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.
Over the last few weeks I have been sharing my thoughts on the key differentiators in this sector and the spectrum of opportunities that the Ed Tech sector brings compared to other sectors in the context of really understanding the value creation dynamics. All these views, be they good, bad, boring or controversial are of course, my personal thoughts.
In my previous posts I talked about
And now lets consider the dynamics at play in different markets…
Phoenix E-Learning Corporation has received a $30 million investment from TAL Education Group. Through the investment TAL Education will hold a 32% equity interest in the company.
Founded in 2003, Phoenix E-Learning operates zxxk.com, an online platform serving the Chinese K-12 sector. The portal is used in over 30,000 public schools totalling more than 15 million registered users.
Today, Asia in all its variety is likely the most interesting market for education technology.
Although it is mostly China, with its dominance and enormous potential for growth, we hear about when it comes to massive investment rounds, it is lesser covered Asian countries, like Singapore, Thailand, Vietnam or Indonesia, that go through rapid development and quick evolution, which now have the potential to leapfrog some of their more mature Asian neighbors.