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51Talk Online Education Group (China)

Main Activities: Other Schools and Instruction
Full name: 51Talk Online Education Group Profile Updated: July 05, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Chinese Download a sample report

The Company through its subsidiaries, provides online English language education services to students in the People s Republic of China, the Philippines, and internationally.
The company operates online and mobile education platforms that enable students to take live interactive English lessons with international teachers. Its flagship courses include Classic English Junior and Classic English for the development of English communication skills. It also offers Small Class lessons and programs; 51 Talk New Concept English course; and various specialty courses, such as Business English, IELTS Speaking, Free-talk, Interview English, Travel English, and Daily English for situation-based English education.
2011 - The Company began its operations in July through Beijing Dasheng Zhixing Technology Co., Ltd., or Dasheng Zhixing, a PRC domestic company.
2012 - On January 5, another angel investor invested into Dasheng Zhixing. In accordance with the investment agreement, the Founding Shareholders set aside from their own holdings 15 of the ownership of Dasheng Zhixing for an employee option plan. and an angel investor in 2011.
2016 - The Company s ADSs, each representing fifteen Class A ordinary shares, have been listed on the NYSE since June 10, under the symbol “COE.”
2015 - In January, the Company acquired and consolidated the business operations and assets of 91 Waijiao, a provider of English education programs in China that focused on offering live lessons by foreign teachers online.
2020 - In December , the Company completed the acquisition of GKid, a provider of innovative AI-driven online English courses through highly interactive animation and picture books for children, and obtain GKid s product portfolio and industry-leading AI technologies.ts.
2021 - On March 31, the Company changed it segment disclosure and no longer separately reports the financial results of small class business, as the operating decision maker (“CODM”) no longer reviews the stand-alone operating information of the small class business. This is due to the immaterial contribution the small class business is expected to provide in the future, consistent with it strategic decision to focus business development on the one-on-one mass market offering.
2022 - in September , The company was formerly known as China Online Education Group and changed its name to 51Talk Online Education Group

Headquarters
24 Raffles Place 17-04 Clifford Centre, Singapore
Singapore; Singapore; Postal Code: 048621

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Website: http://51talk.ph

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2011
Key Executives
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Chairman
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Chief Financial Officer
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Chief Operating Officer
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Senior Vice President
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Director/Member of the Board
Ownership Details
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Subsidiaries
51Talk English International Limited (Hong Kong SAR, China)
Beijing Dasheng Online Technology Co., Ltd.
China Online Education (Hk) Limited (Hong Kong SAR, China)
Company Performance
Financial values in the chart are available after 51Talk Online Education Group report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net sales revenue
72.76%
Total operating revenue
72.76%
Operating profit (EBIT)
9.52%
Net Profit (Loss) for the Period
9.02%
Total assets
20.01%
Total equity
N/A
Operating Profit Margin (ROS)
22.67%
Net Profit Margin
22.04%
Return on Equity (ROE)
N/A
Quick Ratio
-0.34%
Cash Ratio
-0.28%

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