Canada's Visionary Education Tech sees more revenue from Chinese students

Reuters
·2 min read

SHANGHAI (Reuters) - Canada's Visionary Education Technology Holdings Group said on Tuesday it expects to boost tuition fees over the next few years largely from Chinese students and hopefully earn more revenue from helping them and their families emigrate to Canada.

Canada has long been an attractive destination for Chinese students, and interest could accelerate if more Chinese families plan to move to North America, said Thomas Traves, chairman and CEO of Visionary Group, whose shares debut on Nasdaq on Tuesday.

There have been signs that China's tough Covid policies, which led to the lockdown of Shanghai and other cities, have fuelled discontent with the government among some Chinese, and led to a rise in emigration interest.

"I think that would be a good thing for us. So I'm happy if that is true," Traves told Reuters.

"If there's a demand to look at other countries as a place to live, then we'd be happy to see people come to Canada."

China has reaffirmed its commitment to a tough COVID-19 policy while Canada and many other countries have relaxed restrictions. Since China locked down the city of Shanghai in late March, emigration-focused chat groups have sprung up on China's popular WeChat messaging app.

Traves said Visionary Group's founders, who are Chinese immigrants themselves, have a vision to bolster immigration of students to Canada, and would take advantage of their deep connections to recruit students from China.

The company began its education business roughly two years ago. It aims to recruit several thousand students over the next couple of years, which "will ramp up our revenues very substantially," Traves said. Revenue from the existing real estate business would be stable, he added.

Traves said Canada has seen much greater demand recently from China for either immigration and education, and he sees no slowing down of that trend.

"We're just stepping into the middle of a fast moving river ... and we believe we have the opportunity now."

(Reporting by Samuel Shen and Andrew Galbraith; Editing by David Gregorio)

  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Alberta spring signals another Oilers-Kings NHL playoff showdown

    EDMONTON — There are a few sure signs of spring in Alberta. The snow turns to slush, the Canada geese return to the ponds, lakes and streams, and the Edmonton Oilers and Los Angeles Kings face each other in the first round of the Western Conference Playoffs. The two rivals will meet in the first round for the third season in a row, with the Oilers looking to make it a hat trick of victories. The Oilers rebounded from a 3-2 series deficit to win a seven-game thriller two seasons ago. In 2023, the

  • Best Buy Power Up Sale: Score up to 75% on top tech until Sunday — from Apple, Sony and more

    Save 100s on laptops, tablets, appliances and more during Best Buy's big sale.

  • Tesla Semi trucks in short supply for PepsiCo as its rivals use competing EV big rigs

    Key Tesla customer PepsiCo made initial payments for 100 Tesla Semis in 2017, intending to use the electric-truck fleet to haul its Cheetos, Lays potato chips and Pepsi soda pop to retailers. But according to the food-and-drinks maker and one of its executives with knowledge of the deal, PepsiCo was using only 36 of Teslas promised 100 electric trucks as of this month. The shortfall, which hasn't been previously disclosed, lays bare the challenges for Tesla as it seeks to become a high-volume player in the truck-manufacturing business.

  • Mets release New York-inspired City Connect jerseys

    Yahoo Sports’ Jason Fitz and senior MLB analyst Jordan Shusterman react to the newly released New York Mets City Connect jerseys that pay homage to Queens and New York City. Hear the full conversation on the “Baseball Bar-B-Cast” podcast - and subscribe on Apple Podcasts, Spotify or wherever you listen.

  • Robert Olstein Bolsters Portfolio with a 1% Stake in The Middleby Corp

    Insights from the Olstein Financial Alert Fund's Latest 13F Filing

  • Emma Raducanu beaten by Iga Swiatek in Stuttgart Open quarter-finals as winning run ends

    Reigning world No1 eventually prevails after epic first set in Germany

  • Director Devin Johnson Sells 1,000 Shares of Progressive Corp (PGR)

    Director Devin Johnson has sold 1,000 shares of Progressive Corp (NYSE:PGR) on April 17, 2024, according to a recent SEC Filing.

  • Devin Haney vs. Ryan Garcia preview, prediction: What to expect after wild buildup

    When Devin Haney and Ryan Garcia finally end their feud with fists Saturday night, it has the potential to either be a one-sided beatdown or a surprisingly compelling matchup.

  • NHL PLAYOFFS: West best Dallas vs. defending champion Vegas headlines 1st-round matchups

    All eight first-round matchups in the NHL playoffs are set after the last day of the regular season flipped two of the biggest series in the West. The defending Stanley Cup champion Vegas Golden Knights will open against West top seed Dallas. Connor McDavid’s Edmonton Oilers will face the Los Angeles Kings, a team they’ve defeated each of the past two years in the same round. In the East, the Presidents’ Trophy-winning New York Rangers begin their championship pursuit against Washington. Cup fav

  • Tori Spelling reveals Andy Cohen rejected her from Real Housewives: 'Is it because I'm BROKE?'

    Tori Spelling thinks she may have been rejected from 'The Real Housewives of Beverly Hills' because she is "broke", just weeks after she admitted she has always struggled with managing her finances.

  • Pregnant Vanessa Hudgens has 'never been happier' as she falls 'even more in love' with Cole Tucker

    Vanessa Hudgens has "never been happier" since getting married and becoming pregnant as an insider claims that her husband has "never left her side" throughout the pregnancy.

  • 90210 star Jennie Garth reveals why she married a younger man

    Jennie Garth married a younger man because she needed someone to "keep up" with her in life.

  • The 17 best restaurants in London

    The London restaurant scene is one of the world's best, and it runs the gamut from great British institutions that have been around for decades to trendy no-reservations spots that open faster than you can keep track of. It should come as little surprise that innovative and impressive chefs from all over the world are keen for a place at the (dinner) table here. Pull up a stool at a long steel counter to watch as Northern Thai dishes are cooked over open flames, sink into your leather booth and

  • Why London remains one of Europe's best city breaks – and how plan the perfect weekend

    Having it all is most definitely a good thing but it can also be a somewhat overwhelming – where to start? London has so much to offer, for all tastes, budgets and cultural persuasions. There is proper (grisly) history, statement buildings old and new, and world-class museums housed in jaw-dropping architecture. There are wonderful parks dotted, peacefully, throughout the city, markets galore, a thriving culinary scene spanning street food, fine dining and global cuisine that rivals any city in

  • The 17 best bars and pubs in London

    Unsurprisingly, if you want a drink in London you’re spoiled for choice. The question is, what flavour of drink are you after? Something laidback and a little frayed around the edges? Or are you looking for a posh cocktail served on high? From Soho institutions to iconic hotel bars, jazz clubs and classic ale pubs, you can find a tipple for every mood and occasion. Cheers!

  • Emmerdale's Victoria Barton sacked after Eric Pollard demand

    Victoria Barton has been sacked following Eric Pollard's demand in Emmerdale.

  • Home Office stupidity is hindering the Ukrainians’ efforts to defend their homeland

    On a bonny day this week, we climbed the hill which looks down on the port of Dover. The sunlit coast of France was clearly visible, just the sort of weather beloved of illegal immigrants crossing from France. Indeed, 534 of them – a record – crossed in similar conditions last Sunday.

  • The best shopping in London

    It’s tough out there in retail. In order to drag people off the sofa and away from their smartphones, and tempt them out into the real world, stores in London have really started to up their game – so much so that shopping in the city is now as much an experience as it is a necessity, frequently made all the better by some artisan refreshment.

  • Send small boats seized from people-smuggling gangs to Ukraine, MPs demand

    Ministers are under pressure from MPs to allow small boats seized from people-smuggling gangs to be given to Ukraine, where they are desperately needed in its war against Russia.

  • How Britain’s sick note culture made us the West’s most workshy nation

    It’s not an honour to which any nation would aspire but Britain can now boast of being the sick note capital of the West.