TOP Education, based in Sydney, is one of the 42 institutions in Australia on China’s ‘white list’ of trusted education providers for Chinese students, the Jiayou Shewai Jianguan Xinxi Wang.
Minshen Zhu, founder of TOP Education, said that the two companies working together “will encourage closer Australia-China collaboration in the sector”.
“TOP and PwC will play major roles in helping Australia’s education export sector grow through a reputation for quality and innovation,” he added.
TOP Education provides undergraduate and postgraduate degrees in business and is the only non-university institution offering Australian law degrees.
“This investment in an alliance with TOP Education positions us to capitalise on the rising demand from China for Australian tertiary and executive education services”
In addition to the investment, the two parties have agreed upon a long-term alliance, which will include PwC creating initiatives, such as digital education solutions and tertiary student career development, for TOP Education.
“This investment in an alliance with TOP Education positions us to capitalise on the rising demand from China for Australian tertiary and executive education services,” said Kai Zhang, PwC Australia’s China practice leader.
The acquisition will also strengthen PwC’s focus on international education.
“Australia needs the services sector to step up and fill the gap left by the slowing demand for commodities,” said Tom Seymour, financial advisory leader at PwC. “Education-related exports present one of the most promising areas for growth.”