The company has been voted online educational institutions TutorGroup Group, the total size of the combined investment of nearly 100 million U.S. dollars

February 17 Morning News, Alibaba Group announced today, the company has been voted online education institutions TutorGroup Group, the total size of the combined investment of nearly 100 million U.S. dollars. The group that invests with Alibaba also includes Temasek and Qiming ventures.

TutorGroup plans to take this financing to further accelerate its leadership position in Asia and expand the Americas market.

Tsai, executive vice chairman of Alibaba Group, said. "TutorGroup has redefined the learning experience to make it easier for more people to receive education." We are delighted to work with TutorGroup and to elevate their vision to a new level. ”

Founded in 2004 and headquartered in Shanghai, TutorGroup is now rapidly developing into an education group offering English-language training services. In April 2012, TutorGroup Group received 15 million dollars in capital injection from qiming Ventures.

TutorGroup operates four brands, including the English learning brand VIPABC, TUTORABC, the TTUTORABCJR for adolescent English learning and the Chinese learning brand tutorming, among which we are most familiar with the main business in the Chinese mainland VIPABC.

TutorGroup estimates that China's adult English training industry will grow by as much as 25% per cent a year, and that market opportunities for 2016 are expected to reach 21 billion. In China alone, TutorGroup expects its sales to reach a three-digit annual growth rate in the next few years.

In the past two years, online education has become a hot investment, and many online education websites have been invested. At the same time, the new Oriental, learning and thinking and other traditional education and training industry companies are also in the layout of online education.