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"Technology will never replace great teachers, but technology in the hands of great teachers is transformational."
-George Couros
At a glance
At a glance
Launch Date: March 2012
Ownership: Private Equity, Venture Capital
Employees: 1001-5000 people
Valuation (2021): $15.5b
Yuanfudao is a Chinese startup that provides K-12 students with homework support and live-tutoring
Largest EdTech company in China by number of paid users (~3.7 million)
The highest valued EdTech company worldwide
Key feature: AI-powered problem-searching (e.g. take a picture of your math homework, instantly receive the answer with an explanation)
Fun fact: Yuanfudao literally means "ape tutor" (hence the logo). The Chinese pronunciation for the English word "app" is "ape" - a play on words.
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