In 2015 China lead the edtech headlines with huge funding announcements. After a healthy first quarter we saw things cooling down during the second quarter. Are these the first signs of a Chinese edtech bubble?
While some tech outlets have been reporting on a possible drought for edtech startups due to shrinking investor interest in western markets, Asia appears to be headed in the exact opposite opposite direction.
The enthusiasm for all things edtech, fueled by all the different stakeholders, likely makes Asia the most dynamic market for education technology right now.
The upcoming shutdown of the once leading language learning community Livemocha shows that the technological platform a product is based on is as crucial to the success and survival as the offering itself. Livemocha missed the trend of mobile device based language learning and consequently lost its market share and appeal to consumers.
South Korea’s education system has been the envy of many western governments. The country managed to transform itself from mass illiteracy to global economic powerhouse in less than two generations. Its students consistently rank in the top 5 for PISA test results, and the country has a 93% high school graduation rate. 82% of these graduates go on to university.