ChinaEdu Corporation (ChinaEdu), is a educational services provider in China. The Company's primary business is to provide services to the online degree programs of Chinese universities. Its services for online degree programs include academic program development, technology services, enrollment marketing, student support services and finance operations. ChinaEdu also operates private primary and secondary schools, market and support international post-secondary and English language curriculum programs to established learning institutions, and offer online interactive tutoring services to primary and secondary school students. It has relationships with 11 universities, nine of which are under long-term, exclusive contracts that vary from 15 to 50 years in length. Nine of these universities operate online degree programs. On February 23, 2006, the Company's wholly owned subsidiary, Beijing Hongcheng Liye Technology Co., Ltd, acquired an 80% equity interest in Beijing BCIT. (press)