China Online Education Group Snaps Up Kaola Reading
Kailas Salunkhe- April 23, 2021, 7:47 AM EDT SHARE ON:
Online education platform, China Online Education Group, has agreed to acquire a 100% stake in Beijing Xiangyue Education Technology Co (Kaola Reading).
China Online Education Group (
COE) is primarily focused on English education. Kaola Reading provides Chinese reading ability assessment systems and reading training systems in China. Kaola makes use of AI and machine learning to assess and rate reading skills and to suggest courses suitable to each student.
China Online Education Group Founder, Chairman, and CEO Jack Jiajia Huang said, “We see clear strategic value in this acquisition. Leveraging Kaola Reading’s expertise in reading assessment, we plan to develop an English assessment and rating system that allows us to provide more targeted course offerings to our students, deliver enhanced learning experiences and o
China Online Education Group Announces Acquisition of Kaola Reading
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
China Online Education Group Announces Acquisition of Kaola Reading
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
China Online Education Group Announces Fourth Quarter 2020 Results
Fourth quarter and fiscal year net revenues increased by 34.7% and 38.9% year-over-year respectively
Fourth quarter GAAP net income and non-GAAP net income were RMB31.8 million and RMB38.6 million respectively
Fiscal year 2020 GAAP net income and non-GAAP net income were RMB147.0 million and RMB173.7 million respectively
News provided by
Share this article
Share this article
BEIJING, March 5, 2021 /PRNewswire/ China Online Education Group ( 51Talk or the Company ) (NYSE:COE), a leading online education platform in China, with core expertise in English education, announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020.
51Talk Announces The First Profitable Year in Company History, Eyes Future Growth
News provided by
Share this article
Share this article
BEIJING, March 5, 2021 /PRNewswire/ 51Talk (China Online Education Group,NYSE: COE), China s leading online education platform and the first online English education brand listed in the United States, announced its unaudited financial results for the fourth quarter on March 5, 2021.
The company delivered solid results in the fourth quarter of 2020. 51Talk registered a non-GAAP net income of RMB38.6 million and its GAAP net income is RMB31.8 million, amounting to the company s fifth consecutive quarter of profitability. The company s fourth quarter net revenues maintained strong growth momentum and grew 34.7% year-over-year to reach RMB535.1 million.