Chinese Post-Secondary Education Company CIBT Closes Round of Financing

Congrats to Toby Chu, a trailblazer in bringing for-profit education to the Chinese market, for closing a $5 million round of financing with the private equity firm Camden Partners. I have met Toby several times and he is the perfect person to bridge the gap between Western and Chinese culture to help eventually create a sizable for-profit education market in China. He already has a great start - his company, CIBT, operates four campuses in Beijing, two campuses in Weifang, one campus in Anyang, and six learning centers in other cities in China. He also offers curricula and joint degrees with U.S. based institutions like WyoTech (division of Corinthian), ITT TEchnical Institute and Western International University (division of Apollo Group).