Edtech

Unacademy claimed its courses were watched for over a billion minutes with 100,000 live classes conducted by its teachers.

The company has been the target of many American due diligence firms after posting huge growth in the first quarter of 2020.

Despite a recovery in March, funding for new startups dried up in Q1.

At China’s most important political event of the year, they called for development in 5G, IoT, and tech education, among other fields.

The company reported hyper-growth in both net revenues and net income for the first quarter.

The company behind TikTok has been active in the edtech sector, pushing a series of apps and platforms for language learners.

The startup is developing a 15-minute approval system for university enrollment, student loans, and scholarship applications.

The company posted a 382% YoY increase in net revenue and a 336.6% YoY growth in net income.