Edtech startup Udemy rides pandemic bump in remote learning
While on-line learning plays in China have taken a hard hit from a tightening in government policy, the US has seen a boom in edtech sector, which benefits hugely from the pandemic-led shift toward remote learning.
Riding the wave, Udemy filed to go public earlier this week according to reports.
The IPO filing reveals a surge in Udemy’s revenue, which grew more than 55 percent year on year to US$430 million in 2020. First half revenue in 2021 continued to expand, albeit at a slower clip of 24.5 percent over the same period last year.
The on-line learning service provider has raised more than US$300 million so far according to TechCrunch data. The latest round of fund-raising in late 2020, in which Tencent was one of the key investors, valued the company at more than US$3.2 billion.
Udemy has two major business segments, one aimed at consumers and the other at corporate clients, with courses ranging from machine learning to starting your own home business.
-- Contact us at [email protected]
-
Green buildings cool down the city Dr. Winnie Tang
According to a new update issued by the World Meteorological Organization (WMO) recently, global temperatures are likely to surge to record levels in the next five years, fuelled by heat-trapping
-
Heat in May but can’t get away Ben Kwok
Nothing we can do to stop the early heat wave that hits Hong Kong and China. Except of course you turn on the air-conditioner 24 hours a day, or go to another country. I chose the latter. Here I am
-
One day, two mountains in Hong Kong Ben Kwok
Heavy rain poured again this morning in Guangdong and I was stuck at a building near the East station to catch the first high-speed train back to Hong Kong. A security guard approached this puzzled
-
Not a Happy Valley! Ben Kwok
Bad news does not come singly in Happy Valley! Days after Hong Kong Jockey Club suspended the two jockeys Vagner Borges and Silvestre de Sousa for their betting offences, more shocking news came from
-
Crowdsourced maps can enhance city’s efficiency and flexibility Dr. Winnie Tang
Although Britain's global influence has dwindled, its soft power should not be underestimated. The coronation of King Charles III is the latest showcase of its great marketing which, as The Economist
