Education
Peking University.
俞敏洪, 新东方教育科技集团
Peking University.
As the owner of one of the largest private educational services, Yu is known as the "richest teacher in China", and "Godfather of English Training". On Hurun Report"s China Rich List 2013, he had an estimated wealth $1.1 billion and was ranked Number. 245 on the list. Approximately 70% of Chinese students studying in the United States and Canada have taken English classes from the firm.
In addition, the online education section has attracted more than 2 million registered users since beginning in 2003. was the first Chinese private education company to list shares on the New York Stock Exchange.
Yu stated, "My biggest dream is to found a private university, and for it to be one of China"s top educational institutions after 40-50 years of development. When applying for higher education, my dream is for the best high school graduates to take my university into consideration, along with the likes of Tsinghua and Beijing University."
Yu Minhong was born in a rural family.
Unlike for the time, Yu"s mother encouraged him to go to school. Yu twice failed the university qualification exam and lost a year from illness.
Yu was eventually admitted to Beijing University.
Yu was placed in a class for sub-standard students, because he couldn"t speak standard Chinese. Yu was a poor student, both financially and academically. In his junior year, pneumonia forced him to take a year official
After graduation in 1985, many classmates went abroad for further education, Yu began to apply for United States universities while teaching English in Beijing University.
After three years, Yu was accepted by a university. His requests for overseas study visas were repeatedly denied.
As the largest provider of private educational services in China, soffer educational programs including English and other foreign languages, overseas and domestic test preparation courses, tutoring, primary and secondary school education and online education. "s instruction combines humorous, interactive teaching techniques with traditional Chinese educational values.
Foundation
School was established on November 16, 1993.
Yu Minhong was the only English teacher at the beginning. As enrollment grew, Yu persuaded some of his former classmates to work with him. One of them, Wang Qiang has a Master's degree from the State University of New New York
"I took Yu Minhong to Princeton University to show him around the campus.
To my surprise, almost every Chinese student recognized him. They would call him "Teacher Yu".
I was amazed to see how famous he was." Said Wang Qiang. Development
Yu converted the business into the Education and Technology Group.
In 2010 it was the largest private educational enterprise in China, with approximately 10.5 million enrollment, 465 learning centers in 44 cities and 29 bookstores.
In September 7, 2006, the Education and Technology Group listed on the New York Stock Exchange. Yu was then labeled "China"s richest teacher" with wealth of United States$800 million. In a speech Yu stated:.