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
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will d...
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...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more than 24 years of IT Operations experience with a focus on highly-scalable architectures.
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
CI/CD is conceptually straightforward, yet often technically intricate to implement since it requires time and opportunities to develop intimate understanding on not only DevOps processes and operations, but likely product integrations with multiple platforms. This session intends to bridge the gap by offering an intense learning experience while witnessing the processes and operations to build from zero to a simple, yet functional CI/CD pipeline integrated with Jenkins, Github, Docker and Azure...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Dhiraj Sehgal works in Delphix's product and solution organization. His focus has been DevOps, DataOps, private cloud and datacenters customers, technologies and products. He has wealth of experience in cloud focused and virtualized technologies ranging from compute, networking to storage. He has spoken at Cloud Expo for last 3 years now in New York and Santa Clara.
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
Containers and Kubernetes allow for code portability across on-premise VMs, bare metal, or multiple cloud provider environments. Yet, despite this portability promise, developers may include configuration and application definitions that constrain or even eliminate application portability. In this session we'll describe best practices for "configuration as code" in a Kubernetes environment. We will demonstrate how a properly constructed containerized app can be deployed to both Amazon and Azure ...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.