China Online Education Group (51Talk), a global education platform with core expertise in English teaching, on June 24 announced that it would split its English tutoring businesses in the Chinese mainland.
"With the adjustment of our business, New Oriental has decided to donate new study desks and chairs to primary and secondary schools in rural areas, having donated nearly 80,000 sets so far," Michael Yu posted.
New Oriental Education schools in Hangzhou and Shanghai also announced they would provide one-month free courses for WSE students in those locations.
The last three years since the 2018 crackdown on Beijing’s after-school tutoring industry have seen frustration at the industry’s poor habits eventually reach a climax.
Multinational ed-tech unicorn Duolingo held a media conference in Beijing on Aug. 28 to celebrate the anniversary of its entry into China.
Palfish has raised $120 million in a series C round financing, led by dianping.com Founder Zhang Tao and FutureX Capital.
Youdao, the online education subsidiary of Chinese tech giant NetEase, made its debut on the New York Stock Exchange late on October 25.
Chinese online education giant VIPKID has secured commitment from Tencent to lead the company’s latest round of financing.
“Congrats to VIPKID for being the only Chinese company to be listed in the ‘2019 Best Places to Work‘ rankings published by Glassdoor,” said venture capitalist and technology executive Kai-Fu Lee who has been backing VIPKID since its foundation in 2013 through a post on WeChat.
“The degenerate behavior of women is what’s causing China’s degeneracy.”