Wall Street Transcript Interview with China Distance Education Holdings Limited (DL) Chief Financial Officer Ping Wei

Posted: August 30, 2012 at 8:15 pm


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67 WALL STREET, New York - August 30, 2012 - The Wall Street Transcript has just published its Education Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Enrollment and Retention Trends - Regulatory Risks - Chinese Education Growth Catalysts - For-Profit Institutions - Online Content Distribution

Companies include: China Distance Education Holdings Limited (DL) and many others.

In the following excerpt from the Education Report, the CFO of China Distance Learning discusses the outlook for her company for investors:

TWST: Please introduce our readers to China Distance Education with some history and an overview of the company today.

Ms. Wei: China Distance is a company that was founded in 2000. Today, we are the largest online education company in China

based on the number of paid enrollments on a yearly basis.

We were founded by our Chairman and CEO, Mr. Zhengdong Zhu. The year 2000 was the year of the dot-com. He founded a dot-com company, but at that time he did not believe in the free-content model. He thought that if you were to make money on the Internet, you should offer something that people are willing to pay for. His background was in wireless communication, so he has a strong background in technology, which led him to establish the company chinaacc.com. The name in Chinese means China Online Accounting School.

So he founded the online accounting school in 2000 to offer accounting test-preparation courses and continuing education courses for people who want to pass various accounting exams to obtain certificates or designations for career advancement and for people who want to continue to satisfy continuing education requirements to keep their designations.

Apparently he did something right, because by 2003 the company had grown to over 50,000 annual paid enrollments, and we became cash flow positive that year. From that year on, we've never had a year when we either lost money or were cash flow negative.

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Wall Street Transcript Interview with China Distance Education Holdings Limited (DL) Chief Financial Officer Ping Wei

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August 30th, 2012 at 8:15 pm

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