Education


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Chinese online learning app Zuoyebang raises $750M

Zuoyebang, a Beijing-headquartered startup that runs an online learning app, said on Monday it has raised $750 million in a new financing round as investors demonstrate their continued trust in — and focus on — Asia’s booming edtech market. U.S. investment firm Tiger Global and Hong Kong-based private equity firm FountainVest Partners led the six-year-old startup’s Series E financing round. Existing investors including SoftBank’s Vision Fund, Sequoia Capital China, Xiang He Capital, Qatar ...
Tags: Apps, Asia, Hong Kong, Education, China, Softbank, Funding, Tech, Beijing, Tencent, Qatar Investment Authority, Baidu, Tiger Global, Mary Meeker, Zuoyebang, Reuters


Eyeing an entry into China, Roblox enters strategic partnership with Tencent

Kids gaming platform Roblox has its sights set on China with today’s news that it has entered into a strategic relationship with Chinese tech giant, Tencent. The companies announced a strategic partnership that will initially focus on education — specifically, coding fundamentals, game design, digital citizenship, and entrepreneurial skills. The joint venture — still unnamed — will be based in Shenzhen, Roblox says. And its eventual goal is to bring Roblox to China. This is something Roblox h...
Tags: Gaming, Games, Kids, Education, Children, Stanford, China, Stem, Tech, Tencent, Stanford University, Shenzhen, Lua, Roblox, Steven Ma, China Roblox


Tencent’s latest education push is a nod to new collaborative structure

When Tencent announced it had formed a new education brand this week, the internet giant wasn’t just flexing the muscles to conquer China’s booming online education sector. The new initiative is also an early result of Tencent’s long plan to foster more internal collaboration at a time when its core businesses, the lucrative video gaming segment and the billion-user WeChat, are under attack. Called ‘Tencent Education’, the new brand consists of 20 products across all six of the firm’s busines...
Tags: Messenger, Asia, Education, China, Tech, Alibaba, Tencent, WeChat, Alibaba Group, Jack Ma, Industrial Internet, Shenzhen, Taobao, Ma, Tong, Ma Huateng


This YC-backed startup preps Chinese students for US data jobs

In recent years, data analysts have gone from optional to a career that holds great promise, but demand for quantitative skills applied in business decisions has raced ahead of supply as college curriculum often lags behind the fast-changing workplace. CareerTu, a New York-based startup launched by a former marketing manager at Amazon, aims to close that talent gap. Think of it as Codecademy for digital marketing, data analytics, product design and a whole lot of other jobs that ask one to spot ...
Tags: Google, Amazon, Facebook, Y Combinator, Asia, New York, Education, China, US, Tech, Alibaba, Tencent, WeChat, Mountain View, Social Network, Shopify


Newsela raises $50M to expand a content repository for K-12 learning that replaces traditional textbooks

As schools continue to look for new ways to cut costs while at the same time reboot their curriculum to better tap new innovations and improve understandings of how children learn, e-learning startups are attracting attention, both from educators and the VCs that fund them to fuel growth. In the latest development, Newsela — which has created a platform that packages together different third-party content like primary-source documents, news articles and more to help teachers and students learn a...
Tags: Google, TC, New York, Education, Microsoft, Gross, India, Funding, US, Tech, Netflix, Tencent, General Atlantic, Pearson, Kleiner Perkins, E-learning


China tells teachers to quit assigning homework through WeChat

China’s education authorities are about to take some burden off parents with school-aged children. A proposal posted last week by the Department of Education in China’s eastern province of Zhejiang said teachers should be banned from using WeChat, QQ or other mobile apps to assign homework or ask parents to grade students’ assignments. As mobile internet booms in China, phones have become an extension of daily activities, including school practices. Instead of announcing homework in class or han...
Tags: Asia, Learning, Education, China, Tech, Software, Beijing, Tencent, WeChat, Homework, Shenzhen, Zuoyebang, Department Of Education, Zhejiang, NetEase, Ministry of Education


Byju’s buys Osmo for $120M to add blended learning to its $4B digital education business

Weeks after it raised a massive $540 million funding round, Indian education unicorn Byju’s is on the M&A path. The company announced today it has snapped up U.S-based Osmo, a startup that develops apps for kids that use offline input, in a deal worth $120 million. Osmo has raised over $30 million from investors that include Mattel, Sesame Workshop, Upfront Ventures, K9 Ventures and Accel. They were offered a cash option but elected for an all-stock payout, Osmo CEO Pramod Sharma told T...
Tags: Fundings & Exits, TC, Asia, Technology, Education, India, Funding, Kindle, Tech, Ceo, Ipads, United States, Tencent, Bank, Cosmo, TechCrunch


Byju’s targets global expansion for its digital education service after raising $540M

India-based educational startup Byju’s was widely reported to have raised a massive $400 million round and now the company is making things official. The ten-year-old company revealed today it has pulled in a total of $540 million from investors to go after international opportunities. The round is led by Naspers, the investment firm famous for backing Tencent that also includes educational firms Udemy, Codecademy and Brainly among its portfolio. The Canadian Pension Plan Investment Board (CP...
Tags: Travel, Fundings & Exits, Facebook, Mark Zuckerberg, Asia, Education, China, Southeast Asia, India, Africa, Tencent, General Atlantic, Latin America, Naspers, Lightspeed Ventures, World Wide Web


All About Talent: Takeaways From MIT’s $1B Plan to Lead Way in A.I.

In 2011, Silicon Valley investor Marc Andreessen penned a widely read essay declaring that “software is eating the world.” If he were to write an updated version today, it might proclaim that machine learning is eating the world.Advances in data analytics and artificial intelligence technologies are starting to impact virtually every industry. In the coming years, A.I. could transform society in ways we don’t yet fully understand. Companies are investing heavily in A.I. to try and stay ahead of...
Tags: Startups, Education, Boston, Trends, Tech, Mit, Vc, Tencent, Ibm, Silicon Valley, Blackstone, Affectiva, Marc Andreessen, Csail, Stephen Schwarzman, MIT Media Lab


China’s VIPKID, which links English tutors with online learners, raises $500M at $3B+ valuation

The online language school market is continuing to heat up, and a startup that connects English teachers with an audience of students spanning China and 35 other countries for live language tutorials, is helping fan those flames. VIPKID, based out of Beijing, today announced that it has raised $500 million in funding — a Series D+ round that values the startup at over $3 billion. That valuation was originally mentioned in reports in April when VIPKID was still raising the money, and we have n...
Tags: TC, Asia, Education, China, Tech, Beijing, Tencent, Jack Ma, Coatue, Philippe Laffont, Coatue Management, Cindy Mi, Vipkid, Lin Haifeng, Coatue Management Tencent Sequoia Capital, Yunfeng Capital Alibaba


China’s VIPKID, which links English speakers with online learners, raises $500M at $3B+ valuation

The online language school market is continuing to heat up, and a startup that connects native English speakers with an audience of students spanning China and 35 other countries for live language tutorials, is helping fan those flames. VIPKID, based out of Beijing, today announced that it has raised $500 million in funding — a Series D+ round that values the startup at over $3 billion. That valuation was originally mentioned in reports in April when VIPKID was still raising the money, and we ha...
Tags: TC, Asia, Education, China, Tech, Beijing, Tencent, Jack Ma, Coatue, Philippe Laffont, Coatue Management, Cindy Mi, Vipkid, Lin Haifeng, Coatue Management Tencent Sequoia Capital, Yunfeng Capital Alibaba


China’s VIPKID, which links native English speakers with online learners, raises another $500M, reportedly at $3B+ valuation

The online language school market is continuing to heat up, and a startup that connects native English speakers with an audience of students spanning China and 35 other countries for live language tutorials, is helping fan those flames. VIPKID, based out of Beijing, today announced that it has raised $500 million in funding — a Series D+ round that potentially values the startup at over $3 billion, based on reports in April when it was still raising the money. (We’ve reached out to the company t...
Tags: TC, Asia, Education, China, Tech, Beijing, Tencent, Jack Ma, Coatue, Philippe Laffont, Coatue Management, Cindy Mi, Vipkid, Lin Haifeng, Coatue Management Tencent Sequoia Capital, Yunfeng Capital Alibaba


Tencent and education startup Age of Learning bring popular English-learning app ABCmouse to China

Tencent is teaming up with Los Angeles-based education company Age of Learning to launch an English education program for kids in China. ABCmouse, Age of Learning’s flagship product, has been localized and will be available as a website and an iOS and Android app in China, with Tencent handling product development, marketing, sales and customer support. The new partnership extends Tencent’s involvement in ed-tech, which already includes a strategic investment in VIPKID, an online video tutoring ...
Tags: Startups, TC, Apps, Kids, Education, China, Los Angeles, Tech, Tencent, Chen, Greater China, Age Of Learning, Abcmouse, English learning, Dada ABC, Jerry Chen Age


Tencent backs Indian education startup BYJU’s at a valuation of $800 million

 Tencent, Asia’s highest-valued tech company, has continued to invest in India after it backed online education service BYJU’s. The startup that includes the Chan Zuckerberg Initiative and Sequoia among its investors. The size of the investment has not been disclosed, but a source close to the deal told TechCrunch that it values BYJU’s around the $800 million mark. Tencent… Read More
Tags: Fundings & Exits, TC, Facebook, Mark Zuckerberg, Asia, Education, India, Tech, Software, Computing, Tencent, World Wide Web, Chan Zuckerberg Initiative, Rss, Byju, Byju's



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