China EdTech Business Connections Forum
There are around 260M K16 learners in China, and in 2016 one year the VC investment in EdTech has reached 2.5B USD (far surpass US). If we count government spending the total budget/revenue for education is ~44B USD.
In 2015 overall revenue saw 70% growth, and average revenue for one company is around 4M USD. Hot fields now include K12, vocational education, language learning, corporate training and so on. In addition, technical service providers, which play a “shovel” role in the area of online education, also develop very rapidly.
Because of the strong market demand, we are hosting China EdTech Business Connections forum (live webinars and in person) to China audience, including leadership of EdTech companies, education and training decision makers, after-school program owners, investors etc.
The purpose is to bridge business opportunities across the border. Speakers could connect with potential partners or investors in China. Translation service will be provided. Also we will provide assistance for you to enter China market after that if needed.
Several activities are available.
- EdTech company leaders or consultants are invited to give an educational session (~ 30 min.) through live webinars. The speech content should be informative with the industry and technology insights you are specialized in. That’s the best way to promote your brand and product. If you’re interested, please send us the topic, description and speaker info. of your session.
- Communication to the wide EdTech network in China through newsletters and news posting on the Internet.
- Start-ups and companies looking for funding could apply to have the opportunity of pitching your product/idea to media, corporate or VC investors. (live webinars or in person)
- Visits to the biggest China education conferences could be arranged by us, we’ll connect you with the right persons in China to build the crucial business relationship in person. Currently, one scheduled visit is in this April, the other visit is in this May. Contact us for more information.
- Just like Facebook has learned from WeChat, China’s EdTech companies have innovations in technologies or business models that others can learn from. If you like to receive these updates and what’s happening in China EdTech Connections Forum, please shoot us an email and we’ll keep you posted.
Please send your applications and inquiries to mlearning[at]classroomaid.org
China EdTech Business Connections forum is possible through our collaboration with International Internet Education Alliance and China Online Education Research Institute (COERI) — an organization dedicated to the research, consulting, and service of Chinese online education industry for over 16 years.
The integration of online and offline learning products and the integration of players in the industry supply chain are advancing. Now China’s investors are highly interested in smart technologies such as learning data analytics, Machine Learning, Natural Language Processing(NLP), and Artificial Intelligence in education nitch market. Quality English and STEM learning content are highly sought after too. China investors are hunting for emerging and promising targets worldwide.
Looking to Grow in China? 3 Lessons for U.S. Edtech Companies (by Coursera partnership manager)
As the world’s biggest Internet market, China is an alluring prospect for U.S. tech firms, including edtech players.
So, based on the experiences of Coursera and other companies, what are some lessons for edtech startups looking to grow in China?
- Find the right partners.
- Determine a clear competitive advantage.
- Agree internally on goals, spending and risk.
China is pursuing the area aggressively and the government has announced that it will invest US$30 billion VC in startups by the year 2020.
The potential is real. There are times when an influx of capital and competition are signals of an over-hyped market or impending bubble, but we strongly believe education is not one of them. Education in China is a red ocean in some sectors (e.g. online test prep and overseas study consultancy) but much less crowded in others (e.g. newer forms of education technology, big data plays, marketplaces and even learning management systems).
Forget about cram schools and gaokao (高考 or “college entrance examination” in English), China is seeing a surge of distance learning and edtech unicorns funded by the government.
Chinese government invested a record 1.07 billion USD in edtech startups in 2015 alone, and the investment in the quality and online education is on the rise.
China is now making a gigantic investment in VET, adopting a series of measures to greatly expand VET and improve its quality. High-level policy commitments and major funding from the national level are driving the construction of new facilities, purchases of new equipment, and subsidies for poorer students.