Tutorial firm teams up with Taiwanese peer

The tutorial operator Modern Education is developing new study programmes for primary and secondary students in China to try to cushion the impact of local education reform which drove its interim earnings down by almost 62 per cent.

The company dismissed speculation yesterday that it was digressing from its education business amid falling income from its secondary school tutoring services, as it unveiled a joint venture with the Taiwanese education group High Luck Management to introduce each others' study programmes into their own markets.

via Business feed http://www.scmp.com/business/companies/article/1252900/tutorial-firm-teams-taiwanese-peer