SHENZHEN, China, Nov. 09, 2020 (GLOBE NEWSWIRE) — Meten EdtechX Education Group Ltd. (NASDAQ: METX) (“Meten EdtechX” or the “Company”), a leading English language training (“ELT”) service provider in China, today announced Likeshuo online platform revenue growth of more than 30% YOY and “Singles Day” promotion.
The revenue of Likeshuo for the first three quarters of 2020 increased by more than 30% on a year-on-year basis. While maintaining rapid growth since the fourth quarter of 2019, Likeshuo has achieved positive and sustainable growth for four consecutive quarters. In addition, as of August 2020, the gross billing of the Company’s online Japanese language teaching service, Jtalk, reached RMB3.5 million.
Furthermore, during the “Singles’ Day” nationwide promotion activity on Tmall.com between October 20th to November 11th this year, the Company launched a promotion on Tmall.com for Likeshuo, which attracted a significant number of registered users. In 2019, Likeshuo ranked first in sales