Education is taken seriously in China. For most students, the national college entrance exam, commonly known as Gaokao, is seen as a way to get into a great university and by extension, the path to a successful life.
Educational tools and services have been especially popular for Chinese parents who want to give their children as much of an advantage as possible. As the COVID-19 pandemic kept students away from classrooms last year, edtech platforms have risen in popularity, also attracting investors. As per data from education research firm HolonIQ, investment in edtech firms in China reached USD 10.2 billion in 2020.
Learn more in this video about China’s most valuable edtech startups, as of January 2021, according to the Global Edtech Unicorns list by HolonIQ.
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