Customers and employees of global adult language training company Wall Street English (WSE) are now seeking legal recourse against the firm in an attempt to reclaim tuition fees and unpaid salaries as it faces bankruptcy.
On July 13th, EST, Jianzhi Education submitted its prospectus to the Securities and Exchange Commission (SEC), eyeing to raise $50 million. The pricing terms were not disclosed.
Chinese online learning platform Zuoyebang raised $750 million, showing continued investor interest in China’s education technology market.
GSX.com issued a statement, claiming Citron's short report Part 3 is "full of false allegations."
Global financial markets are struggling, having been crippled by the COVID-19 epidemic and the amount of VC deals has noticeably decreased.
The past week saw exciting news surface regarding several players in China’s AI and automation space, with one of the most prominent AI unicorns 4Padadigm raising two hefty rounds and adding another $1 billion to its valuation.
Chinese online education platform Yuanfudao has closed a new $1 billion round of financing led by Hillhouse Capital and followed by Tencent, Boyu Capital and IDG Capital.
China’s VC market is coming into its own as the coronavirus outbreak seems to be easing its grip on the country.
On November 29, Chinese online education company VIPKid denied the rumors on WeChat saying the company is going bankrupt.
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.
Beijing-based global leading education startup, VIPKID, announced a strategic cooperation agreement with global educational and trade publisher, Houghton Mifflin Harcourt (HMH) on August 28, making the former the first online education platform to get full access to HMH’s K12 curricula.
VIPKid, the online children education brand has confirmed completion of its Series D+ round of financing with relevant details disclosed.