中国赴美留学人数仍在下降

Core Viewpoint - The Educational Testing Service (ETS) is negotiating to sell its Graduate Record Examination (GRE) and Test of English as a Foreign Language (TOEFL) businesses due to declining test-taker numbers, increased market competition, and changes in U.S. policies affecting international students [3][6][12]. Financial Pressure - ETS has faced financial difficulties, leading to multiple layoffs and the elimination of smaller testing products from its portfolio. The organization reported an annual revenue of $1.09 billion for the fiscal year ending September 2024, with over 80% of this revenue coming from core examination products and assessment services [5][8]. - The effective number of GRE test-takers has halved from 510,000 in 2017 to approximately 200,000 in 2024, while the organization is set to lose about $300 million in revenue after losing the management of the SAT exam [6][8]. Market Challenges - The number of international students enrolled in U.S. higher education institutions has decreased by 1% overall, with a notable 12% drop in graduate-level international students. This decline has resulted in an estimated loss of $1.1 billion in revenue and 23,000 jobs [7]. - The TOEFL and GRE are facing increased competition from other language tests, such as the Duolingo English Test (DET), which gained popularity during the pandemic. The market for language exams is undergoing significant changes, with a shift towards more flexible testing options [10][11]. Potential Buyers - ETS is in discussions with several potential investors, including Hillhouse Capital, Nexus Capital Management, and Veritas Capital, to expand its influence in the Middle East and India. The negotiations focus on the possibility of investing in ETS's commercial division to enhance the market for GRE and TOEFL exams [12][13].