Is VIPKid being shut down?
By Emily Tate Online education giant VIPKid, a Beijing-based tutoring platform that has raised $1.1 billion in capital since its founding and was at one point valued at over $3 billion, will end its flagship education program in China by early next month.2021-10-20
Is VIPKid in financial trouble?
After the Series E fundraising, the company is valued at $4.5 billion. However, the company has always had a profit problem. According to The Information, the company’s net loss reached 2.2 billion yuan ($31 million), although its revenue increased to 3 billion yuan ($43 million) by the first ten months of 2018.2019-11-29
When did VIPKid shut down?
Chinese education firm VIPKid, famous for connecting domestic students with native English-speaking tutors overseas for live video lessons, has announced that starting November 5, 2021, students in the Chinese mainland will no longer be able to take Major Course, Starlight, and Supplementary classes with foreign 2021-10-20
Is VIPKid still hiring November 2021?
Is VIPKid Still Hiring? Yes, as of December 2021, VIPKid is still hiring new teachers (except for applicants from the states of California, Washington, and New York). However, the landscape has changed due to changes in China that have forced out all private/non-Chinese-funded tutoring companies.2021-11-23
Is VIPKid in other countries?
VIPKid currently has over 500,000 paying students located in 63 countries, including Japan, France, and Brazil. VIPKid recently launched operations in Korea and entered into a strategic content partnership with SMARTSTUDY, a popular Korea children’s education content company well-known for their PINKFONG franchise.2018-08-02
What is happening to VIPKid?
VIPKid, an edtech behemoth that was once valued at over US$3 billion, will no longer serve as a platform connecting English-speaking tutors (many of whom are American) and Chinese children, though it will continue offer online tutoring to children in other countries.2021-11-03
Is VIPKid 2021 worth it?
You can teach while your child is sleeping and not have to pay for childcare. Just make sure there’s someone who can tend to your kid if they wake up since you won’t be able to leave in the middle of class. If you’re one of the many people stuck at home right now and in need of work, VIPKID is definitely worth it.2020-04-26
Is VIPKid a Chinese company?
Online education giant VIPKid, a Beijing-based tutoring platform that has raised $1.1 billion in capital since its founding and was at one point valued at over $3 billion, will end its flagship education program in China by early next month.2021-10-20
Is VIPKid global?
VIPKid says that the global platform is a new global platform for teachers and students all over the world. Unlike the previous core business, which prioritized English language instruction for students in China, the global platform will provide an international learning experience for students all over the world.2021-10-14
Is VIPKid banned?
Three months after China issued a regulation banning all for-profit tutoring within its borders, Chinese tutoring giant VIPKid is terminating its signature education program for students in the Chinese market, the company told EdWeek Market Brief.2021-10-25
Is China shutting down VIPKid?
One of the world’s largest online education platforms, VIPKid, has ceased providing tutoring to children in China as a result of Chinese government reforms.2021-11-03