With almost 400 million students, China is the world’s largest market for educational technology. While the edtech market in China still has a lot of scopes to develop further, many companies have successfully taken advantage of the opportunities available for digitizing education in China.
The country is said to be the world leader in edtech and Chinese edtech companies have been securing more capital than the total amount invested by venture capitalists in edtech companies globally.
Let’s have a look at the Top 10 EdTech Companies in China:
1. Yuanfudao
Founders: Shuai Ke, Xin Li and Yong Li
Founding Year: 2012
Headquarters: Beijing, Beijing
Funding received: US$ 4.1 billion
Investors: IDG Capital, Tencent Holdings, Matrix Partners China, Warburg Pincus, Temasek Holdings, Hillhouse Capital Group, GIC, DST Global, YF Capital, Trustbridge Partners and 8 other investors.
Yuanfudao is an online education company that caters to primary and secondary school students in China. It offers a variety of remote learning products such as live teaching platform Yuanfudao, Zebra AI Class, online question catalog Yuantiku, question searching app Xiaoyuan Souti, and arithmetic problems app Xiaoyuan Kousuan. It claims to be having a user base of around 4 million students and employs over 30,000 individuals. The edtech unicorn also boasts of a large pool of experienced teachers and a unique online interface that enables students to access live online teaching from the comfort of their homes.
2. Zuoyebang
Founder: Hou Jianbin
Founding Year: 2014
Headquarters: Beijing, Beijing
Funding received: US$ 2.9 billion
Investors: New Enterprise Associates, Goldman Sachs, GGV Capital,
Sequoia Capital China, Tiger Global Management, Legend Capital, Alibaba Group, Coatue, SoftBank Vision Fund, Tiantu Capital and 7 other investors
Zuoyebang is an online study platform targeting primary and secondary school students in China. Its platform, driven by artificial intelligence enables students to upload a photo, which the platform examines and matches to questions present on its database. It also provides online courses, homework help and live lessons for K-12 students. Zuoyebang has over 50 million daily active users and more than 170 million monthly active users. The edtech company was established in 2014 by search engine giant Baidu and later spun-off as an independent startup in which Baidu has a stake.
3. Zhangmen
Founder: Yi Zhang
Founding Year: 2010
Headquarters: Shanghai, Shanghai
Funding received: US$ 502.3M
Investors: Warburg Pincus, Shunwei Capital, Fortune Venture Capital, Qingsong Fund, CMC Capital Group, Genesis Capital, VMS Asset Management, Huaxing Growth Capital, CICC Alpha
Zhangmen is an online teaching platform that delivers learning courses to students aged 4 – 18. The company’s major product is an app named Zhangmen Yiduiyi that enables student users to receive one-on-one coaching on all school subjects, from English to Math online. It has over 40 million registered users from across 600 provinces and cities in China. It has also built a multi-terminal online class system for computers, tablets, mobile phones, and TVs, and widely uses big data and deep learning GPU clusters as the basis to unceasingly upgrade and improve the 3.0 intelligent learning system.
4. Huohua Siwei
Founder: Jian Luo
Founding Year: 2016
Headquarters: Beijing, Beijing
Funding received: US$ 443M
Investors: IDG Capital, GGV Capital, Sequoia Capital China, Tencent Holdings, GSR Ventures, The Carlyle Group, Northern Light Venture Capital, Kohlberg Kravis Roberts, Lightspeed China Partners, Hike Capital and 4 other investors
AI-driven online education platform Huohua Siwei caters to K-12 students, focusing on Math & Science. It offers a one-to-many online interactive live classroom (with short strength) and robust interactive games to develop students’ fundamental ability of thinking, concentrating, and other cognitive skills. It has registered 250,000 students, with 85,000 regular users on a daily basis since its inception. The Huohua app is available for both Android and iOS platforms.
5. Codemao
Founders: Tianchi Li and Yue Sun
Founding Year: 2015
Headquarters: Shenzhen, Guangdong
Funding received: US$ 360.4M
Investors: SAIF Partners, Hillhouse Capital Group, Green Pine Capital Partners, Crystal Stream Capital, CMB International Capital Corporation, CITIC Securities, Guangdong Technology Financial Group, Cheetah Mobile, GoldStone Investment, Baring Private Equity Asia and 15 other investors.
Codemao provides coding tools and courses for students to learn visual programming. It uses a cat as a graphical programming tool developed by Shenzhen Point Cat Technology Co., Ltd. Its platform is based on the learning characteristics of children and the concept of modern Chinese education. Students can use graphical coding languages to build projects like games, software, animations, and stories. The product also comes with a cohesive smart platform for schools and teachers to handle teaching and curriculum management.
The blend of technology and other disciplines allow children to quickly understand programming concepts and improve their logical thinking ability and innovative practical ability.
6. Knowbox
Founders: Jia Xiaoming and Liu Ye
Founding Year: 2014
Headquarters: Beijing, Beijing
Funding received: US$ 305.8M
Investors: Alibaba Group, Bertelsmann Asia Investments,
Legend Star, Baidu Ventures, YF Capital, TAL Education Group, Genesis Capital, C Ventures, New World Strategic Investment, Qiangdong Liu
Edtech company Knowbox helps K-12 students with their homework. It has 2 mobile apps that provide customized problems to its students in order to help them get their homework done. Teachers can use Knowbox’s platform to manage their student’s homework in a better manner by avoiding repetitive work and obtaining more time to solve each pupil’s unique problems. The company claims it has around 1 million regular active users.
7. Changingedu
Founder: Liu Changke
Founding Year: 2014
Headquarters: Xuhui, Shanghai
Funding received: US$ 188M
Investors: Sequoia Capital China, IDG Capital, Sequoia Capital China, FREES FUND, Trustbridge Partners, TAL Education Group, ClearVue Partners
Changingedu is an online edtech company education brand that focuses on online tutoring for primary and secondary school students based in China.
By choosing the right teachers and tailoring the curriculum according to the needs of the students, it has been consistently providing more than 10 million hours of teaching services to hundreds of thousands of families across the nation.
8. Hujiang Education Technologies
Founder: Cairui Fu
Founding Year: 2001
Headquarters: Shanghai, Shanghai
Funding received: US$ 187M
Investors: SIG China (SIG Asia Investments), Baidu, China Minsheng Investment Group, Anhui Xinhua Media
Hujiang is a professional e-learning platform, which consists of 4 products namely, a news platform, an online community, online tools and online courses. Since its foundation, the company has actively supported other online education startups by building an effective online education network that aims to benefit them all.
It also works with traditional schools in China to bridge the gaps in the education sector and promote education equality hence giving students access to high-quality educational resources.
9. Kaishu Jianggushi
Founders: Kai Wang
Founding Year: 2014
Headquarters: Beijing, Beijing
Funding received: US$ 153.8M
Investors: Temasek Holdings, Baidu, Trustbridge Partners, TAL Education Group, Qianhai Fund of Funds, Loyal Valley Capital, New Oriental Education & Technology, We Capital, iResearch Capital, Zhejiang Daily Digital Culture, Shanghai Kunyan Investment Management
Kaishuo Jianggushi also known as Kaishu Story, is a Chinese children’s stories content provider. It mainly focuses on children’s stories but also has additional products such as an audio series and online parenting courses.
10. Genshuixue
Founder: Chen Xiangdong
Founding Year: 2014
Headquarters: Beijing, Bejing
Funding received: US$ 50M
Investors: Banyan Capital Partners
Genshuixue, affiliated to the GSX Techedu Inc. brand is a Chinese online education platform that allows its users to search for courses, both local and online, based on multiple subjects ranging from piano to SAT preparation. Upon picking a course of their liking, users can search all of the teachers of that subject in their area. The site also includes user comments and validates details like the teachers’ professional qualifications so users can be sure of what they’re getting. Once they’ve finished browsing their options, they can sign-up and pay for their classes online.
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