Internet is transforming classrooms worldwide and China is no exception. New technologies and faster internet make online education more convenient and affordable while traditional methods have no choice but to adapt.
I this post, I’d like to share infographic by Edufraction.com that illustrates this trend with some solid data.
In online education, new Chinese start-ups like GenShuiXue.com, which literally means a question “Study With Whom?”, has been offering numerous online courses since only last year. Another company called 17zuoye.com (numbers 1 and 7 sound like the word “together” and “zuo ye” means “homework”) claims to serve more than 7 million students. It has recently raised $100M in series D round reaching reported total valuation of $600M.
In exams-obsessed society like Chinese, no wonder that test prep start-ups have been growing fast as well.
Children early education is another area where the impact of new and particularly mobile-based technology has been even more visible. When it comes to paying for quality apps that promise quick results, Chinese parents are much less price sensitive and wouldn’t be willing to spend more on such tools.
Here is the full infographic from Edufraction.com: