Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

English-language Education App 'Speak Fluent English' Wins USD 100 Mln Series C

The Beijing News, 7/26/17

Shanghai-based Liulishuo Information Technology, operator of mobile spoken English learning app Yingyu Liulishuo (literally "Speak Fluent English"), announced today the completion of nearly USD 100 mln in Series C funding, jointly led by China Media Capital (CMC) and Wu Capital. Earlier investors also participated in this round, including Trust Bridge Partners, IDG Capital Partners, Granite Global Ventures, Cherubic Ventures, and Hearst Capital.

Liulishuo, which began operation in 2012, offers English learning materials and professional speaking training courses via the Yingyu Liulishuo app. As of early July, the app had more than 45 mln registered users.

Liulishuo launched an artificial intelligence (AI) English teacher in July 2016, and incorporated customized interactive courses using the AI teacher in its flagship mobile app. In the year since its launch, the AI teacher has accumulated nearly 600,000 paid users, allowing Liulishuo to achieve profitability in February 2017.

Liulishuo has also formed a strategic partnership with K-12 after-school tutoring services provider TAL Education Group (NYSE: TAL), to offer its spoken English testing technology on TAL's platforms.

Keywords: Liulishuo funding mobile education wireless Wu Capital China Media Capital Series C Trust Bridge Hearst Cherubic Yingyu Liulishuo IDGVC GGV Capital language learning

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports