Ti Media "Education Industry Weekly" through ti media TMTBase global primary market database, summarizes the domestic and foreign education industry investment and financing events and hot spots every week, aimed at investors and entrepreneurs, clearly understand the trend, grasp the investment logic and the latest industry opportunities.
Orders to record
1. Industry News
2. Primary market dynamics
2.1 Financing dynamics of overseas education industry
3. Industrial policies
4. Policy observation
Review of the previous period: The Ministry of Education set up the Supervision Department of After-school Education and Training;ApplyBoard, a Canadian online application platform, raised $300 million in Series D financing.Chongqing city board of education: to ban public ordinary high school recruit restudy | education industry weekly (17)
News of the industry
Ministry of Education: after-school service shall end no earlier than half an hour after closing time
To enhance the capacity of education services, effectively reduce the financial burden on parents, the Ministry of Education issued "about promoting parts of compulsory education class services related to innovation and the typical experience of notice (hereinafter referred to as the" notice "), selection process to determine the first 23 compulsory education class service unit of typical cases, and summarizes the relevant initiatives and typical experience, to carry out the primary and middle school students after class.
The circular calls for promoting full coverage of after-school services, effectively opening up the "last mile" of after-school services in schools, ensuring full coverage of compulsory education schools in urban areas and full coverage of students in need.Ensure after-school service hours, the end time in principle is not earlier than half an hour after the local normal off-duty time;Improve after-school service quality, enrich after-school service content, guide students to finish homework carefully;Strengthen after-school service guarantee, improve after-school service funding guarantee mechanism, and raise funds through financial subsidies, service charges or agency charges.
Spark Thought plans to go to the US IPO, 2020 revenue of 1.174 billion yuan
Sparkthought filed a prospectus with the SEC to list on Nasdaq under the ticker symbol "SPRK," with underwriters including Credit Suisse, Citigroup, CICC, Futu and Tiger Securities.
According to the prospectus, Spark Thought's revenue in 2019 was 195 million yuan, and its revenue in 2020 was 1.174 billion yuan, up 502.1% year on year;The net loss was 771 million yuan in 2019 and 952 million yuan in 2020.For the first quarter ended March 31, 2021, Spark Thought's revenue was RMB 454 million, up 202.7% year on year;There were 370,530 students, compared with 133,902 a year earlier.
According to the prospectus, Spark Currently has two main product lines: online classes and AI interactive classes, of which online classes are the main source of revenue.Small classes accounted for 99.2% of revenue in 2019, 95.6% in 2020 and 92.3% in the three months ended March 31, 2021, respectively.The subjects offered by Spark Thinking mainly include mathematical thinking, Chinese literacy and English training.
The Ministry of Education further completes the examinee volunteer to fill in the service work
The 2021 college entrance examination voluntary application will start soon.Recently, the Ministry of Education has deployed colleges and universities around the country to further do a good job of examinee volunteer filling in services.
According to the requirements of the Ministry of Education, colleges and universities should further improve the channels and ways of releasing information related to the college entrance examination, make full use of information means, and provide examinees with various forms of voluntary filling guidance services.
Around the Ministry of Education emphasized that to network letters, public security, market supervision departments, strengthen the social training institutions or individuals to carry out activities to college consulting regulation, for there are exaggerated propaganda, false propaganda, charge high fees, illegal conduct training service intermediaries, website, APP, etc in accordance with the rules to investigate in accordance with the law, to safeguard the rights and interests of test takers.We will adhere to the correct orientation of education evaluation, further standardize the release and publicity of college entrance examination results, and strictly prohibit relevant media, training institutions, middle schools, and individuals from hyping up information such as "Top scorers in the college entrance examination," "enrollment rate of college entrance examination," "high-scoring examinees," and "repeat students."
Ape counseling set up Chongqing zebra wisdom, business scope related to publications
Tianyan inspection shows that Chongqing Zebra Wisdom Science and Technology Co., Ltd. was established, which is 100% controlled by Beijing Ape Force Education technology Co., LTD. (Ape counseling association), with a registered capital of 10 million yuan, and the legal representative is Gao Yuan.The business scope of the company includes publication wholesale, publication retail, import and export of goods, radio and TELEVISION program production and operation, the second type of value-added telecommunications business, etc.
Luzhou, Sichuan: Compulsory education stage schools do not recruit repeat students
Luzhou Education and Sports Bureau replied: currently, schools in compulsory education do not recruit repeat students. Meanwhile, "students who fail to pass the examination of ordinary high school can choose secondary vocational and technical schools or five-year vocational college to study;With our city household registration and less than 18 years of age, has not studied in high school stage schools, with junior high school equivalent education can register for the entrance examination."
Many training institutions in Henan have been shut down due to the investigation of potential safety hazards
A fire broke out in a martial arts museum in Zhecheng County, Shangqiu City, Henan Province, causing heavy casualties.After the accident, shangqiu Education Commission issued an emergency notice, requiring the closure of the city's off-campus training institutions, a comprehensive investigation into whether the training institutions comply with fire, health and other safety management regulations.
Later, the education bureau of Zhoukou city, Anyang City, Kaifeng City, Xinxiang City, Pingdingshan City, Luohe City, Xinyang City, Luoyang city and other places in Henan province issued a notice, requiring off-campus training institutions to suspend business investigation and rectification;Zhumadian city, Xuchang city and other local education bureaus required a comprehensive investigation of off-campus training institutions, failing to meet the conditions to resolutely shut down rectification.
Primary market dynamics
Financing trends of foreign education industry
Austrian K12 online tutoring platform GoStudent has raised $244 million in Series C funding
Austrian K12 online tutoring platform GoStudent has raised $244 million in Series C funding, led by DST Global, Coatue, Tencent Capital, SoftBank Group,DN Capital,Dragoneer, and Left Lane Capital.The money will be used for hiring and acquisitions.
GoStudent was founded in 2016 to match the tutoring needs of students aged 6-19 with their teachers.Using a subscription model, GoStudent sells a monthly subscription to parents and deducts a percentage of tutor income as a commission.Prices range from $20 to $30 a month.
JoyTunes has raised $50 million in Series D funding
JoyTunes has raised $50 million in Series D funding from Hearst Ventures, Qualcomm Ventures and Google Ventures.
JoyTunes is an Israeli provider of music learning games that use game and acoustic technology to assist music learning. Users can actually play an instrument to activate their games and apps for practice.Currently, the APP includes piano, guitar, saxophone and other Musical Instruments.
Byju's, an Indian online education platform, has raised $50 million in strategic funding
Indian online education platform Byju's has completed a $50 million strategic funding round from IIFL and Maitri Edtech.
Byju's was founded in 2007 to provide learning courses for grades 6-12 and test preparation courses for JEE, AIPMT, CAT, IAS, GRE and GMAT.BYJU's is a subscription service in which the class is recorded and a "tutor" answers questions after the class.
Indian mobile education service Classplus has raised $65 million in Series C funding
Classplus, an Indian educational technology startup, completed a $65 million SERIES C financing, led by Tiger Global, with GSV Ventures, Alpha Wave Incubation (AWI), Blume Ventures and RTP Global participating.The funds will be used for company expansion, business development and operations.
Founded in 2018, Classplus is a mobile education service SaaS platform designed to help private tutoring centers conduct business online, simplifying communication, content distribution, payment and evaluation processes.Classplus claims to have served 20m students.More than 80 percent of its user base comes from second - and third-tier cities, according to the company.
Industry policy
The Ministry of Education and other four departments jointly issued the Guidelines on the Construction of Nutrition and Health Schools
In order to meet the growth and development needs of children and adolescents and promote school nutrition and health, the Ministry of Education, the National Health Commission, the State Administration for Market Regulation and the State Administration of Physical Education jointly issued the Guidelines for The Construction of Nutrition and Health Schools (hereinafter referred to as the Guidelines), which set out requirements for standardizing school nutrition and health-related management behaviors.The Guidelines specify the scope of application, that is, it applies to the construction of full-time nutrition and health schools in ordinary middle and primary schools, and the construction of nutrition and health schools in ordinary colleges and universities, secondary vocational schools and kindergartens can be carried out by reference.
Beijing has set a 7-day cooling-off period for professional and technical vocational qualification training services
In order to standardize the training services for Professional and Technical Vocational Qualifications, Beijing Municipal Bureau of Human Resources and Social Security and Beijing Municipal Bureau of Supervision have formulated the Model Version of Training Service Contract for Professional and Technical Vocational Qualifications in Beijing (hereinafter referred to as the model version).The model text mainly clarifies the relationship of rights and obligations between the business units engaged in specialized technical training services and consumers, clarifies the training service plan and the guarantee measures for the funds charged, and makes detailed agreements on the liabilities for breach of contract, refund clauses and dispute settlement of both parties.
A seven-day cooling-off period has been set up for consumers to prevent and reduce disputes over impulse purchases.That is, "Within 7 days after signing the contract and completing the payment, if Party B gives up the training without attending the training, it may unconditionally terminate the contract and apply to Party A for refund of all the training service fee. Party A shall refund the corresponding refund to Party B through the original channel within 15 working days."At the same time, special hints will be given for the non-standard behavior of training services, and the legitimate rights and interests of both parties will be earnestly safeguarded.
Shandong issued a plan for connecting children with children
To help children to achieve a smooth transition from kindergarten to elementary school, improve the quality of kindergarten and primary school education, in shandong province education department issued "kindergarten and elementary school science cohesion implementation plan" (hereinafter referred to as the "scheme"), from the general requirements, main tasks, implementation steps, safeguard measures and other aspects to promote the kindergarten and elementary school science cohesion to make demands.
"Plan" put forward, kindergarten preparation education, from small class gradually cultivate children in line with the characteristics of their age physical and mental basic quality, large class next semester to set up a preparatory period;Primary schools should implement acculture-to-school education, strengthen the sense of cohesion, take acculture-to-school education as an important task of deepening compulsory education curriculum teaching reform, and incorporate it into first-grade education and teaching plan.We should strictly carry out "zero starting point" teaching, adjust the curriculum arrangement of the first grade, reasonably arrange the content gradient, slow down the teaching progress;Perfect home-school co-education mechanism;Carry out joint teaching and research, improve the teaching and research system, establish and improve the teaching and research guidance responsibility area system, strengthen regional teaching and research, joint teaching and research, kindergarten (school) based teaching and research system;Strengthen training and guidance.
Zhejiang: by 2025, the curriculum reform of middle and higher vocational integration will basically cover majors with long schooling system
In order to promote vocational education adaptability, comprehensively improving the quality of high quality technical skills training, zhejiang province education department issued the integrated in the zhejiang province higher vocational curriculum reform plan (hereinafter referred to as the "scheme"), from the guiding ideology, reform goals, basic principles, reform tasks, safeguard measures, etc in the province to further deepen the integration of curriculum reform in high vocational colleges.The plan puts forward the reform target: by 2025, the curriculum reform of middle and higher vocational integration will basically cover majors suitable for the cultivation of the long schooling system.
Policy to observe
This week, a notice by the Ministry of Education to promote after-school services in compulsory education, in which the end time of after-school services should, in principle, be no earlier than half an hour after the local normal closing time, has aroused heated discussion.
At issue is whether the workload of after-school service "servers" -- teachers -- is too heavy.
From the perspective of occupation, as "workers", teachers are the same as any other occupation. Why should teachers increase their working hours in addition to their own working hours when people from other professions can go to work and come off work according to regulations? This is obviously unfair to teachers.But from another point of view, serving students, teachers are the most appropriate and professional.
Recently, the increasing anxiety about social education has led to the exploitation of many unregulated after-school training institutions, and it is only parents and children who suffer.The Ministry of Education's promotion of after-school services is also based on the consideration of reducing parents' burden and allowing children to receive standardized and high-quality education outside school hours, which is certainly welcome news for parents and children.
But, as netizens debated, is it fair to the teachers?
From this perspective, we may need some more detailed and realistic measures.Schools may add a full-time post of "after-school service teacher", responsible for after-school services for students;On the other hand, if teachers are asked to provide after-school services for students, is it necessary to make proper adjustments to their salary and welfare, vacation and rest?
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