51Talk Online Education Group
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About COE
51Talk Online Education Group operates an online education platform with core expertise in English education. The Company's online and mobile education platforms enable students to take live interactive English lessons, on demand. The Company connects its students with a large pool of teachers that it assembled using a shared economy approach and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students. It provides English course offerings in Hong Kong, Malaysia, and certain other countries and regions. It mainly conducts one-on-one online live English courses taught by teachers from the countries and regions outside mainland China, targeting children aged five to 12.
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$115.66M
-
0.00%
15.26K
$20.72
$19.71
$20.00
$21.97
$6.00
What is COE (China Online Education)?
China Online Education Group wants to help China speak with the rest of the world. Since most of us have been slow to learn Mandarin, they provide online English language education services to students in China and the Philippines.
Also known as 51Talk, the company was founded in 2011 by CEO Jack Jiajia Huang. 51Talk is China’s largest online English education company, having developed three distinct business units to facilitate online lessons — Hello World American Academy, iNET and 51Talk Philippines.
Via their digital learning platform, AirClass, 51Talk offers one-on-one as well as group lessons. Its student curriculum is developed in-house and is tailored to give Chinese and Filipino students the ability to speak practical English.
51Talk currently operates out of Beijing, China.
Has the China for-profit tutoring ban affected COE?
Yes, the Chinese Communist Party’s (CCP) for-profit tutoring ban has severely impacted 51Talk.
Since the announcement of education sector reforms on July 24th, 2021, the COE share price has lost more than 65% of its market value. COE’s price has dropped from US$3.36 to US$1.32 as of the beginning of March 2022.
What happened with the China ban?
As part of education sector reforms, the CCP announced that Chinese education companies were no longer allowed to raise foreign capital or even turn a profit. Effectively, all Chinese education companies now operate as non-profit organisations.
As per the Chinese Communist Party’s website:
“Curriculum subject-tutoring institutions are not allowed to go public for financing; listed companies should not invest in the institutions, and foreign capital is barred from such institutions.”
The education reforms were put in place by the CCP in an effort to make raising and educating children easier and more affordable. They also play a part in the CCP’s “Common Prosperity” program, a program designed to close the wealth gap between China’s richest and poorest.
Effects of the China for-profit ban on education stocks like COE
Since the CCP’s reforms were put in place, many other leading Chinese education company’s stocks have also plummeted over 60% in market value.
Some include New Oriental Education and Technology Group (EDU), TAL Education Group (TAL) and Gaotu Techedu Inc. (GOTU).
Many of the CEOs of these companies are no longer billionaires.
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This is not financial product advice nor a recommendation to invest in the securities listed. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.
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