For Chinese K12 online education companies, this June has been unnervingly quiet due to tightening regulation targeting the online education industry.
On the evening of June 27, Larry Chen, CEO of Gaotu Techedu, issued a document in response to recent public suspicions about the company.
Zhang Yiming, the 38-year-old founder of ByteDance, donated 500 million yuan to his hometown of Longyan, in Fujian Province. This is his latest donation amid government scrutiny of the education sector, the Longyan Education Bureau announced on Tuesday. In September last year, Zhang Yiming donated 10 million yuan to Yongding No.1 Middle School – which […]
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.
Video platform iQiyi recently launched "iQiyi Education" to the App Store, dedicated to providing children's animation, audio books and online classes, in addition to other content and services.
Zhangmen Education on Tuesday officially went public on the New York Stock Exchange under the ticker symbol "ZME" in the face of tightening restrictions on e-learning platforms from Chinese market regulators, following complaints about improper business practices.
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.
Chinese online education platform GSX Techedu is shutting its early education unit and cutting jobs as Beijing escalates a campaign against the country’s burgeoning after-school tutoring sector, multiple media outlets reported.
Chinese online education startup VIPKid admitted that it has recently enacted a series of personnel adjustments but denied cutting 50% of its staff members across various departments
The Beijing Municipal Bureau of Market Supervision and Administration on Monday imposed the maximum possible penalty on online education platforms Zuoyebang and Yuanfudao for unfair competition and misleading consumers.
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.
China’s leading online after-school education company Zuoyebang was listed among the MIT Technology Review’s 10 Breakthrough Technologies (TR10) in the “Remote Everything” segment on Feb. 26.
If a tutor is defined as providing assistance to a student on academic tasks such as homework, projects, test preparation, papers, research and personal development, one might consider Confucius one of the first tutors in China. Besides establishing ethical, moral, and social standards, Confucius impressed the value of education unto Chinese civilization for millennia to […]
Chinese online education startup Zuoyebang raised $1.6 billion in a recent round of financing.
Chinese esports ‘total solutions provider’ VSPN (Versus Programming Network) has raised close to $100 million in its latest Series B round of financing.
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.
Yuanfudao, an online tutoring platform based in Beijing, will complete a $1.2 billion round of financing with its post-investment valuation possibly exceeding $13 billion.
Palfish has raised $120 million in a series C round financing, led by dianping.com Founder Zhang Tao and FutureX Capital.
Chinese online learning platform Zuoyebang announced on Monday it raised $750 million, demonstrating continued investor interest in China’s online education technology ecosystem.
Huya, a leading video game live streaming platform in China, apologized for its mistake in including game marketing in one of its education service function.