China Distance Education Holdings Limited (“CDEL”) was founded in the year 2000, and was listed on the NYSE in July 2008 (NYSE: DL). For 18 years, CDEL has primarily focused on professional education and value-added services for professionals and corporate clients in China. Our mission is to be the premier life-long, comprehensive online education partner for working professionals and others in China, and to spearhead the development of distance education in China.
A key focus of our business strategy is to broaden our offerings and services for professionals and corporate clients in various industry verticals. We currently operate 18 core websites covering 13 subject areas and encompassing over 200 course offerings, including the areas of accounting, healthcare, engineering & construction, and other industries. The Company also offers professional education courses for participants in the national judicial examination, online test preparation courses for self-taught learners pursuing higher education diplomas or degrees, test preparation courses for university students intending to take the nationwide graduate school entrance exam, practical accounting training courses for college students and working professionals, as well as online language courses and third-party developed online courses.
In addition, our life-long, comprehensive ecosystem in the Accounting vertical serves the learning needs of individuals with exam preparation services, continuing education, practical skills training, and employment services; and expands our value-added services to corporate clients to include professional services and practical skills training, among others.
Our successful acquisition of Xiamen NetinNet Software Co., Ltd. (“Xiamen NetinNet”) in March 2016 brought us the leading learning simulation software provider in practical accounting-related learning solutions and extended our reach into China’s large and growing college market. In June 2016, we were pleased to complete the listing of our Zhengbao Yucai subsidiary on China’s New Third Board, the over-the-counter stock exchange. Zhengbao Yucai’s business strategy is aimed at providing learning solutions to China’s college market, including further enhancing its business start-up training services.
As a leading company of "Internet+" era, China Distance Education was named one of the 100 Fastest Growing Companies by Fortune magazine in 2015 and 2016. Our total course enrollments in fiscal year 2016 reached 3.7 million, and earned us the leadership position in China’s distance education market.