User:Liunaixin/Yu Minhong

Overview
Yu Minhong (born 15 October 1962) is the founder and current chief executive officer of New Oriental Education & Technology Group Inc. Yu Minhong also is a member of the central Committee of the China Democratic League (COCDL). Yu Minhong is considered one of the twenty-five people that have had the greatest impact on China in the twentieth century. As the owner of one of the largest private educational services, Yu is known as the "richest teacher in China", and "Godfather of English training". [1]

Yu is born in the rural area of China which his family is peasant. Therefore, his childhood was live in poverty. Yi's father is an influential person in his life, because his father's innovation and determination inspired Yu to consistently pursue his dream. In Yu's life, he has overcomes a lot of obstacles. For example, after high school, Yu wants to go to Peking University, but he has two failures of the university qualification exam. Moreover, he has one-year delay of sickness in Peking University. After graduated, he wants to go abroad, but he receives several refusals of oversea studying visas. Although Yu does not have a chance to study abroad and fulfill his American dream, he starts to think to become an English teacher and help Chinese students learning English so that they could go abroad to study. In 1993, Yu founded New Oriental Education (NOE). In the first year NOE only has 30 students in his English class, but after few years ago, New Oriental has grown to become China's largest private education service provider. Approximately 70% of Chinese students who are studying in the United States and Canada now have taken English classes in New Oriental Education. [2] In addition, the online education section, which was developed in the year 2000, has attracted more than 2 million registered users. New Oriental was the first private education company in China that listed on the New York Stock Exchange (2006). [3] Chinese people give a moniker of Yu Minhong which is "the most successful teacher ever", but Yu says he is "still far from being productive". Yu has a greater ambition rather than to be merely wealthy and famous. "My biggest dream is to establish a private university, and for it to be one of China's top educational institutions after 40-50 years of development. When applying for higher education, my dream is for the best high school graduates to take my university into consideration, along with the likes of Tsinghua and Peking University." said Yu. [4]

Early life
Yu Minhong was born in a rural family. Yu helped his father to do farm-work in his childhood. In rural areas of China, a lot of children cannot attend schools because of poverty, but Yu's mother do not want to Yu be a farmer. She encouraged him to go to school. When Yu was in his last year of high school, he had two choices: go back and work as a farmer, or take the university qualification exam to pursue further education. For most children from rural families, going to university seems like a dream. Yu wish to go out of his hometown and experience what he did not experience before. Yi took the exam, and unsurprisingly, he failed due to the lack of knowledge in rural area. In the following year, he tried and failed once more. "I was extremely upset. Most rural students would give up after failing the university entrance exam twice. I also decided to quit, regardless of the fact that I still imagined myself going to university." said Yu.[5] Yu was not defeated by the second failure. His effort finally paid off when he was admitted to the best university in China - Peking University. For Yu Minhong, this was only the first of his miracles. When Yu first entered Peking University, he was placed in a class for sub-standard students, because he cannot speak standard Chinese. Yu found himself a poor student, both financially and academically. In his junior year, he caught pneumonia and had to take a year off. These experiences had a negative influence on Yu's school life. After graduation in 1985, most of Yu's classmates went abroad for further education, Yu began to apply for US universities while teaching English in Peking University. After three years, Yu was accepted by an America University. However, he was refused numerous times of visa. At that time, Yu decided to teach Chinese students English and help them to study abroad.

New Oriental Education
As the largest provider of private educational services in China, New Oriental Education offers educational programs include English and other foreign language training, overseas and domestic test preparation courses, all-subjects after school tutoring, primary and secondary school education, and online education. Based on founder Yu Minhong's groundbreaking vision, New Oriental Education innovative and inspirational instruction combines humorous and interactive teaching techniques with traditional Chinese educational values. [6]

Foundation of New Oriental Education
New Oriental School was established on November 16, 1993. Yu Minhong was the only English teacher at that time. As enrollment at New Oriental School grows larger, Yu Minhong can no longer control the business by himself. He visits to the United States and tries to persuade his former classmates to work with him. One of them, Wang Qiang is a master`s degree graduate from the State University of New York and is also known as a "master in oral English training". "I took Yu Minhong to Princeton University to show him around the campus. To my surprise, almost every Chinese student recognized him. They would call him 'Teacher Yu'. I was amazed to see how famous he was." Said Wang Qiang.[7]

Development of New Oriental Education
With the support and talents of his overseas friends who come back to China, Yu Minhong reconstructs the New Oriental School into the New Oriental Education and Technology Group. In the 2005, New Oriental Education and Technology Group are the largest private educational enterprise in China, of roughly 10.5 million enrollments, 465 learning centers in 44 cities, and 29 New Oriental bookstores in fiscal year 2010. Considering his initial business started with a tutor class of 30 students. Yu created his second miracle. In September 7, 2006, the New Oriental Education and Technology Group are listed on the New York Stock Exchange. Yu Minhong is then labeled as China's richest teacher with 800 million U.S. dollars in assets. He says that the secret to his success is hard work.[8]

Accolades
2009 year He get CCTV Annual Economic Award, In 2011 year, Yu into Forbes listed 1140,In 2012 year, He gets China 20 century famous educator.

Book
《The Relentless Pursuit of Success》

Timeline
1962 Yu was born in JiangYin, 1978 Yu graduate from JiangYin Xiagang Highschool, 1978 and 1979 He was fail in two failures of the university qualification exam. In the 1980, Yu went to Peking University. After graduate, Yu become a professor in Peking University in 1985. In 1993, He Establish New Oriental School. In 2000, He Establish Online New Oriental Education. In 2001, Yu establish New Oriental Education and Technology Group. In 2006, New Oriental Education and Technology Group are list on the New York Stock Exchange.