51Talk released Q4 results: net revenue of 298.1 billion yuan rose 14.4percent year-on-year.

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 51Talk released Q4 results: net revenue of 298.1 billion yuan rose 14.4percent year-on-year.


Net revenue of RMB 1.145 billion yuan in 2018, 848 million yuan in 2017, an increase of 35.1%, cash income of RMB 1.703 billion yuan and 1.426 billion yuan in 2017, an increase of 19.4%, gross interest rate of 64.1% and 63.0% in 2017. As of December 31, 2018, the company had cash and cash equivalents, time deposits and short-term investments totaling 712.1 billion yuan ($103.6 million), and as of December 31, 2017, 623.4 million yuan.

In the fourth quarter, the company continued to promote the urban sinking strategy. Our core business, Filipino Youth, continues to grow healthily one-to-one, said Mr. Huang Jiajia, founder and CEO of the company. Net revenue and cash income in the fourth quarter again exceeded the high end of the expected guidance. Fijiao Youth One-to-One Business accounts for 72.7% of the total cash income, while non-first-tier cities account for 69.7% of the total cash income. We see a huge demand for quality online education, especially in non-first-tier cities. Our goal is to make quality educational resources within reach. In order to attract more students to our leading online education platform, we actively promote the brand image. In February 2019, Wang Junkai, a prominent TFBoys member, became our new spokesperson. As the learning leader of 51Talk and its influence among young people, Wang Junkai will work with 51Talk to make more students have access to high-quality online English courses. In 2019, we will continue to improve the cost-effectiveness of the course, enhance our exposure, improve the quality of the course and technical support. Huang Jiajia concluded. Source of this article: Liable Editor of Netease Science and Technology Report: Qiao Junjing_NBJ11279

In the fourth quarter, the company continued to promote the urban sinking strategy. Our core business, Filipino Youth, continues to grow healthily one-to-one, said Mr. Huang Jiajia, founder and CEO of the company. Net revenue and cash income in the fourth quarter again exceeded the high end of the expected guidance. Fijiao Youth One-to-One Business accounts for 72.7% of the total cash income, while non-first-tier cities account for 69.7% of the total cash income. We see a huge demand for quality online education, especially in non-first-tier cities. Our goal is to make quality educational resources within reach.

In order to attract more students to our leading online education platform, we actively promote the brand image. In February 2019, Wang Junkai, a prominent TFBoys member, became our new spokesperson. As the learning leader of 51Talk and its influence among young people, Wang Junkai will work with 51Talk to make more students have access to high-quality online English courses. In 2019, we will continue to improve the cost-effectiveness of the course, enhance our exposure, improve the quality of the course and technical support. Huang Jiajia concluded. (Orange)