Hong Kong Xu Kun International Enterprise Management Co; Ltd completed the acquisition of unknown stake of Hong Kong Victor International Enterprise Management Co; Limited from Victor Group Holdings Limited.

Victor Group Holdings Limited is an Australia-based company that is engaged in providing Software-as-a-Service (SaaS) and Platform-as-a-service (PaaS) solutions. It is also building and operating cloud-based platforms for education and remote office applications and providing cloud-based e-learning solutions for educational institutions, students and parents. Its education cloud platforms are digital educational resources enabled by cloud computing and other technologies. It connects with online learning spaces and intelligent terminals to provide users with various supporting functions for teaching, learning, research, administration and social interactions, thereby facilitating a full and deep integration of information technologies and learning. It also provides SaaS, IaaS & PaaS solutions to customers, building and operating education cloud platforms, which bring together resources and applications from strategic partners, such as education service and e-learning content providers.