May 2026
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Largest EduTech Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
TAL Education, East Buy, Youdao, Duolun Technology and Qibu.
 | 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. | $10 | -2% | $6B | $3B | 1.4x | 65.4x | ||
| 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 | +89% | $3B | $2B | 3.4x | 134.1x | ||
| 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. | $12 | +35% | $1B | $2B | 1.8x | 40.6x | ||
| Duolun Technology Corp Ltd develops motor vehicle driving training and examination system, vehicle driving simulation training systems, intelligent traffic management application platform, traffic signal control systems and electronic police systems. | $1 | -16% | $715M | $568M | 9.6x | 255.7x | ||
| 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 | -- | $456M | $476M | 20.4x | (30.5x) | ||
| Jiangsu Chuanzhiboke Education Technology Co Ltd provides online training courses. | $1 | +11% | $424M | $374M | 6.7x | (52.4x) | ||
| 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 | -52% | $413M | $137M | 0.2x | (2.6x) | ||
| 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 | -68% | $381M | $734M | 1.4x | 3.9x | ||
| 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 | -71% | $197M | $26M | 0.1x | 0.6x | ||
| 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 | -23% | $154M | $118M | 1.2x | (8.4x) | ||
| 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. | $2 | -3% | $96M | $97M | 9.9x | (10.6x) | ||
| 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 | -29% | $91M | ($77M) | (0.6x) | (7.0x) | ||
| 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 | $38M | 0.8x | (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 | -71% | $24M | $15M | 0.2x | (1.6x) | ||
| 17 Education & Technology Group Inc is an education technology company in China. It offers smart, in-school, teaching and learning SaaS offerings assist students, teachers, schoolmasters and educational authorities across China. It also offer other educational products and services that complement students’ in-school learning. Geographically group operates in China. | $2 | +6% | $22M | ($35M) | (2.3x) | 1.6x | ||
| Rapid Line Inc is engaged in the online education business. It provides an online learning service, and additional play-based studying in the form of a quiz tool according to a school program available from anywhere using the phone and internet connection. The company offers play-based studying that addresses the educational and personal development of children from 7 to 16 years old through purposeful quizzes. | $0 | -98% | $436K | $447K | - | - | ||
| Median | $1 | -23% | $289M | $127M | 1.4x | (1.6x) |
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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