Economic Weekly, 1/05/15
Fu Cairui, Chairman of Shanghai-based Hujia Culture Broadcasting, operator of English-learning website HJEnglish.com, stated in a recent interview that HJEnglish has 80 mln users and is growing at a rate of more than 10,000 new users per day. The company hopes to reach 150 mln users in 2015. Hujia Culture Broadcasting will invest RMB 300 mln to develop a mobile app for HJEnglish and shift the company's focus towards purely mobile internet education. Hujia Culture Broadcasting has a valuation greater than USD 1 bln.
Editor's Note: For more information on this topic, please see "Rumor: HJEnglish Lands Second-Round USD 20 Mln," MD 6/25/13 and "Rumor: HJEnglish Plans Domestic IPO," MD 6/04/14 issues.
Hujia Culture Broadcasting
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