English language centre chain Wall Street English has been sold "at a deep discount" by Hong Kong-based Baring Private Equity Asia and CITIC Capital Holdings.

Some of Wall Street English's teaching staff in China claim that ELT teachers may be out of pocket, unemployed and without the paperwork needed to legally get new jobs, as the company has reduced operations in the Covid-19 fallout.

The language teaching sector is not fully harnessing the power of technology, not yet.

English language course provider Wall Street English is expanding in Mongolia, launching a new franchise operation with partner company Metro Development Group Mongolia.

Wall Street English has announced plans to expand into five new markets as the number of prospective learners is set considerably over the next five years.

Wall Street English has announced it is seeking franchise partners in five markets, including in Germany, which it exited in 2016 when it was owned by Pearson.

Wall Street English Thailand is seeking to treble its revenue by 2023 by doubling the number of branches in the country.

Global education company Pearson has announced today that it has sold its ELT chain, Wall Street English, to a consortium of funds in a deal worth close to US$300m.