored support to address the issue. 🇦🇺
FUNDINGS
Mesa School of Business raised Rs 34 crore ($4 million). This is a business school focused on transforming young professionals by preparing them for the challenges of leadership roles in startups. Mesa claims to be India’s first B-school program. 🇮🇳
JayJay got a significant investment. JayJay is a digital school that offers each student a one-of-a-kind educational experience by utilizing cutting-edge technologies and customized learning algorithms. They have built several successful digital schools in Eastern Europe and now start conquering the Indonesian market. 🇪🇺🇮🇩
GLOBAL NEWS
4 Trends in AI That Education Companies Should Watch. TL;DR
Demand for AI-Related Professional Skills Is Slowly Growing
Interest in K-12 Computer Science — Which Has Ties to AI — Is Growing in the U.S.
Other Countries Are Endorsing K-12 AI Curriculum
Industry, Not Academia, Is Leading the Way in AI
FUN FACT 🎲
Did you know that India has the biggest population in the world according to the UN? This year, India overtakes China for the first time, and the world’s total population grew to 8 Billion. Thanks to India.
Learn why China’s population is shrinking, while India’s population is growing.
Thank you for reading! If you find something useful that isn’t here, feel free to send it over to hey@thefutureofeducation.xyz.
Until our next issue,