51Talk Online Education Group (China)

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