Tarena International Inc. (TEDU) share prices were down 12.90% at market close on October 26e 2021. This brought the price per share down to $ 1.08. Subsequent pre-market swings saw the stock rise 7.41% to $ 1.16.
TEDU Stock Partners with Xueda
21st of Octoberst 2021 saw the TEDU title announce that it has entered into a strategic cooperation agreement with Xueda Education Group. According to the agreement, the collaborative partners will ensure to establish a framework of deep partnership between the two parties in quality education enterprises. This includes vocational training for adults, computer coding and robotics programming courses for children and teens, robotics competitions and boot camps. Following the cooperation agreement, the company is responsible for the development of programs and the management of tutoring for the companies concerned. Xueda will be responsible for student recruitment, marketing activities and provision of the relevant classroom and facilities.
TEDU’s stock draws on 19 years of offline tutoring teaching experience, while Xueda has 20 years of established experience. The commensurate understanding and commitment to the educational philosophy and teaching methods will facilitate the collaborative establishment of the foundation for deep strategic cooperation. The company has allocated resources to improving the quality of its comprehensive products and services since its inception.
Scope of the partnership
It is hoped that the strategic collaboration will benefit both parties, covering more than just cooperation in the transaction of products and services. On the contrary, companies facilitate deeper cooperation at the enterprise and operational level, innovating a comprehensive cooperation between partners in the education sector.
About TEDU Stock
TEDU stock is an industry leader with providing quality adult vocational education and child and adolescent education services across China. Its innovative educational platform will be used to combine live distance education, classroom tutoring and e-learning modules. The company offers vocational training courses for adults in the areas of information technology and non-computer technology.
Future outlook for TEDU stock
The company wishes to maintain its trajectory of success in order to usher in unprecedented growth. The TEDU share is ready to capitalize on the wider range of opportunities offered to it as a result of its recent partnership with Xueda. Current and potential investors hope that management will be able to effectively exploit the resources at its disposal. It is hoped that this will facilitate consistent and organic increases in shareholder value over the long term.