METX - Meten climbs 5% as subsidiary enters alliance to develop Metaverse vocational education

Shenzhen Meten International Education subsidiary of Meten (NASDAQ:METX) had entered into a strategic cooperation framework agreement on March 2, 2022 with Shenzhen Shengxue Culture Communication. Shengxue is an online education and training institution focusing on the improvement of academic qualifications for adults. Shenzhen Meten and Shengxue expect to cooperate in development and design of new education products and marketing activities, in an effort to develop Shenzhen Meten's Metaverse education business. The goal of this strategic cooperation is to help qualified job seekers find their dream jobs in the fast-evolving labor market in China. According to data published by Qianzhan Industry Institute, the size of China's vocational education market was RMB653B ~$103B in 2021.

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Meten climbs 5% as subsidiary enters alliance to develop Metaverse vocational education