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Yiqie

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Intelligent K-12 education platform for online assignments

ChinaFounded 2012
Total funding $100–500M Disclosed equity funding
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About Yiqie

17 Education & Technology Group Inc., operating as Yiqie Technology, is a Cayman Islands-registered company that has become a leading K-12 intelligent education platform. Founded in 2011, the company's product officially launched as China's first K-12 online homework platform. The mission of the company is "to make learning a beautiful experience" by providing more efficient products for schools, families, and social education settings through educational technology and content.

The company was co-founded by Andy Chang Liu, who also serves as the Chairman of the Board and CEO. Over the years, Yiqie has achieved significant milestones. By 2012, it had over 1 million registered student users, a number that surged to 10 million by 2014. The company launched its mobile app for students in 2015 and reached over 50 million registered users by 2017. A major technological step was the introduction of the Socrates intelligent learning system in 2018. In December 2020, the parent company, 17 Education & Technology Group, was officially listed on the Nasdaq stock exchange under the ticker YQ.

Yiqie's business model is centered on providing an online platform that connects the in-school and out-of-school learning environments. It serves K-12 students, teachers, and parents across China, with its products being used in over 70,000 public schools in more than 365 cities. The platform offers online assignments, skill-enhancement tools, and a space for parent-teacher-student interaction, covering subjects like primary school English and mathematics. The company also employs online tutors to assist students.

Source: Dealroom company data

At a glance

Founded
2012
Headquarters
China

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • LeafHouse Financial
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Global footprint

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🇨🇳 China HQ
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