Tencent Leads VIPKID Series E Financing
Chinese online education giant VIPKID has secured commitment from Tencent to lead the company’s latest round of financing.
10/8/20192 min read
Tag: #Online Education
Showing 12 of 48 posts with this tag
New Oriental's Koolearn Online Learning Platform Files for IPO in Hong Kong
Koolearn Technology Holding Limited, an online education company under New Oriental Education & Technology Group Inc., filed for an initial public offering ...
7/18/20182 min read
Wall Street English to Announce Bankruptcy Next Week Following Repeated Closure of Offline Stores
The head of the North China division of Wall Street English, an Italian international adult English training company, has informed its staff about the upcoming bankruptcy of its China business, which will be finalized next week, CBN reported on Thursday.
8/13/20212 min read
China’s Q&A Site Zhihu To Price US Listing at $9.5 Per Share, Sources Say
China’s largest question-and-answer platform Zhihu will price 55 million shares to be issued Friday at $9.5 each, aiming to launch a $522.5 million initial public offering (IPO) in the US.
3/26/20212 min read
Chinese Online Teaching Platform Spark Education Files for Nasdaq IPO
On June 21, China's largest online small-class education firm, Spark Education, submitted a prospectus to the US Securities and Exchange Commission, applying to list on the Nasdaq under the stock code “SPRK”. Underwriters include Credit Suisse, Citigroup, CICC, Futu Securities and UP Fintech Holdings.
New Oriental CEO: 60,000 Laid off Since Nation-Wide Crackdown
Recently, the phrase # New Oriental Education Dismissed 60,000 Employees # became a trending topic on Weibo.
1/10/20223 min read
Alibaba-backed online education giant Zuoyebang downsizes amid tightening policy control
Online education company Zuoyebang reportedly laid off employees and went so far as to cut entire departments due to China’s pressuring policy on the sector. The industry might face the biggest wave of layoffs during this business recession.
6/8/20213 min read
New Oriental to Lay off over 40,000 Employees; Primary and Junior High School Services to Shut Down
Yu Minhong, Founder and Chairman of New Oriental, announced on September 17 that offline enrollment of primary and junior high school subjects would be stopped after the autumn semester.
9/24/20213 min read
From Gold Rush to Minefield: Can the Chinese Online Education Industry Survive Its Darkest Hour?
For Chinese K12 online education companies, this June has been unnervingly quiet due to tightening regulation targeting the online education industry.
7/2/202113 min read
Episode 61: Getting educated on China K-12 tutoring edtech
Episode 61 of Tech Buzz China is on K-12 edtech entrepreneurs, who are seeing their businesses grow instead of shrink in the wake of the coronavirus.
2/24/202029 min read
Toutiao Enters the Online Education Industry with “Gogokid”
Toutiao entered the industry of online English courses for children by launching of a new educational product branded “gogokid”. The developer of this product ...
The Collapse of Chinese Tutoring Industry Sends Businesses Scrambling
Investors in the Chinese Ed-tech industry are now on the edge of their seats. A "double reduction" policy, interpreted as China's crackdown on the private tutoring industry, has plunged the entire sector into an existential crisis.
8/24/20217 min read