Job Discussion Forums

[roadwalker]

I'd guess that some language school owners make a lot of profit while many don't, similar to other businesses. It is also possible that the school is used to launder money for tax purposes or to explain windfalls from illegal activities, especially if the owner wants to send money overseas, or emigrate. There seem to be a lot of businesses in China that don't have a lot of customers yet remain open. Jewelry shops come to mind. I've heard many are fronts for obscuring the source of funds.

[sharpe88]

If you do the math, profit margins are very high. The article talked mostly about foreign book publishers being restricted. If language mills are going out of business, maybe it's because they're language mills? And without a marketing machine like EF, NewOriental, etc. they can't sustain a crappy service forever

[kungfuman]

Training centers make a ton of money. Managing it correctly is another story.

[wangdaning]

I can only imagine the amount of rent many of these training centers have to pay. That alone must dig deeply into profits.

[doogsville]

[wonderingjoesmith]

I see plenty of vacant highrise floors or empty buildings around. I don't know how smart it is to own unoccupied space; i guess applying the desolate sense of loss into some allusive business is understandable. One may even get on the Senzhen Stock Exhange board.

[NoBillyNO]

[Taiwanlight Zone]

"Jewelry shops come to mind."

Yes, I know this thread is a year old but I couldn't resist replying. It reminds me of Taiwan in the 90s, when they had jewelry shops where you went in the back and changed money on the black market. Sometimes the cops were parked outside ...

[The_Kong]