2017 下半年并购热情不减。据公告披露，下半年一共涉及 7 家上市公司， 教育领域涉及幼教、国际教育、K12 课外培训、教育信息化、职业教育多 个教育细分领域，但以 K12 和幼教为主。其中百洋股份收购火星教育已 于 2017 年 8 月完成，2017 年可顺利并表。*ST 并购奥威亚过会，顺利完 成收购问题不大，获将 2018 年完成并表，秀强收购培基教育仍在进行中。 科斯伍德收购龙门教育处于停牌中

社会发展行业变迁，人才需求从量往质转变推动职教行业持续发展。看过去，职 教行业的起源是伴随着洋务运动带来的工业发展进而带来技能人才缺失，经过数 十年的发展职教行业痛点一直为解决专业人才数量缺失；看当下，企业用人缺口 与应聘者求职压力大成求职市场核心问题，技能人才供给与企业需求不匹配，专 业人才结构性、适应性缺失且难以在短期内修复的问题成为当下职教行业核心痛 点，推动职教行业持续成长。根据我们测算，2020 年职业教育行业规模有望达到 1.1 万亿元（cagr16-20:13%），其中以 IT、财会类职业技能培训规模增速相对较快 （YOY20%以上），在职教行业后续发展中有望率先突围。

本期广证恒生新三板教育指数下跌 0.32%，落后三板成分指数 0.93个百分点，领先三板做市指数 0.08 个百分点。本期最受关注的当属教育行业中报季收官，包括创显科教、络捷斯特、新东方网、和君商学、龙门教育、高思教育、华图教育、世纪明德、传智播客等多家细分领域头部企业年中报告业绩亮眼；国务院要求中小学设置人工智能相关课程，推广编程教育。

全日制学校的扩张中非常重要的一个难点是拿地问题，而地产公司很大程度上可以从拿地问题上和政府资源上帮助全日制学校的扩张。目前全国全日制学校集团大部分仅具有区域性影响，而未来若出现具有全国性影响的全日制学校连锁集团，较大概率就是通过“地产+教育”模式发展起来的。

Schools where teaching is done primary through online methods and where physical interaction between teachers and students are supplementary are called as virtual schools.In this report, Technavio covers the present scenario and growth prospects of the

virtual schools market in North America for 2017-2021. To calculate the market size,the report considers student enrollments in the for-profit virtual schools in the kindergarten to grade 12 (K-12) segment. The report does not consider the student enrollments in the non-profit virtual schools.

Soft skills can be broadly categorized into three segments: character, interpersonal skills, and critical and creative thinking. Soft skills play a crucial role in enabling individuals to communicate effectively, manage a team with good interpersonal skills, and solve problems.The growing need for skill development is driving the global soft skills training market. As companies are expanding their businesses, they are facing global and regional competition. The surge in the competition levels has led educational institutions and companies to adopt training programs for students and employees.As learning models evolve and diversity of learners increase, a growing number of educational institutions are allotting more time and resources to enhance the soft skills of students.

In medical education, physical examination is an essential element of learning to provide students with a hands-on experience and enable them to learn accurate clinical diagnosis. However, medical education requires a high level of self-regulated learning. Owing to the extensive preclinical education involved, students find it challenging to memorize and retain knowledge pertaining to clinical study material. In addition, many of the universities also have limited teaching resources. Despite these challenges, medical educational institutions across the globe have been successfully delivering excellent workforce of physicians and medical professionals.

017 年 8 月 16 日，培生宣布已将旗下的环球雅思出售给朴新教育，目前双方已完成交易，预计本次交易将为培生带来约 8000 万美元的现金收益。环球雅思作为国内知名的英语培训机构，与华尔街英语均为培生在中国主要的英语培训业务。2016 财年，环球雅思营收约 6.3 亿元人民币，运营亏损约 3442 万元人民币。

直播互动教育发展主要驱动力：其一，优质资源分配不均，三四线城市需求亟待释放；其二，底层技术成熟、创业市场融合创兴、消费主体变更等共同推动直播互动教育发展；其三，直播互动教育有利于流量变现。

BPO is the process of subcontracting the functions of an organization such as human resource (HR), finance and accounting (F&A), customer relationship management (CRM), and supply chain management (SCM) to a third-party vendor that has expertise in the required domains. RPO is the partial outsourcing of HR functions to the recruitment-related outsourcing service provider. BPO is a strategic decision made by top executives of organizations in several industry verticals. RPO is also a strategic decision taken by the top-level executive of HR function or corporate. It is an effective strategy to build a high-performance organization. Client companies outsource recruitment processes for cost reduction and superior operational efficiency.