by Qin Dexing, China DailyWeb
Nasdaq-listed YY offers a video platform to its 600 million registered online gamers and singers. At a press conference in Beijing in February, the company said it would branch out into online education. 100.com is a separate platform dedicated to online education and held its first teaching session on April 22. “Tapping the online education sector is our company’s top priority for future development,” CEO Li Xueling said at 100.com’s launch: “Through introducing innovative products and services, the Internet will revolutionize the traditional education sector, as it has retail, finance and other sectors for years now,” YY is not alone. Investors, including China’s e-commerce conglomerate Alibaba Group Holding Ltd, put $100 million in February into TutorGroup, a language-learning platform popular with Chinese learning English. It’s the largest investment in China’s online education sector.
http://www.ecns.cn/business/2014/05-03/112084.shtml
Share on Facebook