May 2026
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Largest Education & Training Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
New Oriental Education, TAL Education, East Buy, Offcn Education Technology and Youdao.
 | New Oriental Education & Technology is a prominent private education provider in China, offering a wide array of educational services. These include overseas test preparation and consulting services, high school academic tutoring, nonacademic tutoring, and intelligent learning systems and devices. Additionally, the company holds a 57% ownership stake in East Buy, a leading player in the livestreaming e-commerce market. | $5 | +8% | $8B | $4B | 0.9x | 6.1x | ||
| TAL Education Group is a smart learning solutions provider in China. It operates a few business lines including enrichment learning, high school academic tutoring, learning technology, and content solutions. Among those business lines, TAL focuses on enrichment learning and content solutions. | $11 | +7% | $6B | $4B | 1.6x | 72.2x | ||
| 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 | +84% | $3B | $2B | 3.8x | 147.7x | ||
| Offcn Education Technology Co Ltd is China's multi-category vocational education institution and civil servant entrance examination training company. The company serves the younger demographic including college students and university graduates throughout mainland China. | $0 | -10% | $2B | $3B | 7.8x | 35.9x | ||
| 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. | $12 | +29% | $1B | $2B | 1.9x | 41.5x | ||
| China Education Group Holdings Ltd is a ultra-large-scale private education group in China with 30 years of experience in higher education operations. CEG's schools offer both higher vocational education and secondary vocational education. The school network spans domestic China and overseas. CEG's full-time student enrollment was about 270,000 as of August 2024. | $0 | -25% | $715M | $1B | 1.2x | 3.0x | ||
| Gaotu Techedu Inc is a technology-driven education company that provides online live courses in a large-class setting backed by its proprietary technology infrastructure. The company offers courses in large-class format, which amplifies the benefits of online education and allows it to rapidly expand its student base. It operates solely in the PRC and all assets are located in the PRC. The learning services that the company offers include Traditional Learning Services, Non-Academic Tutoring Services, and College Student and Adult Education Services. It derives maximum revenue from Learning Services and also from Educational content & digitalized learning products. | $2 | -50% | $453M | $54M | 0.1x | (1.0x) | ||
| Jiangsu Chuanzhiboke Education Technology Co Ltd provides online training courses. | $1 | +19% | $423M | $373M | 6.7x | (52.5x) | ||
| Tianli International Holdings Ltd operates as a private education service provider in Western China. The Company provides clients with integrated education management and diversified services. Its services mainly include comprehensive education services, training services, study trip services, early childhood education services, canteen operations, management and franchise, as well as supply chain management services. The Company also offers extracurricular programs in music, arts, physical education, and languages, as well as licensing rights to its brands for early childhood centers. Geographically, it derives revenue from the PRC. | $0 | -57% | $413M | $764M | 1.4x | 4.1x | ||
| China Beststudy Education Group is an investment holding company. Along with its subsidiaries, it is engaged in providing education-related courses, including full-time revision business (equivalent to full-time test preparation programs), talent education, self-study programs, vocational education, and after-school tutoring programs. It generates maximum revenue from the provision of talent education services. Geographically, the company generates a majority of its revenue from Mainland China. | $0 | -- | $362M | $232M | 0.8x | 3.0x | ||
| China YuHua Education Corp Ltd is principally engaged in the provision of private formal education from high school to university education services in the Chinese mainland and the Kingdom of Thailand. The company has two reportable segments, namely High Schools and Universities and Vocational college. The majority of revenue is derived from the Universities and Vocational college segment. | $0 | -22% | $221M | $54M | 0.1x | 0.2x | ||
| Fenbi Ltd operates as a non-formal vocational education and training (VET) service provider in China. The company providing a comprehensive suite of recruitment and qualification examination tutoring courses for adult students pursuing careers in government-sponsored institutions and several professions and industries. The company helps college graduates excel in the competitive selection process administered by governmental institutions and helps professionals obtain the relevant qualifications. Its segments are Tutoring services and Sales of books. The company generates the majority of its revenue from Tutoring services, which are classroom-based platforms teaching to students who physically attend the lecture centers or through an online platform. | $0 | -66% | $209M | $39M | 0.1x | 0.9x | ||
| 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. | $27 | +36% | $161M | $125M | 1.3x | (8.9x) | ||
| iHuman Inc is a Chinese company that uses artificial intelligence to create technology-driven puzzle products for children, making parenting easier and children happier. The company offers a range of intellectual development products that are designed to make the child-rearing experience more manageable for parents while turning intellectual development into a fun journey for children. Its revenue is generated from subscription fees paid by users for premium content on their self-directed and interactive online applications, as well as offline products and other sources. | $2 | -30% | $85M | ($83M) | (0.7x) | (7.5x) | ||
| Youlife Group Inc is a blue-collar lifetime service provider with a nationwide network of 25 vocational schools under school management model and 25 curriculum development projects, covering a total of 37 cities or counties under 16 provinces of China. | $1 | -- | $66M | $68M | 0.2x | 13.9x | ||
| ATA Creativity Global is an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity. The operating segments of the company are (i) Overseas art study services (ii) Other educational services and (iii) Other services. Majority of its revenue comes from Overseas art study services. | $1 | -- | $50M | $44M | 1.1x | (34.3x) | ||
| Median | $1 | -10% | $418M | $302M | 1.1x | 3.0x |
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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