However, their academic courses are poor in practicality, which makes it difficult for graduates to directly apply the knowledge learned in school to the workplace,” the prospectus shows. “Higher education institutions pay more and more attention to providing students with practical training. The prospectus also mentions that Jianzhi Education currently provides online services for about 2,000 institutions of higher learning in China.
#Sources didi keep ximalaya linkdoc ipotimes professional#
The Beijing-based firm’s official website shows that it relies on cloud computing, big data, artificial intelligence and other technologies to provide digital education content and intelligent education solutions for domestic universities and other customers.Īs of March 31, 2021, the company’s educational content library contains more than 25,000 online courses with a total duration of about 4,500 hours, of which more than 70% are self-developed, covering entrepreneurship guidance, professional skills training, and professional certification exams. Its revenue in the first quarter of 2021 was 98.374 million yuan, up 80% year-on-year. It was listed on the New Third Board in May 2016, and then delisted in November 2017. Jianzhi Education has failed to go public in Hong Kong four times, but the reasons for those failures were not disclosed.Įstablished in 2011, Jianzhi Education was formerly known as Sentu Education. Sales, revenue, customer service, potential acquisitions and strategic investments, and daily operation also take a share of the fund. The education firm plans to use the fresh funds to produce new educational content and purchase some products from third parties. SEE ALSO: Faced with Possible Effects of Didi App Removal, Chinese Companies Keep, Ximalaya and LinkDoc Cancel IPO Plans in US Previously, Keep, Ximalaya and LinkDoc all canceled their IPO plans in the United States amid concern over possible effects of the Didi app removal. Jianzhi’s application came after Didi was censored due to its handling of data security. On July 13th, EST, Jianzhi Education submitted its prospectus to the Securities and Exchange Commission (SEC), eyeing to raise $50 million.
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