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Zhangmen Education

Sector: Broadband • Location: China

Source: International Finance Corporation (IFC)

Project
Completed

IFC proposes an equity investment in Zhangmen Education (“ZE”, or the Company) (the Project). AMC is also invited to invest along with IFC. ZE, founded in 2015 in Shanghai China as a private education company, is one of the leading tutoring providers in China, offering after-school tutoring classes to students in the K12 system of China.  By leveraging the benefits of internet and online technolog

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Project Information

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The project “Zhangmen Education” is an infrastructure initiative in the Broadband sector, located in China. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

IFC proposes an equity investment in Zhangmen Education (“ZE”, or the Company) (the Project). AMC is also invited to invest along with IFC. ZE, founded in 2015 in Shanghai China as a private education company, is one of the leading tutoring providers in China, offering after-school tutoring classes to students in the K12 system of China.  By leveraging the benefits of internet and online technologies, the Company’s tutoring classes are all taught online through 1-on-1 or 1-on-N model. As of November 2018, ZE has more than 100,000 enrolled students from pre-school, primary and high schools.  The Project will support ZE’s working capital for business expansion mainly through increasing office spaces, more staffing, system upgrade and product improvements.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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