Meten Holding Group Ltd. provides English language training (ELT) services in the People's Republic of China. It operates through four segments: General Adult English Training, Overseas Training Services, Online English Training, and Junior English Training. The company delivers English language and future skills training for Chinese students and professionals. It offers adult and junior ELT services under the Meten brand name, junior ELT services under the ABC brand name, and online ELT services under the Likeshuo brand name through a digital platform and network of learning centers. As of December 31, 2020, the company had a network of 105 self-operated learning centers covering 28 cities in 15 provinces, autonomous regions, and municipalities, as well as 13 franchised learning centers covering 12 cities in 11 provinces and municipalities. The company was formerly known as Meten EdtechX Education Group Ltd. and changed its name to Meten Holding Group Ltd. in August 2021. Meten Holding Group Ltd. was founded in 2006 and is based in Shenzhen, the People's Republic of China.
IPO Year:
Exchange: NASDAQ
Website: investor.metenedu-edtechx.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
6/28/2021 | $3.00 | Buy | Aegis Capital |
Aegis Capital initiated coverage of Meten EdtechX Education with a rating of Buy and set a new price target of $3.00
SHENZHEN, China, Jan. 06, 2021 (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 the appointment of Audit Alliance LLP (“Audit Alliance”) as the Company’s independent auditor [effective on January 7, 2021]. Audit Alliance replaces KPMG Huazhen LLP (“KPMG”), previously the independent auditor for the Company. The appointment of Audit Alliance was made after a careful and thorough evaluation process and has been recommended for approval by the audit committee of the board (the “Board”) of directors of the Company, and approved by the Board on Decembe
SHENZHEN, China, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Meten EdtechX Education Group Ltd. (NASDAQ: METX) (“Meten EdtechX” or the “Company”), a leading omnichannel English language training (“ELT”) service provider in China, announces that its board of directors (the “Board”) had considered and approved the following items: The acquisition (the “Likeshuo Management Investment”) of 15% of newly issued shares of LIKESHUO EDUCATION (HONG KONG) LIMITED (“Likeshuo HK”) by certain senior members of the management of the Likeshuo online business and the reservation (the “Likeshuo ESOP Reservation”) of 5% of shares of Likeshuo HK for future share incentive awards. The consideration in respect of the
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SHENZHEN, China, Sept. 28, 2023 /PRNewswire/ -- BTC Digital Ltd. (" BTC Digital" or the "Company") (NASDAQ:METX), a blockchain technology company, today announced that its ordinary shares and warrants will begin trading on the Nasdaq Stock Market, LLC under the ticker symbols "BTCT" and "BTCTW", respectively, prior to market open on September 29, 2023. The new ticker symbols will replace the Company's current ticker symbols "METX" and "METXW." The new ticker symbols align with the Company's name change from "Meten Holding Group Ltd." to "BTC Digital Ltd." effected since August 18, 2023. No action by the Company's shareholders is required with respect to the ticker symbol change. The Company
SHENZHEN, China, Sept. 12, 2023 /PRNewswire/ -- BTC Digital Ltd. (" BTC Digital" or the "Company") (NASDAQ:METX), a blockchain technology company, today announced that it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") on September 8, 2023, notifying the Company that it has regained compliance with the Nasdaq's minimum bid price requirement and the matter is closed. As previously disclosed, the Company received a deficiency letter from the Listing Qualifications Department (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq") on September 16, 2022, indicating that the Company was not in compliance with Nasdaq Rule 5550(a)(2) (the "Bid
SHENZHEN, China, Sept. 5, 2023 /PRNewswire/ -- BTC Digital Ltd. (" BTC Digital" or the "Company") (NASDAQ:METX), a blockchain technology company, today provided updates on the Company's digital currency business for the second quarter of 2023. As of June 30, 2023, BTC Digital had deployed a total of 1,754 BTC miners in operation, with a total mining hash rate of 188PH/s and a total output of 35.07 BTC. At the beginning of August 2023, 200 S19J PRO mining machines acquired by the Company through share issuance have been deployed, and the mining hash rate has been increased by 22 PH/s. The Company plans to acquire additional units of BTC miners by the end of 2023 through issuing shares, effect
SHENZHEN, China, Aug. 30, 2023 /PRNewswire/ -- BTC Digital Ltd. (" BTC Digital" or the "Company") (NASDAQ:METX), a blockchain technology company, today announced that it entered into a strategic cooperation agreement (the "Agreement") with Zhonglian Digital Technology (International) Limited (" Zhonglian International "). According to the Agreement, both parties will cooperate with each other in the field of digital mining, and each party will rely on the resources of the other party to empower each other and improve their competitive positions in the industry. Zhonglian International is an innovation-driven FinTech company committed to building a safe and sustainable global crypto asset and
SHENZHEN, China, Aug. 23, 2023 /PRNewswire/ -- BTC Digital Ltd. ("BTC Digital" or the "Company") (NASDAQ:METX), a blockchain technology company, today announced that the Company plans to effect a share consolidation of twenty (20) ordinary shares with par value of $0.003 per share each in the Company's issued and unissued share capital into one (1) ordinary share with par value of US$0.06 (the "Share Consolidation"). As a result of the Share Consolidation, each twenty (20) pre-consolidation ordinary shares outstanding will automatically combine and convert into one issued and outstanding ordinary share without any action on the part of the shareholders. The Share Consolidation will be effect
SHENZHEN, China, Aug. 17, 2023 /PRNewswire/ -- Meten Holding Group Ltd. ("Meten Holding Group" or the "Company") (NASDAQ:METX), a blockchain technology company, today announced that effective on August 11, 2023, the Company changed its name to "BTC Digital Ltd." The Company's new name will be reflected on the Nasdaq Stock market beginning with the opening of trading on August 18, 2023, U.S. Eastern Time. The Company's management believes that "BTC Digital Ltd." better reflects the Company's current business operations. About Meten Holding Group Ltd. Meten Holding Group Ltd. is a blockchain technology company, with a long-term strategy to create value across the metaverse, blockchain and cryp
SHENZHEN, China, July 14, 2023 /PRNewswire/ -- Meten Holding Group Ltd. ("Meten Holding Group" or the "Company") (NASDAQ:METX), a blockchain technology company, today announced that it has entered into an asset purchase agreement with two unaffiliated third parties to acquire 200 units of Antminer S19j Pro (110 TH/s), Bitcoin mining machines, and has agreed to issue to the sellers ordinary shares of the Company valued at $880,000. The machines are expected to be delivered and put into operation by July 31, 2023. To date, the Company has put 1,754 mining machines into operation. The newly purchased 200 mining machines are expected to be delivered and put into operation by the end of this mont
SHENZHEN, China, March 21, 2023 /PRNewswire/ -- Meten Holding Group Ltd. ("Meten Holding Group" or the "Company") (NASDAQ: METX), a blockchain technology company, today provided updates on introducing ChatGPT to its under-construction Web 3 education platform. The Company will include ChatGPT and other AI technologies in its web3 education platform composed of intelligent education products by module. The features of the platform include: (1) personalized training programs adapted according to students' learning needs and levels, reducing learning time and costs; (2) allowing students to interact with ChatGPT through texts, voices and videos and providing students with richer learning experi
SHENZHEN, China, Feb. 8, 2023 /PRNewswire/ -- Meten Holding Group Ltd. ("Meten Holding Group" or the "Company") (NASDAQ: METX), a leading technology-driven blockchain technology company, today announced that the Company intends to introduce ChatGPT to its under-construction Web 3 education platform . We believe that ChatGPT has the potential to become a new engine for innovation and development in the education industry. 1) ChatGPT can take on information mining, material invocation, replication editing, and teaching evaluations at a high level, technically fulfilling personalized education needs with low marginal costs and high efficiency. 2) ChatGPT can nurture new forms and modes of educa
SHENZHEN, China, Sept. 20, 2022 /PRNewswire/ -- Meten Holding Group Ltd. ("Meten Holding Group" or the "Company") (NASDAQ:METX), an omnichannel training company headquartered in China providing language and workplace training services and actively developing metaverse, blockchain and cryptocurrency mining businesses, today announced that the Company received a written notification (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") on September 16, 2022, notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Rules for continued listing on the Nasdaq. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintai
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SHENZHEN, China, June 16, 2022 /PRNewswire/ -- Meten Holding Group Ltd. ("Meten Holding Group" or the "Company") (NASDAQ: METX), an omnichannel training company headquartered in China providing language and workplace training services and actively developing metaverse, blockchain and cryptocurrency mining businesses, today announced that the Company plans to launch housekeeping training courses (the "Courses") in September 2022 to address the shortage of qualified personnel in the housekeeping service industry of China. The Courses will be developed by professional teaching and research teams from universities in the Philippines and training institutions in Japan and well-known domestic teac
SHENZHEN, China, May 16, 2022 /PRNewswire/ -- Meten Holding Group Ltd. ("Meten Holding Group" or the "Company") (NASDAQ: METX), an omnichannel training company headquartered in China providing language and workplace training services and actively developing metaverse, blockchain and cryptocurrency mining businesses, today announced its financial results for the fiscal year ended December 31, 2021. FY2021 RMB(million) YoY (%) Gross billings 551.3 (23.6%) Revenues 729.0 (18.7%) General adult English LanguageTraining ("ELT") 176.8 (47.0%) Online ELT 290.4 0.2% Overseas training services 151.1 15.7% Junior ELT 98.0 (24.8%) Gross Profit 245.3 (15.4%) Gross Profit Margin 33.6% 1.3 ppts Adjusted n
SHENZHEN, China, Dec. 22, 2021 /PRNewswire/ -- Meten Holding Group Ltd. ("Meten Holding Group" or the "Company") (NASDAQ:METX), one of the leading omnichannel English language training ("ELT") service providers in China, today announced that it had entered into an agreement (the "Agreement") on December 20, 2021 with industry experts to establish a joint venture specializing in the research and development ("R&D"), production, and sales of cryptocurrency mining equipment. The industry experts have extensive experience, diversified backgrounds, and proven track records in the cryptocurrency and blockchain industry. Mr. Zhijun Liu, Vice President of Hummingbird Mining Machine, is an expert in
BEIJING, Dec. 3, 2021 /PRNewswire/ -- AGM Group Holdings Inc. ("AGMH" or the "Company") (NASDAQ:AGMH), an integrated technology company focusing on providing fintech software services and producing high-performance hardware and computing equipment, today announced its unaudited financial results for the three months ended September 30, 2021. Third Quarter 2021 Operating and Financial Highlights Total computing power sold was 79,200 TH/S, compared with nil in the same period of 2020. Total revenues were $5.34 million, an increase of approximately $5.30 million from $31,261 in the same period of 2020. Gross profit was $0.71 million, an increase of approximately $0.69 million from $21,138 in th
SHENZHEN, China, Nov. 22, 2021 /PRNewswire/ -- Meten Holding Group Ltd. ("Meten Holding Group" or the "Company") (NASDAQ: METX), one of the leading omnichannel English language training ("ELT") service providers in China, today announced its unaudited financial results for the third quarter and the nine months ended September 30, 2021. Q3 2021 9M 2021 RMB (m) YoY (%) RMB (m) YoY (%) Gross billings 133.1 (41.8%) 481.1 (6.4%) Revenues 187.9 (36.9%) 599.2 (10.4%) General adult ELT 40.7 (64.3%) 187.0 (17.7%) Online ELT 76.4 0.3% 208.6 (10.3%) Overseas training services 42.7 (6.0%) 119.6 38.4% Junior ELT 24.8 (58.7%) 73.1 (36.5%) Gross Profit 64.0 (49.1%) 201.0 (7.0%) Gross Profit Margin 34.1% -
SHENZHEN, China, Nov. 10, 2021 /PRNewswire/ -- Meten Holding Group Ltd. ("Meten Holding Group" or the "Company") (NASDAQ: METX), one of the leading omnichannel English language training ("ELT") service providers in China, today announced that it will report its financial results for the third quarter of fiscal year 2021 on Monday, November 22, 2021, before the U.S. markets open. The Company's management will host an earnings conference call at 8:00 am U.S. Eastern Time on November 22, 2021 (5:00 am Pacific Time/9:00 pm Beijing Time) to discuss the financial results. To attend this earnings conference call, please use the information below for dial-in access. Dial-in details for the conferen
SHENZHEN, China, Aug. 18, 2021 /PRNewswire/ -- Meten EdtechX Education Group Ltd. (NASDAQ:METX) ("Meten EdtechX" or the "Company"), one of the leading omnichannel English language training ("ELT") service providers in China, today announced its unaudited financial results for the second quarter and the first half year ended June 30, 2021. Q2 2021 HY 2020 RMB (m) YoY (%) RMB (m) YoY (%) Gross billings 172.6 7.3% 348.0 22.0% Revenues 204.8 8.2% 411.3 10.9% General adult ELT 79.3 38.3% 146.3 29.3% Online ELT 60.9 (23.1%) 132.2 (15.4%) Overseas training services 37.0 97.4% 76.9 87.5% Junior ELT 23.1 (27.1%) 48.3 (12.4%) Junior ELT- under "Meten" brand 21.4 256.3% 39.2 269.3% Junior ELT- under "
SHENZHEN, China, Aug. 11, 2021 /PRNewswire/ -- Meten EdtechX Education Group Ltd. (NASDAQ:METX) ("Meten EdtechX" or the "Company"), one of the leading omnichannel English language training ("ELT") service providers in China, today announced that it will report its second quarter of fiscal year 2021 financial results on Wednesday, August 18, 2021, before the U.S. markets open. The Company's management will host an earnings conference call at 8:00 am U.S. Eastern Time on August 18, 2021 (5:00 am Pacific Time/8:00 pm Beijing Time) to discuss the financial results. To attend this earnings conference call, please use the information below for dial-in access. Dial-in details for the conference cal
SHENZHEN, China, May 20, 2021 (GLOBE NEWSWIRE) -- Meten EdtechX Education Group Ltd. (NASDAQ:METX) ("Meten EdtechX" or the "Company"), one of the leading omnichannel English language training ("ELT") service providers in China, today announced its financial results for the first quarter ended March 31, 2021. Q1 2021 RMB (m)YoY (%)Gross billings175.440.9%Revenues206.613.8%General adult ELT67.020.0%Online ELT71.3(7.5%)Overseas training services39.979.2%Junior ELT25.37.4%Junior ELT- under "Meten" brand17.8286.3%Junior ELT- under "ABC" brand7.5(60.6%)Gross Profit70.893.8%Gross Profit Margin34.3%14.2 pptsAdjusted net loss1(53.2)46.9% 1Non-GAAP measure. For more information about non-GAAP fin
SHENZHEN, China, April 26, 2021 (GLOBE NEWSWIRE) -- Meten EdtechX Education Group Ltd. (NASDAQ:METX) ("Meten EdtechX" or the "Company"), one of the leading omnichannel English language training ("ELT") service providers in China, today announced its financial results for the fiscal year ended December 31, 2020. FY 2020 RMB (m)YoY (%)Gross billings721.2(52.3%)Revenues897.0(38.0%)General adult ELT333.5(57.5%)Online ELT289.711.3%Junior ELT130.3(22.4%)Gross Profit Margin32.3%(15.5ppts)Loss from operations(400.8)76.0%Adjusted net loss1(319.4)218.5 1Non-GAAP measure. For more information about non-GAAP financial measures, please see the section captioned "About Non-GAAP Financial Measures" at
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