SHANGHAI, Apr 25, 2012 /PRNewswire around COMTEX/ –
Online denunciation live credentials association TutorGroup (the primogenitor association of VIPABC.com and TutorABC.com), a premier provider of live synchronous e-Learning services, announced now that it has lifted US$15 million in enlargement financing from Qiming Venture Partners. This investment will account a quick enlargement and extended smoothness of TutorGroup services around China.
The quick enlargement of China’s private credentials marketplace is being driven by globalization, and a English credentials shred that TutorGroup essentially targets has an addressable marketplace of over US$17 billion by 2015, that is flourishing during 25% annually. Mr. JP Gan, Managing Partner of Qiming Venture Partners, said: “We value a extensive intensity of TutorGroup’s scalability, protracted by worldwide training resources around internet; TutorGroup’s tutors and business are all situated all around a world, a loyal use of globally handling business model.” He added, “We demeanour brazen to building a good association together and apropos a world’s largest online credentials platform.”
Dr. Eric Yang, TutorGroup’s CEO, said: “Our partnership with QiMing Venture Partners represents another poignant miracle for TutorGroup. It demonstrates a clever confirmation of a feat and viability of a business model.”
Since 2004, TutorGroup has been a personality in a enlargement of a scalable e-Learning height for 24/7/365 uninterrupted live tutoring. TutorGroup is now one of a world’s largest online live denunciation training companies to yield a business self engagement and customized training resolution with a exclusive module for energetic training experience. Synchronous communication between teachers and students during online classes has swept a marketplace of veteran clienteles and vital corporate. To date, with VIPABC.com and TutorABC.com in mainland China and Taiwan respectively, TutorGroup has conducted over 5 million classes for their tyro and clients accessing in 14 countries.
To residence and say clergyman quality, TutorGroup as a heading code employs a industry’s many severe training program; and TutorGroup was a initial to deliver a consequence compensate module where tyro examination of clergyman opening sets clergyman pay, formulating a self-sustaining ecosystem of tip peculiarity instructors.
TutorGroup has determined a cloud computing design for personalized denunciation training. This exclusive design is now complimented by a network of over 1,000 approved tutors in 60 cities worldwide, providing students 24/7 entrance to peculiarity English denunciation consulting in 14 countries. TutorGroup offers online classes from conversational and business English to credentials for standardised denunciation tests. With a apartment of exclusive module modules to guard and lift a live training knowledge and law fuzzy-coupling resource that smart-selects doctrine skeleton and teachers formed on a student’s background, preferences, inclination turn and needs, TutorGroup has redefined a judgment of customized training solutions.
TutorGroup’s launch of a browser-based TutorMobile® classroom on a Android height in 2011 noted a world’s initial synchronous concentration of a kind; and a most expected recover of TutorMobile® on a iOS for both iPads and iPhones in a second entertain of 2012 will again lift a bar in classroom delivery, creation training truly mobile and zodiacally accessible.
Dr. Eric Yang, TutorGroup’s CEO, said: “Teaching is eminent and probably still a use business. TutorGroup embraces e-learning 2.0 and strives for any patron to take control of and maximize a use of their time in learning. The internet has flattened a world, and it has altered a elemental landscape of education. We will continue to move disruptive creation into this elaborating frontier. TutorGroup’s peculiarity of credentials is built on a ‘Education as a Service’ philosophy.”
TutorGroup’s initial concentration on a denunciation training needs of operative professionals and vital corporate has fast stretched into mixed brands and products to use opposite markets. Of sold significance is a further of TutorABCJr.com for students from grades 6 to 12 and Mandarin denunciation training underneath a TutorMing.com brand, a reward shred display earnest growth. Notably a series of AP Chinese denunciation examination exam takers and those study Mandarin in US colleges have doubled in new years, creation Mandarin a fastest flourishing second denunciation in a U.S. On a worldwide scale, learners of Mandarin have reportedly reached 40 million. This trend signals an huge marketplace event for accelerating TutorGroup’s enlargement into different geographic and denunciation markets.
About Qiming Venture Partners
Qiming Venture Partners is a heading try collateral organisation in China with offices in Shanghai, Beijing, Hong Kong, and Seattle. Founded in Feb 2006, Qiming now manages 5 supports with US$1.1 Billion in resources and focuses on early to enlargement theatre investments in Information Technology, Internet and Consumer, Healthcare, and Cleantech. Qiming’s over 20 partners and investment professionals who all have clever operational knowledge and successful investment lane annals supplement a good understanding of value to a portfolio companies. Qiming has invested in over 60 companies and many of them have left IPO or mergers and acquisitions. Qiming has determined a good repute and strives to be a tip investment partner by a Chinese entrepreneurs. Visit
www.qimingventures.com for some-more information.
About TutorGroup
Founded in 2004, TutorGroup is a leading, online denunciation hospital specializing in English training in Asia and Mandarin Chinese training for tellurian business professionals. TutorGroup combined a initial commercially accessible synchronous training portal in a universe and grown 4 distinguished use product businesses including VIPABC.com, TutorABC.com, TutorABCJr.com for English training and TutorMing.com for Mandarin Chinese. To date TutorGroup has conducted over 5 million classes in 14 countries. Visit
www.tutor-group.com for some-more information.
Contactsï¼s
TutorGroup Inc.+86-4006303022Investor Relations: ir@tutor-group.comPress Inquiry: press@tutor-group.com
SOURCE TutorGroup Inc.
Copyright (C) 2012 PR Newswire. All rights reserved