Netease Tech, 4/24/14
Chinese internet company NetEase's (Nasdaq: NTES) Youdao subsidiary has released an online education open platform. The new service, built by Youdao and a number of education industry partners, allows mobile education partners to submit apps to the open platform for distribution through Youdao's Youdao Dictionary and Youdao Translation mobile apps, among other platforms. Youdao will provide partners as much as RMB 10 mln in promotional support on the platform.
In addition to video courses, the Youdao Online Education Open Platform also consists of mobile study tools and resources, including study apps, e-books, and testing tools. The platform will also provide technical assistance to educational institutions that have not yet developed online education products.
The user base of Youdao Dictionary has surpassed 400 mln, with 60 mln monthly active users (MAUs).