Online foreign education platform 51Talk wholly-owned acquisition of another foreign teacher platform in the industry 91 foreign teachers

Absrtact: January 13 News, according to people familiar with the situation, online foreign education platform 51Talk has recently acquired a wholly-owned foreign education platform 91 foreign teachers, two platform business will be fully merged, but the specific mode of acquisition and transaction prices have not been disclosed. It was revealed that after the acquisition

January 13 News, according to people familiar with the situation, online foreign education platform 51Talk has recently acquired a wholly-owned foreign education platform 91 foreign teachers, two platform business will be fully merged, but the specific mode of acquisition and transaction prices have not been disclosed.

It is revealed that after the acquisition of 91 foreign teachers all business will be merged into the 51Talk of worry-free English, registered 91 foreign users will also be provided by the 51Talk worry-free English service. In addition, some of the 91 foreign teachers will also move into the 51Talk office site, merged office.

Last September, the 51Talk completed a 55 million dollar C round financing, the investment party for Sequoia Capital, before 51Talk also completed the LEI under the Fund to receive 12 million U.S. dollar B-round financing, the cumulative amount of financing within a year reached 70 million U.S. dollars.

In contrast, 91 foreign teachers only received Xiaoping and Shire's Angel round financing and Ding Lei and gong personal investment.

It is understood that 51Talk currently has a pay user nearly 50,000 people, foreign teachers more than 2,500 people, nearly 1000 employees, after the merger will become the most Chinese students, foreign teaching the most online English education brand.