By Claudio Buttice, Digital Journal
China Online Education Group (COE) announced the unexpected success of the online e-learning program by publishing its third quarter 2016 report. The numbers provided by the largest education platform in China surpassed every forecast with an 180.9 percent year-over-year increase in net revenues, and 135.2 percent in gross billings. The number of paying students doubled to 40 thousand from 2015, providing the program with over $135 billion gross billings contributed just by K-12 students. COE provides Chinese students with live one-on-one interactive English lessons taught by foreign teachers (mostly American ones) with either online or mobile platforms. The education program is a first effort to provide teaching courses in a fully digitalized environment, and takes full advantage of the informatics medium to pool all the data analyzed as well as teacher feedback in order to improve its efficiency year by year.
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