Venture Capital Moves into Internet Education

Offering normal English learning lessons via their APP, Liulishuo now has 130 million users. Launched in 2013, the APP was originally free but in exchange, the company has harvested user data, giving the company what Wang Yi, CEO of Liulishuo, a NY listed technology company, believes is probably the world’s largest speech data base. So lucrative is online education that in the first half of the year, China saw 160 major investments in educational technology.

 

Video Source: Money Talks