VIPKID connects Chinese students with language teachers in the US. Photo: Handout

NetEase e-learning unit slashes New York IPO target to avoid fate of rival Chinese online education platforms

  • Online education in China is expected to be worth 300 billion yuan (US$42.4 billion) this year and reach 540 billion yuan by 2022
  • Only 5 per cent of China’s online education businesses for pre-college students are profitable, according to one estimate
Topic |   China education

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VIPKID connects Chinese students with language teachers in the US. Photo: Handout
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