INNOVATION AT YOUR FINGERTIPS
Updated: 12/2020
Yuanfudao
China / Beijing , China
Pitch
The world’s highest valued edtech, with 400m users, will be the first education startup to sponsor the Olympic and Paralympic Winter Games, come 2022.
Why
Increased demand
Covid-19 impact on schools has increased demand for online learning and edtech services.
Limited educational resources
Many students cannot afford to pay for good quality tutoring by qualified teachers.
Ineffective homework supervision
Teachers and parents have to spend a lot of time checking students’ daily homework.
Market
RMB 150bn
Estimated market value for online K-12 tutoring by 2022, growing from RMB 65bn in 2019: Chinese Academy of Sciences
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