NetEase has a first strategic financing valuation of $1 billion 100 million in the unicorn camp

category:Internet
 NetEase has a first strategic financing valuation of $1 billion 100 million in the unicorn camp


Ding Lei, chairman and chief executive of NetEases board of directors, said in his speech at the conference, online education will become the next growth point of the Internet. NetEase has become an important force in NetEase education. NetEase senior vice president, CEO Zhou Feng, said, the first round of strategic financing has a milestone. Mainly used in the creation of deep value aspects of the way around the user, on the one hand is to create high-quality curriculum content, second aspects of science and technology education is to increase the sustainable development and investment, to provide users with better quality and rich experience, through education to release each individual potential. At this conference, the NetEase unveiled the TEACH model of education for the first time, showing five major business sectors. User based T as a learning tool type APP (Tools), there is currently the largest domestic users of the Internet education brand; E with representatives of outstanding teachers, a win-win situation (Educator) screening high-quality teacher empowerment and fully to the teacher; A artificial intelligence (AI). Around the AI as the core to carry out the education of science and technology, the advantages of technology focused on translation and learning scenarios; C is the high-quality content, the education of the ultimate pursuit of quality content and determination; H for the intelligent hardware (Hardware), has issued the first intelligent hardware products of eggs from the end of last year, the harvest good reputation in the market and sales, at the press conference announced the launch of the two paragraph of the upcoming launch of the new intelligent hardware, Youdao translation 2 generation Youdao Dictionary pen and eggs. NetEase has the largest user education brand in the world, serving 800 million users of China Internet. Youdao Dictionary users just broke through the 700 million mark in early 2018. NetEase has its own popular education tools and online learning products, including NetEase Youdao Dictionary, Youdao excellent course, Youdao translation official and Youdao notes. At the end of December 2017, a tool type App NetEase has formed a product matrix of daily active users over 17 million, a synchronous growth course into the fast lane, 2017 annual user fee income scale increased by 530% compared to 2016. His investment partner Zhang Yu said that his investment as the core enterprise of modern educational sector Muhua Tsinghua Holdings subsidiary launched education fund industry, has been committed to find and invest in various segments of the enterprise quality education. We are very optimistic about the development of the NetEase for many years in technology, products and users, and its prospects in the field of online education. Based on the capital level of cooperation, his investment will contribute to the depth of cooperation with Tsinghua University and a Ministry of Education Online Education Research Center, and with the help of his education to quality education resources, as the output of the brand, research and NetEase have channels as well as with other members of the enterprise business collaboration, improve a product experience in the field of education and influence, to help enterprises better combination of technology and education, to improve the quality of education, promote equity in education. Chen Rui, the general manager of the Junlian capital director, said that the monarch union capital has long paid attention to the development of the education industry. NetEase, as the leading brand in the Internet education industry, has provided many excellent products for the vast number of users. These products have fully shared high-quality educational resources and effectively improved the learning efficiency of users. The management team has a great goal, and the ability of technology and product is very outstanding. It will lead the company to achieve better results in the future. This round of financing is an exclusive financial adviser from Huaxing capital, revealing a growing open mentality and long-term determination and planning in the field of education. Source: the editor of the NetEase scientific and technological report: Bai Xin _NT4464 Chen Rui, the general manager of the Junlian capital director, said that the monarch union capital has long paid attention to the development of the education industry. NetEase, as the leading brand in the Internet education industry, has provided many excellent products for the vast number of users. These products have fully shared high-quality educational resources and effectively improved the learning efficiency of users. The management team has a great goal, and the ability of technology and product is very outstanding. It will lead the company to achieve better results in the future. This round of financing is an exclusive financial adviser from Huaxing capital, revealing a growing open mentality and long-term determination and planning in the field of education.