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From March 26th to 29th, the Boao Forum for Asia Annual Conference 2019 was held in Boao, Hainan, China. The theme of this year's annual conference was "Shared Future, Concerted Action, Common Development."
On the 28th, Bai Yunfeng, President of the Tomorrow Advancing Life Education Group, was invited to participate in the "Future of the 'Sharing Economy'" forum at this year's Boao Annual Conference. He discussed the current development status and future trends of the sharing economy with representatives from leading companies in various sharing economy sectors, such as Chen Chi, Co-founder and CEO of Xiaozhu.com, Ma Jia, Global Vice President and China President of Booking.com, Anthony Tan, President of Grab Group (Singapore), and Jacques Attali, President of Positive Planet (France).
Bai Yunfeng stated that technology is driving the transformation of the education model, and the Tomorrow Advancing Life Education Group has been committed to "Using technology to promote educational progress." Both currently and in the future, the Tomorrow Advancing Life Education Group will use various means to share high-quality educational resources with more children, allowing them to enjoy higher quality and more equitable education.
The upgrading of consumption drives the demand for education, and the sharing economy has a broad space for development
China's basic education has made great progress over the past forty years. The upgraded consumption of Chinese families has led to a strong desire for high-quality educational resources among hundreds of millions of primary and secondary school students in China.
In response, Bai Yunfeng pointed out that there are still two core issues in current basic education: unequal distribution of educational resources and a supply of high-quality educational resources far below the demand. The emergence of the sharing economy has the opportunity to address the current situation of unequal and inadequate educational resources. "In the past 16 years, the Tomorrow Advancing Life Education Group has invested heavily in educational research, teaching staff, and technological development, but it has far from satisfied the strong demand of Chinese families for basic education resources. The emergence of the sharing economy expands the incremental space of basic education, and it also stems from the progress and sedimentation in the field of basic education."
Technology is helping to drive educational innovation, and the essence of "education" will not change
The sharing economy born of the Internet has changed the imbalance of educational resources, and cutting-edge technologies such as artificial intelligence and big data are creating more new educational formats. "The future sharing economy will change connectivity and production relations under the drive of technology," said Bai Yunfeng.
Since its establishment, the Tomorrow Advancing Life Education Group has been investing heavily in technology and talent development to support the personalized development of education. Bai Yunfeng introduced that in the past three years, the group's investment in technology research and development has exceeded 1 billion yuan, and it has employed thousands of engineers and researchers in product, technology, and teaching research, continuously working on new educational technologies and models.
National supervision promotes the orderly development of the industry, and "greater fairness and quality" is a common expectation
In order to regulate the industry's development, the country has issued a series of laws and regulations in recent years to regulate the development of the education industry. These strong measures regulate market access, reinforce corporate responsibility, and establish comprehensive governance mechanisms, laying a solid foundation for the healthy and sustainable development of the education industry.
