China Hi-Tech Group Co., Ltd., is a Chinese company engaged in the provision of educational technology. It was established by a number of Chinese universities and the Chinese Ministry of Education. It is closely held by the Chinese government through Founder Group.[2][3]
Distinction
China Hi-Tech Group Co. Ltd is different from China Hi-Tech Fund (深圳市高交创业投资管理有限公司), which is an unrelated private equity fund in Shenzhen China.
History
On 26 June 1992, China Hi-Tech Group Co., Ltd., initiated by 36 colleges and universities in China, was established at Pudong, Shanghai.[3]
In January 1993, the State Education Commission of the PRC approved the establishment of the Group through raising funds from targeted sources, and a total of 174 higher education institutions and entities became shareholders.