The online education market in China reached sales of nearly 119.2 billion yuan (HK$141 billion) in 2015, according to iResearch data. Photo: AFP The online education market in China reached sales of nearly 119.2 billion yuan (HK$141 billion) in 2015, according to iResearch data. Photo: AFP
The online education market in China reached sales of nearly 119.2 billion yuan (HK$141 billion) in 2015, according to iResearch data. Photo: AFP
Celia Chen
Opinion

Opinion

Across The Border by Celia Chen

More online education start-ups in China expected to close down in 2016 as profits prove elusive

After a flood of venture capital into the sector over the past two years, many online education start-ups are shutting down due to unprofitable business models

The online education market in China reached sales of nearly 119.2 billion yuan (HK$141 billion) in 2015, according to iResearch data. Photo: AFP The online education market in China reached sales of nearly 119.2 billion yuan (HK$141 billion) in 2015, according to iResearch data. Photo: AFP
The online education market in China reached sales of nearly 119.2 billion yuan (HK$141 billion) in 2015, according to iResearch data. Photo: AFP
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Celia Chen

Celia Chen

Celia is a tech reporter for the Post, covering companies such as Tencent, JD.com and Foxconn. She also covers start-up news and China's tech world. Prior to joining the Post, she worked for China Daily.