The Company completed the divestiture of its
The Company has announced that the change of the Company’s legal name from
The Company has changed the ratio of its American depositary shares (“ADSs”) to Class A ordinary shares (the “ADS Ratio”) from one (1) ADS representing fifteen (15) Class A ordinary shares to one (1) ADS representing sixty (60) Class A ordinary shares. The effective date was on
Net revenues were
“FY2022 represents a new beginning for 51Talk. Specifically, we completed our divestiture of the
“Our gross billings for 2022 was
Starting from Q3 onwards, we intensified our localization efforts and deployed marketing and operational personnel in selected places. As our international experience grows, we are confident in our execution and expansion over the medium term. Results from early sales initiatives foster our belief that our product, processes and technology can be transferred to international markets with equal success in a post COVID world.
In terms of technology, we believe AI-powered tutors will transform online education. The combination of tutor and AI will significantly improve user experience and greatly promote personalized education. Specifically, adaptive learning or the creation of personalized teaching content, the provision of customized teaching tools for teachers and customized lesson feedback based on students' learning situations, among others. We have already begun integrating ChatGPT into our products and operations and continue to strategically build around our vision of personalized education.
Finally, our international business achieved positive operating cash flow during Q3 and Q4, reflecting strong execution of our sustainable growth strategy.”
51Talk leverages Internet technology to compile premium educational resources and bring quality native English-speaking teachers to everyone, empowering every learner to communicate with the world. Over the years, 51Talk has continuously sought breakthroughs in the fields of Internet technology and AI intelligence。
51Talk independently developed the world's first video teaching system, and now proudly introduces AirClass, a platform for students and teachers to interact freely and carry out teaching activities. AirClass provides instant translation in its chat box, with its voice recognition breaking down the audio to milliseconds to analyze students’ pronunciation and intonation accurately and pinpoint areas for improvement for better learning results. Furthermore, AirClass evaluates students’ learning results and status systematically at every stage and converts the results to a visual learning report, so parents can grasp their child’s English level, progress and proactiveness at a glance.
Built upon 51Talk’s closed-loop big data analytics and massive pool of raw data, the Dashboard system obtains accurate learning statistics of students and quantifies learning results. The Magic Mirror Brain can summarize users' learning habits and identify weak links, so that teachers can provide better guidance and suggestions on learning materials to achieve better learning results. 51Talk will leverage its sophisticated technology platform to support the international market expansion, which was built with more than
Founded in 2011, transformed in 2021, now headquartered in Singapore,51Talk is a world leading EdTech company. 51Talk adopts an online one-on-one teaching mode, providing English tutoring services around the world for young and teen users aged 3 to 15. Listed on the
Company
Contact Person Name:
Contact Person E-Mail: zhangxue05@51talk.com
Contact Person Telephone: 13520550835
Website: https://tw.51talk.com/global/course
Disclaimer:
This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Source: 51Talk
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