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On the Differences of Education between the Midwest and China
I agree to regard education as an industry, because education itself has many elements, not only a business, but also government support and policies. So it would be great to have the opportunity to communicate with people in government departments and promote the development of this industry. Education is needed from birth to old age, so education is something you need all your life. So for this venture capital, venture capital can have a participation in different stages. So I need some middle school and university education since I was a child. On the one hand, venture capital is easy, and not only children but also adults come out to work. So venture capitalists can grow up to work, and now there are many VC projects, such as New Oriental's. I think VC should pay more attention to how to improve personal ability in the future. The competitiveness of a country is related to education. I also invested in some educational enterprises in Korea in 2000. In South Korea, the education market is mature and entrepreneurial. 1995, NIF invested in "Gabi" company. When we look at this project, we will see whether this company and this team can be sustainable, not one year or two. Judging from the current development of education industry in China and other countries, China has a huge market. If you look at the figures, you will find that the education situation in East China is different from that in Northwest China. Regional differences are relatively large. For example, South Korea, Japan and Southeast Asia are all very small. Therefore, it is very easy to promote their education from the national side. I read some of their figures. The country is in the east, and their college students are almost four times more than those in the west. So in China, it may be a little different to separate different places.