On November 29, Chinese online education company VIPKid denied the rumors on WeChat saying the company is going bankrupt.
Chinese online education giant VIPKID has secured commitment from Tencent to lead the company’s latest round of financing.
Chinese technology giant Tencent Holdings Ltd. is confirmed to invest $150 million in VIPKid, an online English teaching and education company, according to Chinese media 36Kr.
In episode 47 ofTechBuzz China, co-hosts Ying-Ying Lu and Rui Ma dive into a topic they have been wanting to cover for a while now: Chinese educational technology (edtech).
The rapid technology development has greatly impacted people’s lives. Not only has it changed how people shop, pay, or date, it has also changed how people learn. Online education has come to the forefront in recent years.
On the first weekend after the Chinese New Year, over 20 Chinese teenagers traveled to the U.S. to share New Year’s traditions with their VIPKID English teachers at Disneyland in California.