Meta Data Ltd. (China)

The Company operates as a provider of school education services in China.
Historically, The Company had three primary segments, i.e. OneSmart VIP, OneSmart Young Children Education, and OneSmart Online. Since 2nd quarter of fiscal 2023, The Company classified the business segment into Artificial Intelligent Education (AIE) service and Artificial Intelligent Universe (AIU) IAAS service.
- Artificial Intelligent Education (AIE). The Company has started building a smart training system incorporating virtual reality, artificial intelligence, blockchain and other technologies in order to facilitate the teaching and training process. If successfully developed and implemented, the smart training system is expected to enhance the immersion and interactivity of virtual reality and is suitable for many education and training scenarios.
- Artificial Intelligent Universe (AIU) IAAS. The Company provides software hardware infrastructure (IAAS) to Metaverse business operators or individual users. The IAAS package is targeted to improve the accessibility of rendering modes through cloud computing and edge computing algorithms and computing power to improve the virtual world. Use of spatial localization algorithm, virtual scene fitting, real-time network transmission, GPU server, and edge computing to reduce cost and network congestion.
HISTORY
2017 The Company was incorporated in Cayman Islands on March 10, 2017 under the name OneSmart Education Group Limited .
The Company changed its name to OneSmart International Education Group Limited in November 2017.
2018 The Company s ADSs commenced trading on the NYSE under the symbol “ONE” on March 28, 2018.
In September 2018, The Company acquired 100 equity interest in Tianjin Huaying Education Co., Ltd., one of the largest K-12 after-school education service provider based in Tianjin, China.
2019 In September 2019, The Company acquired 15 equity interest in Shanghai Yousheng Education and Technology Co., Ltd., or Yousheng, a company providing online English tutoring services to young children in China.
2020 In June 2020, The Company step-acquired 85 equity interest in Yousheng and The Company held in aggregate 100 of its equity interest.
In August 2020, The Company acquired the business from Beijing Ruiyipeiyou Education and Technology Co., Ltd., or Ruiyipeiyou, a company providing online math tutoring services to young children in China.
2022 On April 28, 2022, The Company changed its name to Meta Data Limited and its ticker symbol to “AIU”.