Online English Education Platform 51Talk Reports Its Third Consecutive Quarterly Profit

prnewswire | September 16, 2020

Online Education Group ("51Talk" or the "Company") (NYSE:COE), China's leading online English education brand and the first online English education brand listed in the United States, released its second quarter 2020 financial results. In the second quarter, non-GAAP net income was RMB39.6 million, and GAAP net income was RMB32.8 million, amounting to the Company's third consecutive quarter of profitability and becoming China's only online English education brand to achieve it. 51Talk also continued to maintain a high gross margin of more than 70% and record high gross billings of RMB676.4 million. Operating cash flow was RMB172.1 million, a year-over-year increase of RMB72.9 million while net revenue was RMB493.5 million, a 40% increase year-over-year.

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CORPORATE EDUCATION AND TRAINING

Modern Compliance Training Startup Ethena Launches Code of Conduct Training

Ethena | August 04, 2022

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CORPORATE LEARNING SYSTEMS

Interplay Learning Announces the Release of New Online Workplace Safety Training

INTERPLAY LEARNING | August 29, 2022

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ONLINE EDUCATION

Skilldora partners with D-ID, launches first e-Learning platform & app to use A.I. Instructors in the U.S.

D-ID | September 09, 2022

Skilldora, an Ed-Tech startup based in Fort Mill, S.C., known for its modernized app-based eLearning community, today announced a partnership with D-ID, using its Creative Reality™ technology to deliver courses exclusively by A.I. Instructors, also referred to as digitally created humans. With the global eLearning market on track to reach 1.72 trillion by 2026 according to Yahoo Finance, evolving Ed-Tech enhancements give the academic sector a boost in growth, and online-learning is now the largest and fastest growing method for modern learners. Skilldora’s mission is to use the power of A.I. to deliver a new world of eLearning and is pleased to be the first online-learning platform in the U.S. to be a front-runner in pioneering the use of all A.I. Instructors on its platform, as a nod to the future of eLearning. The recent growth in the eLearning market also comes with its usual growing pains of high course drop-out rates, and astronomical refund costs creating significant challenges for e-Learners, course creators and platform owners. Research shows much of this is due to antiquated outdated online-course platforms and an influx of new course creators producing courses at varying levels of skill, leading to inconsistent and unpredictable user experiences. Skilldora's new e-Learning platform & app, seeks to solve this problem using its A.I. Instructed Courses™ to deliver consistently structured, high quality courses, perfectly presented in under an hour. Set up as a free-to-download membership site, with an in-app, pay-per-course, a la carte model, Skilldora is designed to appeal to the modern learner, offering advanced engagement functionality, collaborative learning features such as its ‘learn with friends capabilities,’ allowing for real time sharing and invites, social learning groups, community news feeds, etc. “We believe the world of eLearning is rapidly changing and learners want more interactive learning experiences, consistency in content quality and compact courses they can take over a lunch break. And Skilldora is answering the call by offering A.I. Instructed Courses™ across a bevy of professional development categories, interactive Personal Discovery Assessments with instant A.I. Coach feedback, and a ‘done-for-you’ B2B solution, which produces eLearning products on demand. DeMario and Dawn Nicole McIlwain, Skilldora's Co-Founders. Skilldora's vision is to be the A.I. eLearning solution leader for modern learners, and future-forward companies, and now through its partnership with D-ID, is one step closer. Behind the vision of Skilldora, are Husband and Wife Co-founders, DeMario and Dawn Nicole McIlwain. DeMario McIlwain, the brainchild behind Skilldora’s innovative platform and sleek functionality, brings deep technical expertise in UI/UX design with proven experience running tech ventures, while Dawn Nicole, the heartbeat of Skilldora’s course products, brings design-thinking as a certified Agile coach and globally accredited training program creator. With this perfect marriage of skills and background, the powerful duo merges their expertise to make something magical in Skilldora. About Skilldora Skilldora is a modernized e-Learning company specializing in A.I. Instructed Courses™ by using digitally created humans to deliver course content. Skilldora’s products and services span from its A.I. Instructed Courses™, to Personal Discovery Assessments with interactive A.I. Coach feedback, and a ‘done-for-you’ Corporate Training solution which produces eLearning products on demand, and to spec. Through collaborative strategic partnerships, and its competitive advantage of being first to the U.S. market, Skilldora is on track to virtually disrupt the eLearning industry, improve the user experience, and offer corporations more diversification options in eLearning, with advanced features that drastically increase the speed to market. To find out more, visit myskilldora.com. About D-ID D-ID is a Creative Reality™ company specializing in patented video reenactment technology using AI and deep learning. D-ID's products range from animating still photos, to facilitating high-quality video productions, and creating viral user experiences. With funding from tier 1 VCs, D-ID aims to radically disrupt the time, hassle and costs involved in video production, allowing for the creation of highly personalized media using AI, specifically in e-learning, corporate training, marcoms, AI assistants, history and the Metaverse. With international customers, D-ID's core competencies in the human face and deep learning technology enable its partners to create exciting and engaging content that was until now unimaginable. To find out more, visit D-ID.com

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