Daily Brief Thematic (Sector/Industry): Education Sector YTD: Volatility in Public Equities and more

In today’s briefing:

Education Sector YTD: Volatility in Public Equities, PE Stalking with Take Private Offers
Chinese Carmakers Ship More Workers Abroad for Expansion, White Paper Says
GEMWeekly (24 Nov 2023): Thailand, China, Indonesia Macro; TSMC, Baidu, Alibaba

Education Sector YTD: Volatility in Public Equities, PE Stalking with Take Private Offers

EdTech Market Volatility: Docebo and Tribal Group report significant YTD gains of +27% and +32%, while Janison and LTG Group face steep declines of -59% and -45%.
AI Disruption and Adaptation: Chegg introduces a GPT-style assistant in response to AI challenges, while Duolingo excels with 83.1M monthly users, expanding beyond language tuition.
Shifts in Private Funding: Private EdTech funding declines in 2023, with strategic investors and family offices driving deals, amidst a broader reduction in venture capital investments.

About 70% of more than 20 Chinese carmakers with a presence outside of China are expected to see an uptick in the number of employees sent to work overseas in 2023, reflecting their increased bet on international expansion as they face intensifying competition at home.
That’s an estimate from a white paper jointly published Monday by three subsidiaries of New York-based risk adviser Marsh McLennan.
It came against the backdrop of China having overtaken Japan as the world’s largest car exporter by volume earlier this year.

The Global Emerging Markets Weekly provides a summary of the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.
Macro data points: Thailand GDP growth, China GDP targets, Indonesia interest rates.
Companies mentioned: Taiwan Semiconductor (TSMC) (2330 TT), Baidu (9888 HK), Alibaba Group Holding (9988 HK)

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