by Digital Journal
In 2011-2013, online education companies have mushroomed such as Chuanke.com launched in November 2011, Fenbi.com put on line in August 2012 and 91waijiao.com established in December 2012. At the same time, traditional education & training institutions have stepped into the field of online education successively. For example, Beijing Juren Education Group launched Juren.cn in July 2013, and Longwen Education plans to invest RMB 50 million in online business. Traditional Internet giants like Baidu, Google, Netease, Youku, Tencent, Kingsoft PowerWord, and Taobao also have set foot in the field of online education. In 2012, there were only six cases of investment in online education in China. In the first seven months of 2013, 22 online education institutions including Hujiang.com and 91waijiao.com obtained investments, among which, the USD 20 million of Round B investment obtained by Hujiang.com in June was the most eye-catching.
http://www.digitaljournal.com/pr/1584678
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