May 2026
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Largest Education Software Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
East Buy, Youdao, Shenzhen Fangzhi Science, Qibu and 51 Talk.
 | East Buy Holding Ltd is a live-streaming platform that focuses on selecting premium products for customers. The company operates in three reportable segments: Private Label Products and Livestreaming E-Commerce, College Education, and Institutional Customers. The majority of its revenue comes from private label products and the direct e-commerce segment, i.e., direct online commerce with private label products sold to individual customers and providing commission services. | $3 | +75% | $3B | $2B | 3.5x | 138.1x | ||
| Youdao Inc develops and markets software applications. It engages in developing technologies to provide learning content, applications, and solutions. The firm operates in three segments: Learning services, Smart devices, and Online marketing services. The majority of its revenue comes from the Learning services segment, which generates revenues from online courses, mainly including Youdao Premium Courses, NetEase Cloud Classroom, and China University MOOC. The learning products segment includes sales of smart devices such as the Youdao Dictionary Pen and the Youdao Pocket Translator. Geographically, all of its revenue is generated from the People's Republic of China. | $13 | +40% | $2B | $2B | 2.0x | 44.9x | ||
| Shenzhen Fangzhi Science & Technology Co Ltd is engaged in Research, development and sales of synchronous educational software for primary and secondary schools, and provide online services. | $2 | +29% | $493M | $435M | 32.5x | 118.8x | ||
| Qibu Co Ltd operates in the apparel industry. The company designs and develops, produces, and sells children's shoes, children's wear, and children's clothing accessories. The company's main product brand is ABC KIDS. | $1 | -- | $418M | $438M | 18.8x | (28.2x) | ||
| 51 Talk Online Education Group is an online education platform in China, with core expertise in English education. The company's mission is to make quality education accessible and affordable. It's online and mobile education platforms enable students across China to take live interactive English lessons with overseas foreign teachers, on demand. The Group operates in seven principal geographical area: China, Hong Kong, Philippines, Singapore, Malaysia, Thailand and Saudi Arabia. | $26 | +33% | $159M | $123M | 1.3x | (8.8x) | ||
| Yxt.Com Group Holding Ltd operates as a technology company. The company has created a SaaS model that integrates software and content, assisting customers in the digital transformation of corporate learning. The company operates in the People’s Republic of China. | $0 | -53% | $27M | $37M | 0.7x | (1.8x) | ||
| Jinxin Technology Holding Co is a company which operates through its subsidiaries are principally engaged in provision of digital textbook subscription services in the People’s Republic of China. The company generates revenue by selling its content to hardware manufacturers in China whereby are allowed to install the company’s digital educational content on the manufacturers’ devices for sale to end users. | $0 | -74% | $24M | $15M | 0.2x | (1.6x) | ||
| Netclass Technology Inc is a business-to-business smart education specialist, providing IT solutions to schools, training institutions, corporations, public agencies and other institutions or corporate customers. It offers SaaS subscription service and application development. The solution's modules include teaching management, campus management, online teaching, online examination, epidemic prevention and control, education credit blockchain system, and lecturer evaluation services. | $0 | -92% | $16M | $17M | 1.7x | (1.8x) | ||
| Median | $1 | +29% | $289M | $279M | 1.8x | (1.7x) |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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