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ChinaEdu Launches New Educational Online Community and Signs Partnership Agreement With Livemocha

July 20, 2010

BEIJING, July 20 /PRNewswire-Asia-FirstCall/ — ChinaEdu Corporation
(Nasdaq: CEDU) (“ChinaEdu” or “the Company”), a leading educational services
provider in China, today announced that it has updated its corporate website,
http://www.chinaedu.net , to incorporate its new online learning community for
adult students, which will undergo continuous update and development. In the
meantime, it has signed a partnership agreement with Livemocha.

ChinaEdu’s online learning community for adult students currently serves
the Company’s students with a series of social network services centered
around their online colleges, classes and academic disciplines. Other content
such as skills training and test preparation will also be added in the future.
ChinaEdu also intends to broaden its reach to all adult students. Under the
Company’s agreement with Livemocha, ChinaEdu will act as a sales
representative for Livemocha in China through the learning community for a
period of three years. Livemocha’s award-winning online language learning
course, Active English, will be promoted through http://www.chinaedu.net .

Julia Huang, Chairman and CEO of ChinaEdu, said: “We have seen a
fundamental shift in English language learning, moving from traditional brick
and mortar learning methods to innovative online courses. We are excited to be
working with Livemocha, which provides a social approach to online English
language learning. Its award-winning Active English course, combined with a
learning community of over six million members, gives every student the
ability to communicate with native English speakers to improve their English
language skills.”

Shirish Nadkarni, Founder and Chief Strategy Officer of Livemocha, said:
“We are excited about the opportunity to work with ChinaEdu, a leader in
online education in China. Both companies share similar visions in wanting to
bring true innovation to online language learning in China. By working
together, we bring an unrivaled English language learning solution to the
Chinese market.”

About Livemocha

Livemocha is a Seattle-based company that is redefining language learning
by combining dynamic online courses in over 30 languages with the world’s
largest community of native language speakers. Since launching in September
2007
, Livemocha has grown to more than six million members from over 200
countries, underscoring the strong demand for an engaging, collaborative
approach to language learning. There are currently over 375 million people
wanting to learn a language worldwide, and the market is currently estimated
to be over $80 billion, fueled by rapid globalization, immigration and travel.
For more information about Livemocha, please visit http://www.livemocha.com .

Livemocha Active English is an award winning series of 12 interactive
online courses focused on real conversational English. The online courses
range from beginner to advanced levels, and include interactions with a
language community of over six million members worldwide. Each lesson includes
interactions with English native speakers to provide a more engaging and
effective learning experience. Active English was developed in partnership
with Pearson Education, the global leader in educational publishing.

About ChinaEdu

ChinaEdu Corporation is an educational services provider in China,
incorporated as an exempted limited liability company in the Cayman Islands.
Established in 1999, the Company’s primary business is to provide
comprehensive services to the online degree programs of leading Chinese
universities. These services include academic program development, technology
services, enrollment marketing, student support services and finance
operations. The Company’s other lines of businesses include the operation of
private primary and secondary schools, online interactive tutoring services
and providing marketing, support for international curriculum programs and
online learning community for adult students.

The Company believes it is the largest service provider to online degree
programs in China in terms of the number of higher education institutions that
are served and the number of student enrollments supported. The Company
currently has 16 long-term contracts that generally vary from 10 to 50 years
in length. ChinaEdu also performs recruiting services for 18 universities
through our nationwide learning center network.

Forward-Looking Statement

This press release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995, including
certain plans, expectations, goals, and projections, which are subject to
numerous assumptions, risks, and uncertainties. Forward-looking statements
involve known and unknown risks, uncertainties and contingencies, many of
which are beyond our control which may cause actual results, levels of
activity, performance or achievements to differ materially from any future
results, levels of activity, performance or achievements expressed or implied
by such forward-looking statements. The Company’s actual results could differ
materially from those contained in the forward-looking statements due to a
number of factors, including those described under the heading “Risk Factors”
in the Company’s Annual Report on Form 20-F for the year ended December 31,
2009
, and in documents subsequently filed by the Company from time to time
with the Securities and Exchange Commission. Unless required by law, the
Company undertakes no obligation to (and expressly disclaim any such
obligation to) update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.

    For more information, please contact:

    Company Contacts:

     Lily Liu, CFO
     ChinaEdu Corporation
     Phone: +86-10-8418-6655 x1002
     Email: ir@chinaedu.net

     S. Jimmy Xia, IR Manager
     ChinaEdu Corporation
     Phone: +86-10-8418-6655 x1150
     Email: ir@chinaedu.net

SOURCE ChinaEdu Corporation


Source: newswire



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