A Doctor of Zhejiang University won 10 Millions Venture Capitals in his Business
2009-11-26 |
Recently Gezhi Education Group led by Doctor Xu Chen from department of mathematics, Zhejiang University signed a risk-investment contract for 10 million with Cybernaut (China) Investment. President of Cybernaut (China) Investment Bin Chen said that the most attractive part of the Gezhi education program was that the group focused on cultivating students’ learning ability, research and consultation on family education, education training, cooperative running of schools and online education integrated services.
Xu Chen received his bachelor degree in department of mathematics, Zhejiang University. He has started his business with his classmates since 2005 and they have run Gezhi Education for almost 4 years. There are branch companies and training centres in Hangzhou, Shanghai (under construction), Jiaxing and Taizhou now. In the first Cybernaut Business Plan Competition, his group won the favorable comments of the judging panel, including president of Greenfull Group Dong Lin, and attracted 10 millions venture capitals for his company with the high score of 9.42. CEO Xu Chen said, “Out ambition is to enlarge our company with the help of the venture capital in the next 5-10 years and then to appear on the market.”
Gezhi Education Group is a tech enterprise specializing in the primary and secondary education, education consultation and personalization education. Students can command the correct learning methods through the original UPCTM360 training program and improve academic achievements as soon as possible. In 2008 Gezhi Education was ranked as Juvenile Training Unit of Zhejiang Province and it became the cooperative teaching base of Zhejiang University this year.
It’s said that Cybernaut (China) Investment’s investment in Gezhi Education Group belongs to long-term investment. The investor will supervise the development of the investee in certain periods. If Gezhi Education fulfills its stage target, Cybernaut (China) Investment will cash the corresponding capital. The investor keeps the investment in a proper sequence until the investee’s value is increased, and then he will withdraw the capital to make profit by appearing on the market, merger and acquisition or the transfer of the shares.
Xu Chen received his bachelor degree in department of mathematics, Zhejiang University. He has started his business with his classmates since 2005 and they have run Gezhi Education for almost 4 years. There are branch companies and training centres in Hangzhou, Shanghai (under construction), Jiaxing and Taizhou now. In the first Cybernaut Business Plan Competition, his group won the favorable comments of the judging panel, including president of Greenfull Group Dong Lin, and attracted 10 millions venture capitals for his company with the high score of 9.42. CEO Xu Chen said, “Out ambition is to enlarge our company with the help of the venture capital in the next 5-10 years and then to appear on the market.”
Gezhi Education Group is a tech enterprise specializing in the primary and secondary education, education consultation and personalization education. Students can command the correct learning methods through the original UPCTM360 training program and improve academic achievements as soon as possible. In 2008 Gezhi Education was ranked as Juvenile Training Unit of Zhejiang Province and it became the cooperative teaching base of Zhejiang University this year.
It’s said that Cybernaut (China) Investment’s investment in Gezhi Education Group belongs to long-term investment. The investor will supervise the development of the investee in certain periods. If Gezhi Education fulfills its stage target, Cybernaut (China) Investment will cash the corresponding capital. The investor keeps the investment in a proper sequence until the investee’s value is increased, and then he will withdraw the capital to make profit by appearing on the market, merger and acquisition or the transfer of the shares.
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