Sibling Group Holdings, Inc. (SIBE) Partners with
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On the heels of last month’s announcement of a partnership with a collection of secondary schools in Hong Kong, Sibling Group Holdings, Inc. (OTCQB: SIBE) has continued to push its international growth potential through the formation of another strategic partnership with an education company based in China. Shenzhen City Qianhai Xinshi Education Management Co., Ltd., or Shenzhen Times, is an international education management and consulting company focusing on computer software and electronics products to enhance educational programs.
Through the partnership, Sibling Group received $3.75 million in funding intended to accelerate the company’s growth and expansion into critical markets around the world, including the largest education technology market in the world, China. The company’s aggressive growth strategy could pay dividends, as new footholds in strategic markets allow the company to make optimum use of recent acquisitions including Blended Schools Network and Urban Planet Mobile™.
“We believe this strategic partnership with Shenzhen Times is the optimal way to achieve our goals of broader and deeper expansion into new markets,” stated Brian Oliver-Smith, Chief Executive Officer of Sibling Group. “This is great news for Sibling Group and all our stakeholders.”
In addition to a presence in approximately 160 U.S. School districts, the numbers indicate that the company’s aggressive international expansion efforts could have major benefits in the short term. With approximately 200 million students enrolled in primary and secondary schools across China, according to UNESCO, the market provides Sibling Group with plenty of growth opportunities, and recent actions suggest that the Chinese educational system could be incredibly receptive to the company’s offerings.
While students in Shanghai rank number one in the world in a variety of subjects, the country’s more rural schools have a much more difficult time achieving positive results. According to a report by CNN, less than 5 percent of China’s rural poor make it to university, and high school enrollment is just 40 percent in the country’s less populated areas. This large divide has led big investors, including Shenzhen Times, to turn their attention to online educational systems, such as those offered by Sibling Group, to help even the gap.
As the worldwide market continues to accept and adopt online learning methods in larger numbers, expect Sibling Group’s expansion efforts to pay dividends. With the worldwide education market looking for improved tools to reach young minds, the company is strategically positioned at the forefront of the blended and eLearning markets.
To learn more about Sibling Group Holdings, visit www.siblinggroup.com
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