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- Hujiang Education Technologies
Hujiang Education Technologies Revenue, Valuation, Funding & Investors
Hujiang Education Technologies is valued at $1B as of October 2015, a 12.5x multiple on its last reported $80M revenue.
Last Hujiang Education Technologies valuation
$1B
Series D · Oct 2015
Last Hujiang Education Technologies funding round
$157M
Series D · Oct 2015
Hujiang Education Technologies revenue
$80M
Series D · Oct 2015
Key investors in Hujiang Education Technologies
China Minsheng Investment Group
Anhui Xinhua Media
About Hujiang Education Technologies
Hujiang Education Technologies is a Shanghai-based online education platform at hujiang.com. It offers courses in English language learning, K-12 subjects, vocational training, and test preparation, serving millions of users with interactive digital content and live tutoring.
Founded
2001
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Revenue
$80M (Oct 2015)
Valuation
$1B (Oct 2015)
Hujiang Education Technologies Valuation
Hujiang Education Technologies is currently valued at $1B, based on its Series D in October 2015.
The $157M round was led by China Minsheng Investment Group, with participation from Anhui Xinhua Media.
Hujiang Education Technologies valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Oct 2015 | Series D | $1B | 12.5x |
Hujiang Education Technologies Revenue
Hujiang Education Technologies' latest recorded revenue is $80M, as of its Series D in October 2015. At a $1B valuation, that implies a 12.5x revenue multiple.
Hujiang Education Technologies revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Oct 2015 | $80M | $1B | 12.5x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Hujiang Education Technologies Funding History
Hujiang Education Technologies has raised a total of $177M across 2 funding rounds.
Hujiang Education Technologies' first fundraising round was a $20M Series B in January 2013. The most recent completed round was a $157M Series D in October 2015.
Hujiang Education Technologies funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2015 | Series D | China Minsheng Investment Group (lead); Anhui Xinhua Media | $157M | $1B | Hujiang Education Technology is a Shanghai-based online education platform founded in 2006 that provides learning products and services covering school placement, overseas studies, foreign language and career development. The company operates the CCtalk mobile application, a community-based learning platform connecting students and teachers, as well as permitting third parties to list courses for a fee. In October 2015, Hujiang completed a Series D financing round of RMB 1 billion (US$157 million) from investors including China Minsheng Investment Corp., Wanxin Media, and other backers, with Baidu co-founder Li Yanhong among its shareholders. By the time of its Hong Kong IPO filing in 2018, Hujiang reported 170 million registered users and offered 2,000 courses spanning primary, secondary, and tertiary education segments as well as professional education. The company demonstrated strong revenue growth in subsequent years, posting CNY 555 million in 2017 revenue (up from CNY 185 million in 2015) with a three-year CAGR of 73%, though year-on-year growth moderated from 84% to 63% between these periods, and the firm spent approximately half its income on research and development. |
| Jan 2013 | Series B | - | $20M | - | Hujiang Education Technologies is a Shanghai-based edtech company providing online language learning, communication, information, and services, including the CCtalk mobile app for community-based learning connecting students and teachers, with third-party course listings. It raised a total of approximately $187-223 million across 5 funding rounds from 2009 to 2019, including a $20 million round in January 2013, a $157 million Series D in October 2015 at $1 billion valuation, and a Series E of $46.29 million in February 2019. Investors include Baidu co-founder Li Yanhong and China Minsheng Investment Group. The company targeted a Hong Kong IPO around 2018 to raise $250-300 million. In 2017, it reported 170 million registered users, 2,000 courses across primary, secondary, tertiary, and professional education, with revenue of 555 million yuan ($83.3 million, up 63% YoY) but widening losses to 537 million yuan due to increased admin, sales, R&D, marketing, and brand development costs, focusing on big data, AI, and study behavior analytics. The Chinese edtech market was estimated at $30 billion in 2017 by Frost & Sullivan. |
Who has invested in Hujiang Education Technologies?
2 investors have backed Hujiang Education Technologies across its funding rounds, including China Minsheng Investment Group and Anhui Xinhua Media.
Lead investors include China Minsheng Investment Group.
Hujiang Education Technologies Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialInvestments by Hujiang Education Technologies
Hujiang Education Technologies has invested in 6 companies to date.
Latest investment by Hujiang Education Technologies was on September 18th 2017. Hujiang Education Technologies invested in Jing Meiti in their $500K Angel round.
Latest Investments by Hujiang Education Technologies
| Description | Jing Meiti is a Beijing-based provider of AI engines tailored for education and media sectors in China. Its products include Whale Media for content generation, Whale Pyramid for personalized learning paths, and specialized boxes for mood analysis, media distribution, and education delivery. The company hosts TEC education conferences and supplies AI-integrated textbooks, serving schools and broadcasters nationwide since 2018. | Xiaoyinka offers music education programs for children aged 4 to 12 via interactive classes and apps at xiaoyinka.com. Curriculum includes instrument basics, rhythm training, and ensemble performance tailored to young learners. | Lingua Education is a Chinese platform delivering blended online and offline language instruction through customizable teaching modes at 01teacher.com. It supplies proprietary teaching materials alongside native-speaker methods from instructors in China and abroad. The service features tailored curriculum design for individual learners, supporting subjects like English and other foreign languages in classroom and virtual settings. | - | |
| HQ Country | |||||
| HQ City | Beijing | Guangzhou | Shanghai | - | |
| Deal Date | 18 Sep 2017 | 22 Mar 2017 | 5 Dec 2016 | 19 Sep 2016 | |
| Round | Angel | Seed | Seed | Angel | |
| Raised | $500K | $400K | $3M | $400K | |
| Investors | New Oriental Education | - | Shunwei Capital | - | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Hujiang Education Technologies investments and their VC round multiples. Start Free Trial | |||||
Hujiang Education Technologies Competitors
Hujiang Education Technologies competitors include listed companies like Coursera and Youdao, and private ones like Knowbox, Newsela, Quizlet and LEAD.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1.1B | - | ||
| Publicly listed | $758M | ($49M) | $1.4B | 0.3x | ||
| Publicly listed | $881M | $29M | $1.7B | 2.0x |
Hujiang Education Technologies Public Comps
Hujiang Education Technologies is still privately-owned, but its public comps include American Public Education, Afya, Coursera, Docebo, Jiangsu Chuanzhiboke, Gaotu Techedu, Qibu, Youdao, MegaStudyEdu and I-Scream Media.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $649M | $64M | 1.1x | 1.1x | 11.6x | 7.8x | |||
| $719M | $289M | 2.3x | 2.2x | 5.6x | 5.0x | |||
| $758M | ($49M) | 0.5x | 0.3x | (7.7x) | 2.7x | |||
| $243M | $26M | 2.6x | 2.4x | 24.8x | 12.3x | |||
| $57M | ($7M) | 8.9x | 6.3x | (67.8x) | - | |||
| $917M | ($38M) | 0.2x | 0.2x | (4.3x) | (33.7x) | |||
| $24M | ($16M) | 15.3x | - | (23.0x) | - | |||
| $881M | $29M | 2.1x | 2.0x | 63.1x | 33.8x | |||
This data is available for Pro users. Sign up to see all Hujiang Education Technologies competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Hujiang Education Technologies
| When was Hujiang Education Technologies founded? | Hujiang Education Technologies was founded in 2001. |
| Where is Hujiang Education Technologies headquartered? | Hujiang Education Technologies is headquartered in Shanghai, China. |
| Is Hujiang Education Technologies publicly listed? | No, Hujiang Education Technologies is a private, VC-backed company. |
| What is Hujiang Education Technologies' valuation? | Hujiang Education Technologies was last valued at $1B in its Series D in October 2015. |
| How much funding has Hujiang Education Technologies raised? | Hujiang Education Technologies has raised $177M across 2 funding rounds. |
| What was Hujiang Education Technologies' last funding round? | Hujiang Education Technologies' last funding round was a $157M Series D in October 2015, led by China Minsheng Investment Group. |
| Who are Hujiang Education Technologies' investors? | Hujiang Education Technologies' investors include China Minsheng Investment Group and Anhui Xinhua Media. |
| What is Hujiang Education Technologies' revenue? | Hujiang Education Technologies' latest recorded revenue is $80M (October 2015). |
| What is Hujiang Education Technologies' revenue multiple? | Hujiang Education Technologies' latest valuation implies a 12.5x revenue multiple ($1B valuation on $80M of revenue). |
| Which companies are comparable to Hujiang Education Technologies? | Companies comparable to Hujiang Education Technologies include Knowbox, Newsela, Quizlet, LEAD, Coursera and Youdao. |
| How many companies has Hujiang Education Technologies invested in? | Hujiang Education Technologies has invested in 6 companies, including Jing Meiti, Xiaoyinka, Lingua Education, shoueredu.com, italki and Langying Jiaoyu. |
| What was Hujiang Education Technologies' last investment? | In September 2017, Hujiang Education Technologies invested in Jing Meiti's $500K angel round alongside New Oriental Education. |
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