News in April 2019
Why Is China The World’s Leader In Edtech?
(Photo Source: HolonIQ)
Date: April 5, 2019
Author: Ricardo Geromel, who heads Asian operations for StartSe; co-wrote a cover story for Forbes Magazine featuring an interview with Dilma Rousseff, Brazil's then-president; fluent in five languages and has worked on five continents.
This essay introduced the breathtaking facts about EdTech (educational technology). For example, Chinese startups received over 50% of all the capital invested by venture capitalists in EdTechs worldwide last year. According to a study released by HolonIQ earlier this year, Chinese EdTech companies received more money than the total amount invested in EdTech firms from all other countries combined. Another example would be that Beijing, the capital of China, got the highest concentration of EdTech companies per capita globally, at 120 EdTech companies per million people, followed by New York, the Bay Area, and Bangalore. China also witnessed 97 new “unicorn” (privately held companies worth at least US$1 billion) EdTech companies in 2018. The author argues that the EdTech market in China will continue to grow for three key elements including a cultural that values education, large population and huge needs of education, and continuous governmental support for education in China. Check it out to find more insights!
Breaking Down China’s Online Education Market
(Photo Source: Bloomberg)
Date: April 24, 2019
This piece of video presents a Bloomberg interview with Zhou Feng, the chief executive officer at NetEase Youdao, a search engine released by Chinese leading internet company NetEase. Feng talked about the size of China’s online education industry and his outlook for the sector. Check it out if you are interested!