May 2026
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Largest Learning Platforms Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
East Buy, COL Group, Youdao, Gaotu Techedu and Jiangsu Chuanzhiboke.
 | 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 | +96% | $3B | $3B | 4.2x | 162.6x | ||
| COL Group Co Ltd is a digital content provider in China. It has presented two development strategies Literature+ and Education+. The company has over 70 million users of its own and over 600 million cooperation users. Its one of the project includes Digital Library in Primary and Secondary Schools which covers more than 50000 primary and secondary schools and around 2000 colleges and university. | $4 | +42% | $3B | $3B | 12.8x | (40.5x) | ||
| 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. | $11 | +21% | $1B | $2B | 1.8x | 51.8x | ||
| 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% | $458M | $60M | 0.1x | (1.0x) | ||
| Jiangsu Chuanzhiboke Education Technology Co Ltd provides online training courses. | $1 | +8% | $385M | $319M | 5.7x | (45.1x) | ||
| 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 | -60% | $242M | $73M | 0.2x | 1.7x | ||
| 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. | $28 | +41% | $168M | $132M | 1.4x | (9.4x) | ||
| 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% | $87M | ($80M) | (0.7x) | (7.3x) | ||
| Sunlands Technology Group is a provider of online post-secondary and professional education services in China. The company offers various degree- and diploma-oriented post-secondary courses through its online platforms. In addition, it provides online professional courses and educational content to help students prepare for professional certification exams and attain professional skills. The Group has one operating segment, which is the provision of online education services. | $3 | -43% | $42M | ($56M) | (0.2x) | (0.8x) | ||
| Ruanyun Edai Technology Inc is primarily engaged in providing online academic exercise question banks with A.I. capabilities, online classes and homework, and on-demand lectures and evaluations that cover all K-12 subject fields and grade levels. | $1 | -92% | $38M | $40M | 6.0x | (319.8x) | ||
| 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. | $3 | +28% | $26M | ($32M) | (2.0x) | 1.4x | ||
| 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 | -96% | $436K | $447K | — | (16.2x) | ||
| Median | $2 | -10% | $205M | $66M | 1.4x | (4.2x) |
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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