See More on Facebook

News

Online educational services witness demand surge

Following the postponement of school semesters, over 80 educational companies have offered free online courses to students in China, a country that boasts nearly 280 million students ranging from kindergarten to universities.


Written by

Updated: February 12, 2020

Online education companies across China are seeing a surge in demand for study-at-home products as the novel coronavirus epidemic has hampered normal educational services in the country.

Leading online education startup Zuoyebang has offered free online classes on all major subjects from 8 am to 5:40 pm for students nationwide. Youdao, the education subsidiary of tech giant NetEase Inc, is offering classes via livestreaming for 470,000 students that are enrolled for the company’s courses.

Industry experts perceive huge opportunities for the online education industry as the sector is quickly covering and penetrating many corners of the nation during the special period.

Share prices of 20 online education companies have risen to the daily limit of 10 percent in the A-share market as of Wednesday, while market leader TAL Education Group sees its shares rise from $49.9 on Friday to $56.05 on Wednesday on the New York Stock Exchange.

“The novel coronavirus outbreak has boosted the awareness and market prospects of online education firms in the country,” said Zhang Lijun, an education veteran and partner of Sinovation Ventures, a venture capital firm founded by noted investor Kai-fu Lee.

Zhang said that it would be easier for companies to acquire users at comparatively lower costs than before and the penetration rate of online education will grow by around 10 percent.

Wang Heng, a senior analyst from Duojing Capital, said that lowering the barriers for online lessons will definitely increase the usage of such products and open new growth frontiers for companies.

The surge in demand for online lessons has also seen several educational firms shifting their offline courses partly or wholly to online, thereby opening the door for some third-party technology platforms.

ClassIn, an online classroom service provider of leading educational firm EEO, received nearly 3,000 registrations from various educational institutions in a single day. The company temporarily enlarged the capacity of its system by 20 times but still had to restrict new entries so as to keep its system stable.

At present, most of the educational companies which want to switch to online are choosing free open platforms.

VIPKid, a well-known one-on-one online English tutoring platform in the country, has opened its Weimi livestreaming platform free of cost to schools and institutions nationwide.

The platform is able to support over 200,000 classes of different scale every day. More than 100 schools and institutions have applied to access VIPKid’s open platform with dozens of them already in trial.

“In the long run, the outbreak will speed up the convergence of online and offline education. Those who are able to offer sound, stable services will gain a lead,” said Zhang from Sinovation Ventures.

However, she said offline education will still be preferred after the epidemic outbreak as many parents value eye protection and traditional learning experiences.



Enjoyed this story? Share it.


China Daily
About the Author: China Daily covers domestic and world news through nine print editions and digital media worldwide.

Eastern Briefings

All you need to know about Asia


Our Eastern Briefings Newsletter presents curated stories from 22 Asian newspapers from South, Southeast and Northeast Asia.

Sign up and stay updated with the latest news.



By providing us with your email address, you agree to our Privacy Policy and Terms of Service.

View Today's Newsletter Here

News

EDITORIAL: Mr Trump in India

US President and Prime Minister Narendra Modi were able to convey a robust message to the west of the Radcliffe Line, thanks largely to their personal chemistry. The diplomatic irony has been rather exceptionally bitter. Donald Trump’s 36-hour visit to India was somewhat pushed out of focus by the communal flare-up that has overwhelmed parts of Delhi, with the death toll rising to 27 till Thursday afternoon. And yet the US President and Prime Minister Narendra Modi were able to convey a robust message to the west of the Radcliffe Line, thanks largely to their personal chemistry. And unlike some previous US Presidents, Mr Trump chose not to follow up his visit to India with another to Pakistan… as often as not to sing a different piece. No, he hasn


By The Statesman
February 28, 2020

News

As Covid-19 spreads, public health officials consider plans for a worst-case scenario

 Department of Health Services has a Plan B for a few infections but its Plan C envisions shutting down all schools, public transport and gatherings in case of a mass outbreak. While Covid-19 coronavirus infections have significantly slowed in China, they are rapidly spreading around the globe, prompting countries to step up measures to control the spread and the UN 


By The Kathmandu Post
February 28, 2020

News

Vietnam reaffirms support for nuclear non-proliferation treaty

Ambassador Dang Dinh Quy, head of Vietnam’s Permanent Mission to the United Nations, has reaffirmed Vietnam’s strong support for the realisation of the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) on three pillars. During a session of the United Nations Security Council (UNSC) in New York on the occasion of the 50th anniversary of the NPT, Ambassador Quy affirmed that Vietnam has joined all international efforts regarding non-proliferation of nuclear weapons, including regional and global conventions; complied with the International Atomic Energy Agency’s highest safety standards; and strictly followed the UNSC’s resolutions. He said any intentional, unintentional or miscalculated use of nuclear weapons seriously threatened global peace and


By Viet Nam News
February 28, 2020

News

Budget debate: Coronavirus concerns present long-term opportunities, say MPs

Many have little savings to see them though a work drought, she said, noting that a number of events and work assignments have been cancelled or deferred as a result of the Covid-19 outbreak. While the coronavirus outbreak has battered businesses, it has also created opportunities to better prepare Singapore for future challenges, MPs said on Thursday (Feb 27). Speaking on Day 2 of the debate on the Budget statement, they said these include getting more firms to adopt e-commerce, diversifying supply sources and making flexible work arrangements permanent for working parents and caregivers. A total of 54 MPs, including political office holders, spoke over two days on various aspects of the Budget. USING TODAY’S CRISIS TO PREPARE FOR THE FUTU


By The Straits Times
February 28, 2020

News

Coronavirus: 2 new cases confirmed; 4 more, including private hospital doctor, discharged

 Two patients from the Grace Assembly of God cluster, cases 49 and 73, were also discharged.  Two new cases of the coronavirus disease (Covid-19) were confirmed by the Ministry of Health (MOH) on Wednesday (Feb 26) and four others have recovered and were discharged. This brings the total number of cases here to 93, of which 62 have fully recovered. Case 59, the private hospital doctor, was among the four discharged. The 61-year-old Singaporean was confirmed to have the virus on Feb 13 and had been warded at the National Centre for Infectious Diseases. He is not linked to any of the five known clusters but is a non-medical contact of case 72, a 40-year-old man from China who holds a Singapore work pass. Case 56, a Banglad


By The Straits Times
February 27, 2020

News

Japan provides protective gear for use in battling coronavirus

 The government of Japan has given personal protective supplies to the Ministry of Health to help medical staff if they are required to care for people infected with the coronavirus. The items were handed over at the Ministry of Health on Tuesday by the Ambassador of Japan to Laos, Mr Takewaka Keizo, to Minister of Health Assoc. Prof. Dr Bounkong Syhavong. The supplies comprised 4,680 isolation gowns, 6,100 gloves, 6,000 N95 masks, 13,200 surgical masks, 27 goggles, and 240 bottles of alcohol hand rub. Assoc. Prof. Dr Bounkong thanked the government of Japan for its assistance, saying “On behalf of Laos, we would like to express our appreciation to the government of Japan for its continuing support to our country.” The ministry has been st


By Vientiane Times
February 27, 2020