INSUBCONTINENT EXCLUSIVE:
Tencent is teaming up with Los Angeles-based education company Age of Learning to launch an English education program for kids in China
ed-tech, which already includes a strategic investment in VIPKID, an online video tutoring platform that connects Chinese kids with English
teachers and competes with QKids and Dada ABC
ABCmouse, on the other hand, uses videos, books and online activities like games, songs and stories to help kids study English.The Chinese
one billion users, and its instant messaging service QQ, with 783 million monthly active users
This makes it easier for parents to sign up and pay for ABCmouse, because they can use their WeChat or QQ account and payment information
have young kids or work with elementary school-age children, Age of Learning has built a significant presence in online education since it
was founded in 2007, thanks mainly to the popularity of ABCmouse in schools, public libraries and Head Start programs
Two years ago, Age of Learning hit unicorn status after raising $150 million at a $1 billion valuation from Iconiq Capital.The partnership
lets ABCmouse tap into a major new audience
Chen says there are more than 110 million kids between the ages of three to eight in China and the online English language learning market
that says total spending on online English learning programs for children will be 29.41 billion RMB, or about $4.67 billion, this year, and
is projected to reach 79.17 billion, or $12.6 billion, by 2022.The localization of ABCmouse will extend to the design of its eponymous
cartoon rodent, who has a more stylized appearance in China
Lessons include animations featuring an English teacher and students in an international school classroom and begin with listening
and effective online English self-learning curriculum and content for children
Age of Learning puts learning first, and that commitment to educational excellence made them a perfect fit for our online English language
