Rise of corporate universities in China

Global Times 02 November 2019

It is evident that over the past years, universities which were financed and set up by enterprises, also known as corporate universities, have been gaining momentum in China, write Li Xuanmin and Shen Weiduo for Global Times.

Meituan Dianping, operator of the country’s largest food delivery app, announced the official establishment of Meituan University on 15 October. The company’s co-founder Mu Rongjun will head the university. It will have eight colleges and cover a wide range of sectors centred on Meituan’s core businesses including catering, delivery and wine, according to a statement the company sent to the Global Times. On the same day, ByteDance, the parent company of TikTok, also launched its ‘Zhichun Class’, which is open to founders of companies from industries related to the internet, the Internet of Things, 5G and artificial intelligence, according to a report from domestic news site awtmt.com.

Against the backdrop of the rapid development of Chinese enterprises, the number of corporate universities in the country is climbing. In 2012, there were just 1,186, but the number is expected to surpass 3,000 in 2019, according to awtmt.com, citing research results from the Qianzhan Industry Research Institute.
Full report on the Global Times site

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