Disney English will start the refund process

category:Finance
 Disney English will start the refund process


Disney English said in an open letter, in the past few years, we have noticed changes in consumer preferences, more consumers tend to online learning experience, and the global epidemic has exacerbated this trend. Parents have many concerns about resuming face-to-face extracurricular learning courses. As you know, the national Disney English Center has not been opened since January 2020. After careful consideration, the company decided not to reopen Disney English Center.

According to the public information, Disney English was founded in 2009 as an offline English training institution providing English education for children aged 2-12. At present, training centers are set up in Shanghai, Beijing, Guangzhou, Chengdu, Nanjing, Shenzhen, Tianjin, Wuhan, Hangzhou and other places, with nearly 50 offline training centers and more than 100000 trainees.

How to refund?

Disney English said it would refund the remaining tuition fees. From June 26 to July 21, Disney English Center will provide parents with refund service and other related matters.

The refund process is as follows:

Disney English has a pure Disney pedigree. According to the official website, Disney English is a training brand directly operated by Walt Disney Company.

At the other end of the industry chain, Disneys film and television industry is suffering. Mulan, black widow and X-Men: mutants, which attracted much attention, have successively cancelled their release plans, and the film and television projects in the process of shooting and preparation have also stalled due to the epidemic.

Offline cold winter online warm spring

Since the beginning of this year, educational counseling institutions are facing a lot of impact. Many English training institutions are the first to bear the brunt. Since February, many offline education institutions have declared closure.

Previously, it was understood that Beiwai childrens English (Beijing Jiaomen campus) stopped operation due to capital problems, and more than 200 students have paid tuition fees, involving more than one million yuan, but can not be refunded normally. In addition, four direct campuses of sibem childrens growth center in Beijing shut down suddenly.

Earlier, squirrel AI announced that it would suspend the offline course operation of more than 2000 educational institutions and move online. Li Haoyang, founder of squirrel AI, said: determined to be a villain, the salary of the whole staff is 3.5% off 5 months, and the salary of the core executives is zero. At the same time, online education has gained investment one after another, becoming the plate that various investment institutions are competing for. On February 18, whale foreign teacher Peiyou has completed a round B financing of RMB 100 million, led by COSCO Capital Co., Ltd., followed by Shanhang capital and Qingxin capital, with Taihe capital as the exclusive financial consultant; on February 17, 51CTO, an IT vocational online education and training platform, announced the completion of round C financing of RMB 20 million, which is dominated by Gaocheng capital; on February 12, sardine technology announced its online education The education platform Dingding classroom received an angel round investment of 6 million yuan. Read the annual report of Zhongtai Automobile Co., Ltd. in which more than 10 financial institutions were involved: net profit loss of 11.19 billion yuan in 2019. Source: responsible editor of China Securities News: Zhong Qiming_ NF5619

Earlier, squirrel AI announced that it would suspend the offline course operation of more than 2000 educational institutions and move online. Li Haoyang, founder of squirrel AI, said: determined to be a villain, the salary of the whole staff is 3.5% off 5 months, and the salary of the core executives is zero.

At the same time, online education has gained investment one after another, becoming the plate that various investment institutions are competing for. On February 18, whale foreign teacher Peiyou has completed a round B financing of RMB 100 million, led by COSCO Capital Co., Ltd., followed by Shanhang capital and Qingxin capital, with Taihe capital as the exclusive financial consultant; on February 17, 51CTO, an IT vocational online education and training platform, announced the completion of round C financing of RMB 20 million, which is dominated by Gaocheng capital; on February 12, sardine technology announced its online education The education platform Dingding classroom received an angel round investment of 6 million yuan.