Pearson sells Chinese unit for US$80 million

London, 16th August: Last week, London-listed education media service provider, Pearson PLC, announced the sale of Global Education and some associated assets to Puxin Education for US$80 million.

Global Education provides English language training to Chinese students. Pearson stated in a company press release that the sale of Global Education is consistent with the company’s strategic plan of shifting its business from “direct delivery services” to online services.