BEIJING, March 21, 2016 /PRNewswire/ -- Beijing Jueshengwang Education Technology Co., LTD, (NEEQ: 836544) ("Juesheng.com"or the"Company"), the only Chinese online education company that provides pan-educational-institution-review and buying services online, is pleased to announce that Juesheng.com shares commence trading on the National Equities Exchange and Quotations (the "NEEQ") today. Jueshengwang becomes the first online education company that has been listed on the NEEQ through all recorded history.
According to the Company's press release, Juesheng.com is the only O2O platform that provides a broad range of pan-educational products and services in China. Juesheng.com has well over 250,000 merchants as their partners and has more than 20,000,000 registered users. Through the official website and subsidiary mobile applications, the Company offers whole-industry-chain educational services and products, including early education, K-12 synchronous counselling, Non-K-12 education and professional education to students aging from 3 to 22, as well as their parents and teachers.
Juesheng.com is a whole-education-industry-chain "Internet plus education" company, and has successfully entered into the "pan-education" market. Currently, one major source of revenue of Juesheng.com is charges and commission fees from an online platform which provides operation services to educational institutions - Jueshengyunshang SaaS. Based on information disclosed by Juesheng.com, as of December 31, 2015, Juesheng.com has turned losses into gains.
At the same time, Juesheng.com has appointed its former Vice President and company secretary, Mr. Long Ming, as the Chief Financial Officer ("CFO"). Mr. Long will be in charge of financing, investment and strategic finance of the Company. Mr. Long joined Juesheng.com at the end of 2012 and served as the Strategic Financial Director. During the past three years at Juesheng.com, Mr. Long had been responsible for financing, investment, strategic finance, as well as agent channel building, merchant supply chain management and other relevant works. Mr. Long obtained a bachelor's degree from Xi'An Jiaotong University and received a master's degree from the Department of Computer Science and Technology, Tsinghua University. Prior to joining Juesheng.com, Mr. Long was a Senior Consultant and a Consulting Manager of Ernst & Young and Value Partners successively.
Juesheng.com was established on November 18, 2012 by Mr. Que Dengfeng, a renowned pioneering educator and his co-founder Mr. Dai Zheng. Juesheng.com completed the angel round investment from Ameba Capital in June 2013 and received the Series A financing investment from ChinaEquity Group Inc., New Oriental Education & Technology Group, Zhijing Capital and High Ground Capital in March 2014.
In March 2015, Juesheng.com raised funding in a series B financing round from China Equity Group, New Oriental Education & Technology Group and Liner Venture. In December 2015, Juesheng.com announced funding from Tangel Publishing Co., Ltd., the first Shenzhen-listed privately operated publisher in the series C financing round.
According to a public news release, with Tangel's entry, there will be four listed companies on the list of Juesheng.com's shareholders, respectively: New York Stock Exchange-listed educational services provider Oriental Education & Technology Group, NASDAQ-listed IT training firm Tarena International Inc, Shenzhen Stock Exchange-listed publisher Tangel Publishing Co., Ltd., and NEEQ-listed ChinaEquity Group Inc., which ranked No. 4 in terms of its market capitalization.
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SOURCE Beijing Jueshengwang Education Technology Co., LTD