The Bay Area is currently home to only 91 edtech companies. Kologrivaya: The EdTech market is primarily dominated by huge companies like New Oriental, TAL Education, Tarena Intl. The global EdTech industry will evolve at a fast-forward pace. The company additionally listed 20 global edtech unicorns (a startup or company valued at over $1 billion), of which nine come from China, two from India, eight from the US and one from Canada. Why Chinese Edtech Currently Seems Unstoppable. This is a growing, and evolving, industry. https://www.thetechedvocate.org/10-largest-edtech-companies If you are currently involved in education and haven’t been paying attention to China, now is the time to do so: China is home to the world’s largest education companies by market capitalisation— with TAL Education Group (US$17.7 billion) and New Oriental (US$11.3 billion) taking out first and second place globally. As of 3 January 2021, there are now 19 EdTech Unicorns around the world who have collectively raised over $13.7 billion of total funding in the last decade and are now collectively valued at $64B+. Hujiang was founded in 2001, as a BBS (bulletin board service) community offering online courses, but has since then expanded to offering a wide range of online educational programs, including international and domestic exam prep, foreign language … Zuoyebang is a titan in China's ed tech industry. Warburg-backed Chinese edtech firm eyes $300m in US IPO, sources say “ Zhangmen, a Warburg Pincus-backed Chinese online tutoring platform, … The list of companies is based on my years of experience working in the China EdTech space and is by no means comprehensive. Chinese Edtech Has Exploded in 2018. Another way for EdTech or education companies in China to go global is through mergers & acquisitions. So many startups and established companies are competing in this market where people are willing to pay for education and services. According to a study from HolonIQ, in 2018, Chinese startups received over 50 percent of all global capital invested in EdTech. Today, Alibaba is an e-… Currently, I’d say the most internationalized EdTech companies from China are NetDragon, HelloTalk, Agora, MakeBlock, and DJI. According to the South China Morning Post, the investment in Chinese AI-focused companies now accounts for nearly half of all global AI funding. Currently, I’d say the most internationalized EdTech companies from China are NetDragon, HelloTalk, Agora, MakeBlock, and DJI. It acquired Israeli game-based learning startup CodeMonkey one year ago. On the other hand, many of the battle-tested educational technologies can be exported from China via B2B models to power other education institutions and companies. Based on my experiences in the EdTech field, I’d like to give an overview of China’s EdTech companies that are competing in markets outside of China or can potentially expand outside of China, and assess which ones have a good chance of succeeding globally. It has acquired American education social networking company. New York trails behind with 117 edtech companies. ALO7(my ex-employer) offers a complete solution to power schools that focus on English language learning. Education is taken seriously in China. As the competition is so fierce in China, going abroad can provide new growth opportunities for EdTech companies from China. Ai ZuoYe(literal translation from Chinese to English is Love Homework) app uses any smartphone camera to scan math homework sheets, check and show answers. https://kr-asia.com/video-these-are-chinas-most-valuable-edtech-startups China’s Ed-Tech start-ups go from strength to strength. Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. This is up over 400% in funding terms, and 18% in deals year-over-year. Where will it go next? An edtech company that offers online and offline training of … In 2018, the EdTech companies in the country raised funding of more than USD 1.50 billion. In contrast to standardized numerical tests, these apps compile an outline of an individual’s competence that includes all the problems the learner has mastered. Edtech platforms are targeting the labor force with practical classes such as programming, animation, and design. 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Educational tools and services have been especially popular for Chinese parents who want to give their children as much of an advantage as possible. Learn more in this video about China’s most valuable edtech startups, as of January 2021, according to the Global Edtech Unicorns list by HolonIQ. This pushed Yuanfudao ahead of Byju as the world’s most valuable edtech company. CodeMonkey teaches children computer coding. Nonprofits Boards Are Very Rich And Very White, Is It Fair To Tell Founders “Just Execute And You’ll Be Fine?”. Another, Meten International, a Chinese provider of English-language training services, was acquired last April by Europe-based EdtechX Holdings, the first edtech-focused SPAC. The next China EdTech IPO in New York should be coming this week. Six of the top ten EdTech Unicorns are from China. The market has seen so much capital inflow and many innovative models and technologies deployed. It recently opened up an Olympus math academy in Silicon Valley. Asia Pacific is anticipated to register the fastest CAGR of 20.8% from 2020 to 2027. It was designed in 2008 after over five years of research by alumni from Harvard, Cambridge, MIT and IIM Ahmedabad. Another popular online learning app in China is Yiqizuoye, which is backed by Singapore’s Temasek. The Chinese tech giant that's perhaps best known across the English-speaking world is Alibaba, the world's largest e-commerce company. Chinese Edtech Company iLearning Education Group Obtains Series D+ Financing from Tencent Beijing-based education technology company Aixuexi or iLearning Education Group (formerly Gaosi Education Group) has obtained a strategic series D+ round of financing from internet giant Tencent, the company has announced recently. December 29, 2020 5:23 pm UTC, Darren Sinden. And the number of EdTech companies coming out of China is increasing. CCtalk is the multifaceted online learning platform for Hujiang EdTech, another leading company in the Chinese education market. I believe innovative hardware-based STEM startups out of Shenzhen, China have the most potential of making big impacts abroad in the B2C market as they can develop affordable products and iterate very quickly in Shenzhen, the world capital of smart hardware supply chain. The U.S. is the runner up with 38%. Why without a clear strategy, your innovation may go off track. Its business model also extends to B2G. The app is developed by Hangzhou-based. The offering consists of digital curriculum content publishing, teacher courseware, parent/teacher communication tool, student homework system, and live tutoring platform along with native English-speaking tutor staffing service. NetDragon Education, based in Fuzhou, builds a global K12 education community network, ecosystem, and online education platform. Edtech startups were one of the most sought-after portfolios for China-focused investors in 2020. Since the deal, though, the price of its stock has dipped 80 percent . China took in more money than any other country, even when combining investments worldwide. China EdTech companies listed in US stock market include New Oriental, Tomorrow Advancing Life (TAL), Tarena (TEDU), 51Talk, and China Distance Education Holdings (CDEL). As per data from education research firm HolonIQ, investment in edtech firms in China reached USD 10.2 billion in 2020. .css-1u2pdc2{color:inherit;display:inline-block;}.css-1u2pdc2:hover,.css-1u2pdc2[data-hover]{-webkit-text-decoration:underline;text-decoration:underline;}Moulishree Srivastava. And in fact, the majority of Chinese students still goes to free public schools. In addition, China is home to some of the wealthiest edtech startups like the $3 billion tutoring company VIPKids, which teaches English in an online format. As a recent round-up of financing deals for edtech companies around the world from Audrey Watters notes, "half of the top funding rounds so far this year have gone to Chinese online education companies. This is the first non-Chinese acquisition TAL has done. Chinese edtech behemoth Yuanfudao raises its third financing round in 2020. I predict one particular rising sector will be the virtual online classroom platform where these companies have a lot of experiences of running online class platforms and dealing with unstable network connections in & out of China and across the Pacific for supporting US-based tutors to tutor Chinese students. The top three unicorns were all tutoring companies, with Chinese platform Yuanfudao coming first followed by Byju’s from India, and China’s Zuoyebang. While the above often leaves room for interpretation, the country’s investment in AI technology so far has been fairly explicit. A digital media company reporting on the most promising technology-driven businesses and trends in the world's emerging markets. Challenges remain as data privacy policies and regulations can be very different from countries to countries or even states to states. Shein has figured out how to adapt to hostile circumstances. Chinese online education platform Yuanfudao has raised $300 million in a new funding round, reportedly bringing the overall funding of the Beijing-based company to roughly $3.5 billion. It’d be beneficial for investors, education and EdTech companies outside of China to explore collaboration with promising companies from China. Hou Jianbin, the founder and CEO, knows what it takes for a rural kid to make it, accepted to Peking University and majoring computer science and management. As the sector matures, companies with substantial revenue growth are expected to attract greater funding and differentiate themselves from the newly entered market players. The XSEED Method, also known as the 5-step experiential learning approach, is XSEED’s approach to teaching and learning. By September 2016, 120 education companies were listed in the New OTC Market. As Navitas Ventures reported in 2018, Beijing currently has the highest concentration of edtech companies per capita globally, including 120 companies operating in the edtech sector. China’s AI industry must remain wary of dependence on its government contracts, and prove commercial viability in the private sector. Edtech companies like Onion Academy, a Chinese provider of AI-powered STEM classes, use it to deliver customized courses to address each student’s needs. Yahoo co-founder Jerry Yang bought the stake for $1 billion in 2005, in exchange for a 40% ownership of Alibaba at the time. Venture capital infusion in the fastest-growing Edtech companies, or Edtech Startups if you would, particularly in the US, China & India, points to the formation of parallel growth sectors between the West and Asia. It acquired Boston-Tel Aviv mobile-first and AI-powered online test preparation and admissions services startup company Ready4, Inc earlier this year. In 2018 more than half the money form edtech venture capitalists went to Chinese edtech companies. XSEED Education is an education company headquartered in Singapore, founded by Ashish Rajpal. He now helms Zuoyebang, a $10 billion ed tech company, and announced a $1.6 billion funding round in late December. A unicorn startup or unicorn company is a private company with a valuation over $1 billion USD. TAL Education, based in Beijing, is the most valuable education company in the world with a market cap of over 26 billion USD. It has the ambition that “Made in China” is now transforming to “Created in China, Made for World”. Which Chinese EdTech companies are at the forefront of this industry? Just think of how many hours of checking homework will be saved for teachers and parents. For most students, the national college entrance exam, commonly known as Gaokao, is seen as a way to get into a great university and by extension, the path to a successful life. This list of companies and startups in China in the education space provides data on their funding history, investment activities, and acquisition trends. Just like in China, the ‘sea turtles’ of Indonesia who return after lengthy stays abroad play significant roles in building new ventures in Southeast Asia. Xuebajun, an K-12 education app that received $200 million in funding since it was founded in 2013, is reportedly insolvent. the most active EdTech market in the world, programmable robots and drones for education, Disney+: bad for Disney, bad for consumers… but their only choice left, Analysis of the Amazon Go Platform and Its Implications on Large Format Grocery Stores, Watch Yourself: The Techlash Comes To YouTube. Chinese Edtech Platform Jiliguala Nets $100m Series C from Tencent, Others By DealStreetAsia / Jan 19, 2021 01:51 PM / Finance Shanghai-headquartered online English learning platform Jiliguala on Monday announced the completion of its nearly $100-million Series C round from investors including Chinese tech giant Tencent. Yahoo famously owns a 15% stake that's valued at over $30 billion--far more than Yahoo's core business is now worth. To watch other videos by KrASIA, please visit our YouTube channel. In a sign of how radically their fortunes have changed, Alibaba has considered acquiring Yahoo in recent years. Written by .css-15jcovi{-webkit-text-decoration:underline;text-decoration:underline;display:block;}@media screen and (min-width: 48em){.css-15jcovi{display:inline;}}James Chan .css-1dheh79{margin-left:5px;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;margin-top:30px;}@media screen and (min-width: 48em){.css-1dheh79{margin-top:0;}}Published on 28 Jan 2021.css-1pzjc6w{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;-webkit-appearance:none;-moz-appearance:none;-ms-appearance:none;appearance:none;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;-webkit-transition:all 250ms;transition:all 250ms;-webkit-user-select:none;-moz-user-select:none;-ms-user-select:none;user-select:none;position:relative;white-space:nowrap;vertical-align:middle;outline:none;width:auto;line-height:inherit;border-radius:0;font-weight:600;height:32px;min-width:0;font-size:24px;padding-left:1rem;padding-right:1rem;background:none;color:inherit;margin:0;padding:0;margin-left:8px;}.css-1pzjc6w:focus,.css-1pzjc6w[data-focus]{box-shadow:0 0 0 3px rgba(66, 153, 225, 0.6);}.css-1pzjc6w[disabled],.css-1pzjc6w[disabled]:focus,.css-1pzjc6w[disabled]:hover,.css-1pzjc6w[aria-disabled=true],.css-1pzjc6w[aria-disabled=true]:focus,.css-1pzjc6w[aria-disabled=true]:hover,.css-1pzjc6w[data-disabled],.css-1pzjc6w[data-disabled]:focus,.css-1pzjc6w[data-disabled]:hover{opacity:0.4;cursor:not-allowed;box-shadow:none;}.css-1pzjc6w:hover[disabled],.css-1pzjc6w[data-hover][disabled],.css-1pzjc6w:hover[disabled]:focus,.css-1pzjc6w[data-hover][disabled]:focus,.css-1pzjc6w:hover[disabled]:hover,.css-1pzjc6w[data-hover][disabled]:hover,.css-1pzjc6w:hover[aria-disabled=true],.css-1pzjc6w[data-hover][aria-disabled=true],.css-1pzjc6w:hover[aria-disabled=true]:focus,.css-1pzjc6w[data-hover][aria-disabled=true]:focus,.css-1pzjc6w:hover[aria-disabled=true]:hover,.css-1pzjc6w[data-hover][aria-disabled=true]:hover,.css-1pzjc6w:hover[data-disabled],.css-1pzjc6w[data-hover][data-disabled],.css-1pzjc6w:hover[data-disabled]:focus,.css-1pzjc6w[data-hover][data-disabled]:focus,.css-1pzjc6w:hover[data-disabled]:hover,.css-1pzjc6w[data-hover][data-disabled]:hover{background:initial;}@media screen and (min-width: 62em){.css-1pzjc6w{font-size:18px;height:24px;}}. 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