In 2015 China lead the edtech headlines with huge funding announcements. After a healthy first quarter we saw things cooling down during the second quarter. Are these the first signs of a Chinese edtech bubble?
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On twelve pages the EDUKWEST EdTech Market Brief China Q2 2016 contains 42 articles covering the Chinese education and technology landscape in the second quarter of 2016 as well as 29 funding rounds totaling over $146 million in disclosed investments.
In our EdTech Market Brief China Q2 2016 we share with you insights from well-respected sources covering the K12 and higher education verticals, share news on edtech startups and companies, fundraising, hot verticals, and more.
Main Themes in Q2
After a record breaking year of investments in Chinese edtech companies things have started to cool down. There is also a growing number of voices who are calling out the impending burst of the local edtech bubble as edtech startups in China struggle to get profitable or raise follow-on rounds.
Chinese edtech companies enter the US stock exchange with varying success while US based heavyweights like Udacity and Evernote are trying to grab market-share in China. Meanwhile NetDragon is getting deeper into testing use cases of virtual reality and holograms in education.
A growing group of China’s underpaid teachers get entrepreneurial and start online tutoring businesses, some of them earning up to $3,000 per hour. This trend has already lead to rising inequalities in admissions to universities which is now being tackled by the government.
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Picture Nicolas Raymond via freestocks.ca