Welcome!

News Feed Item

TutorGroup, World’s Largest English-Language Learning Institute, Adds SBI Group as Investor

TutorGroup, the leading online education platform and largest English-language learning institution in the world, has added SBI Group (formerly known as Softbank Finance Group) as a strategic investor, adding another globally known company to its portfolio of investors. SBI Group has invested in TutorGroup through its education-focused fund SBI-Fudan Fund. The investment comes on the heels of their recent Series B round that closed in February, which totaled nearly $100 million USD with participation from Alibaba Group, Singapore based investment company Temasek and Qiming Venture Partners.

In addition to an already well-respected strategic counsel, SBI Group will provide invaluable local expertise as TutorGroup continues their platform expansion across Asia, including Japan in the near future.

SBI Group is a world-renowned financial group that provides a variety of one-stop financial services over the Internet. In addition to building fully Internet-based financial services including the securities business, banking business, insurance business, forex margin trading platform and Proprietary Trading System (PTS), SBI Group is one of the largest venture capital firms in Asia. Fudan-SBI Fund was jointly established by SBI Group and Shanghai Fudan Forward S&T Co., Ltd under Fudan University, a leading university in China. The fund specializes in investments in education and related sectors.

“We are honored and excited to add SBI Group as an investor to our already strong portfolio,” said Dr. Eric Yang, co-founder and Chief Executive Officer of TutorGroup. “In our investor group, we now have some of the strongest strategic and financial minds across China, Singapore and Japan. In looking for strategic partners, we are fortunate to have found excellent partners, such as Alibaba Group, Temasek and SBI Group to help us further accelerate from our leadership position. We will use this round of investment to expand our global operations, which includes rapid hiring for our Silicon Valley office, where we house R&D and operations for TutorMing.com, our Mandarin Chinese education platform.”

“TutorGroup is premiere Internet technology platform,” said Li Peilung, Chairman of SBI China. “Its highly integrated technological platform enables unlimited imagination for diversified and explosive growth of its business in the future. We are keen to help them capitalize on our experience and influence within the Internet financial sector to help TutorGroup strengthen its existing platform, develop new business and accelerate its expansion in Asia and around the world.”

“Fudan-SBI Fund has invested in TutorGroup because we value their innovation in online education, which allows a wider range of people to enjoy the highest quality educational resources anytime, anywhere,” said Zhou Lan, partner at Fudan-SBI Fund. “In the future, we will provide the fund's resources and experience in education investment to support TutorGroup’s growth, and work together to create a better future.”

With more than 2,000 teachers in 30 countries and 60 cities around the world, TutorGroup provides real-time interactive language learning through millions of class sessions annually. Launched in 2004, with offices throughout Asia and a core R&D team based in Silicon Valley, TutorGroup created the first commercially available synchronous learning portal in the world, connecting online learners and teachers wherever they are around the globe, and dynamically recommending the optimal class size, learning pace and content, selected from more than 10,000 hours of already-created learning material.

The recommendations are honed through a proprietary technology platform that combines software, the individual student’s history, and data analytics, leveraging the data from more than 10 years of online courses, totaling more than 5 million sessions. The technology stack also serves as a 24/7 support module, a CRM tool, student and teacher memory, course management, and a “classroom manager” that ensures each student learns at a pace and a class size that best suits them.

This platform and technology stack make TutorGroup the best solution for the future of online education. Its recommendations for content, course size, teachers and pace improve as students complete more courses. At any given moment, more than 10,000 hours of course content is available for live learning, all of which is user-rated and is constantly checked for accuracy and against current events. Teachers and students can each learn when they want and where they want, and at their own pace. Neither the teachers nor the students need a brick-and-mortar school, helping education reach hard-to-access areas.

Through this platform, TutorGroup currently offers online language-learning courses, such as TutorABC and VIPABC for English-language learning for students in the greater China region, TutorABC Jr. and VIPABC Jr. for English language learning students between the ages of 8 and 18, and TutorMing for Chinese language learners internationally.

About TutorGroup

TutorGroup is the premiere online education platform and largest English-language learning institution in the world, serving students that range from global business professionals to young children. Founded in 2004, TutorGroup has educated students in 40 countries, and hosted more than 5 million classroom sessions through its five, award-winning service product businesses, including VIPABCTutorABC, VIPABC Jr. and TutorABC Jr. for English training and TutorMing for Mandarin Chinese. Visit www.tutor-group.com for more information.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
"We are a monitoring company. We work with Salesforce, BBC, and quite a few other big logos. We basically provide monitoring for them, structure for their cloud services and we fit into the DevOps world" explained David Gildeh, Co-founder and CEO of Outlyer, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 21st Int\ernational Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their ...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists examined how DevOps helps to meet the de...
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo Silicon Valley which will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is at the intersection of technology and business-optimizing tools, organizations and processes to bring measurable improvements in productivity and profitability," said Aruna Ravichandran, vice president, DevOps product and solutions marketing...
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists discussed...
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, presented a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to ma...