Beijing Shang Zhi Education Technology Co., Ltd. is a joint venture company jointly funded by New Oriental Online and ATA, an educational examination service provider, on September 20 14. Its headquarters is located at Floor 18, Oumeihui Building, No.2 Dongsan Street, Haidian District, and Sun Chang is the CEO of the company. The company's main business is Direct Internet, a comprehensive online vocational education website under New Oriental.
According to the cooperation agreement signed by both parties to the joint venture, ATA will contribute13.5 million yuan, holding 45% of the shares, and New Oriental will contribute16.5 million yuan, holding 55% of the shares.
Beijing Shang Zhi Education Technology Co., Ltd. can obtain many resources of New Oriental and ATA for free, such as the learning management system of New Oriental, courseware making tools, live recording platform and technical resources, as well as ATA's leading examination and evaluation technologies (problem-solving technology, DST dynamic simulation technology, etc.), learning tools and software.