Online Learning Update

September 26, 2017

The future of teaching in China is online

Filed under: Online Learning News — Ray Schroeder @ 12:10 am

by Singapore Straits Times

Millions of children are pouring into classes for English, mathematics and the sciences to gain the skills they need in a knowledge economy. Chinese parents have always prioritised academic achievement. Now, they have the means to invest in extra-curricular education, propelling a domestic market that UBS said will double to US$165 billion (S$223 billion) within five years. Now, online start-ups are gaining ground with parents who grew up in the Internet era. Beijing-based VIPKid has expanded to 200,000 students and just raised venture money at a valuation of more than US$1.5 billion from Sequoia Capital and Tencent Holdings.

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