Unhappy New You
Inter-generational Values of Play and Consequences of Play Deprivation
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Founded in and formally known as Future VIPKid, the company has built a rapidly growing business by allowing Chinese children to learn English at home through videoconferencing with North America-based instructors. The online one-on-one sessions target children aged between five and The company started last year with fewer than 1, registered teachers and nearly 10, paid users.
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Now the numbers have jumped to more than 6, teachers with over 60, paid users. About 1 per cent of the users are outside China but Mi said the company was in no hurry to expand its user base overseas.
Katie Byrne From what's in his wardrobe to what's on his wrist - you can tell a lot about a man by his fashion sense. The positive developmental benefits of play and good nutrition are deeply affected by excessive, poorly chosen cyber play and sedentary link. The question is - who is more harsh, the other guy or your own inner critic? And the best 'photo-bomb' award goes to From Hollywood eye candy such as a swimsuited Jessica Alba to a brooding James Franco or Michael Fassbender, they are invariably cut from the same superficial A-list cloth.
She is aiming high though, with plans to attract more than 20, North American teachers to serve an estimatedstudents by the end of this year. VIPKid gets between 20, and 30, teaching applications every month, rejecting 90 per cent of them.
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All successful applicants must be North American citizens with at least college degrees and a minimum of one-year experience in teaching children or English. Online firms such as 51Talk, which went public in the United States last year and offers similar service to adult English learners, have started to target children.
With its revenue target at one billion yuan, Mi claims VIPKid has far exceeded its competitors in English training for children. Even NBA star Kobe Bryant said it took him a mere five minutes to agree to invest in a stake, without revealing the specific amount. Mi said there was a line of investors waiting to chip in but the company had no need for more funding. There is ongoing discussion across the world about whether online education can replace face-to-face education.
For Mi, who had taught English in brick-and-mortar schools for about 10 years, the line of online and offline education will become blurred. Born and raised in Hebei province, Mi had a strong interest in English when she was young. By the time she turned 17, she was good enough to teach fellow students. You can never find enough qualified foreign teachers in China to teach in one-on-one sessions.
Online session is the only way. Skip to main content. Online vs Offline Commerce. Sunday, 22 January,4: Sunday, 22 January, Related topics Online vs Offline Commerce Entrepreneurship. More on this story.
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Opinion More online education start-ups in China expected to close down in as profits prove elusive 6 Jun E-Commerce Pork on every village plate: You are signed up. We think you'd also like.
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This article appeared in the South China Morning Post print edition as: Most Popular Viewed 1. HK Express faces delays on new Airbus jets amid engine trouble.
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