Hong Kong-listed schools group Wisdom Education eyes further expansion
Company focusing on ‘Greater Bay Area’, and is on the look out for opportunities in Beijing and Shanghai
Li Jiuchang, the group’s chief operating officer, told the South China Morning Post the availability of land and quality teaching staff play an important role when it comes to the company deciding on opening schools.
“It is not easy to find a large piece of land in a city’s downtown area to build a big school,” he said. “We will also assess the reserve of teaching staff in the cities before making plans for new schools.”
Wisdom Education, which was founded in 2003 in Dongguan, Guangdong province, is currently focusing on the “Greater Bay Area”, the Guangdong-Hong Kong-Macau region, where the Chinese authorities have stepped-up efforts to coordinate economic and infrastructure development.
But Li said the company was also eyeing expansion in Beijing and Shanghai, the mainland’s most developed cities. “We are paying close attention to growth opportunities in Beijing and Shanghai,” he said. “When opportunities arise, we will integrate our resources to set up new schools as quickly as possible.”
Wisdom Education runs seven campuses that offer education to 41,200 pupils, from primary school to high school. Of these, five are based in Guangdong while the other two are in Weifang in Shandong province and Panjin in Liaoning province.
