Benzinga | Aug 7, 2020 07:30AM EDT

Ambow Education Shares Higher in Premarket After Co Announces Next-Generation Online Education Platform

Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE:AMBO) announced the official launch of Huanyujun Education Hub ("Huanyujun"), a next-generation online-to-offline education SaaS platform, bolstered by Ambow's proprietary technology-enabled solutions,dedicated to addressing the elevated demand for a dynamic learning environment amidst the new conditions brought about by the global pandemic.

Huanyujun, which consists of education institutes/teachers, students and shared class rooms, integrates online resources (panoramic live streaming) with off-line resources (physical classrooms and teachers). The platform offers educational services such as career planning, classroom sharing, online courses, and a variety of tools that support offline learning, drawing on the following technologies:

Ambow Panorama Digital Teaching System, which supports a dual-teacher, real-time teaching environment;Space management system powered by Ambow's Smart IoT Engine; andAmbow AI-empowered Learning Engine, which includes teaching and administration management platforms.