At the recent 2024 New Growth Conference for Education, Sullivan released the latest "China Education White Paper," showing that from 2019 to 2023, the Education market in China grew at a compound annual growth rate of 84.1%, increasing from a market size of 2.7 billion yuan to 31 billion yuan. As of November 2024, the Education market in first-tier, new first-tier, and second-tier cities in China has become relatively mature, but due to the strong national market demand, there is still considerable room for development in the domestic Education market over the next five years. At the conference, Yuanfudao announced the establishment of a future development Fund for Education, with a planned total investment of 100 million yuan.
2019-2023年中国素养教育市场规模从27亿增至310亿元
From 2019 to 2023, the market size of Education in China increased from 2.7 billion to 31 billion yuan.
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