SAN FRANCISCO, March 2, 2023 - Udemy, a leading platform for learning and teaching online, today announced its new Chinese name in response to accelerated growth and demand for brand visibility in China. The Chinese name isYōu lǐng sī ("优领思"), combining Excellence, Leadership and Deliberation to echo the company's global mission to improve lives through learning. The Chinese name will be used as the company's registered trademark in China to facilitate better communication between the company and local customers.
Udemy entered the China market through a partnership with Sanjieke, China's leading provider for digital transformation training in Q3 of 2022. Rich Qiu, President of New Ventures at Udemy said, "We are growing fast in China and see a great need for a localized brand to better resonate and communicate with our stakeholders in the market. We want to establish a strong brand image that helps convey our mission and strengthens our relations with organizations and individuals."
Udemy works with both multinational and leading domestic enterprises in China to provide personalized learning models for their employees. Since partnering with Sanjieke, Udemy has launched nearly 1000 courses in Mandarin, while the consumption of courses soared three times over the past six months.Organizations of all sizes choose Udemy as a learning platform mainly based on the richness and foresight of the course content as well as the localized context courses in Mandarin provide. Its technology courses in particular, can quickly provide international best practices and cutting-edge technical knowledge. Additionally, the localized content on business and management skills can help Chinese multinational enterprises navigate the market and better understand local context and nuance, so it is favored and recognized by leading enterprises at home and abroad.
Globally, Udemy Business customers have access to more than 20,000 courses, more than 12,000 of which are included in Udemy's International Collection in 14 languages. For more information, visit [CTA LINK].
About Udemy
Udemy (Nasdaq: UDMY) improves lives through learning by providing flexible, effective skill development to empower organizations and individuals. The Udemy marketplace platform, with thousands of up-to-date courses in dozens of languages, offers the tools learners, instructors, and enterprises need to achieve their goals and reach their full potential. Millions of people learn on the Udemy platform from real-world experts in topics ranging fromprogramminganddata sciencetoleadershipandteam building. Udemy Business enables employers to offer on-demand learning for all employees, immersive learning for tech teams, and cohort learning for leaders. Udemy Business customers include FenderⓇ, Glassdoor, On24, The World Bank, and Volkswagen. Udemy is headquartered in San Francisco with hubs in Istanbul and Ankara, Türkiye; Austin, Texas; Boston, Massachusetts; Mountain View, California; Denver, Colorado; Dublin, Ireland; Melbourne, Australia; New Delhi, India; and Sao Paulo, Brazil.
Udemy Inc. published this content on 02 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2023 19:51:06 UTC.
Udemy, Inc. is a global learning company. The Company’s online platform empowers organizations and individuals with professional skill acquisition, development and validation. Its learning marketplace enables instructors to develop, distribute and enhance content. It leverages technology, including artificial intelligence (AI), and data and insights, to deliver personalized learning experiences. Its segments include Enterprise and Consumer. The Enterprise segment is engaged in selling subscription licenses to a variety of enterprise and government customers. The Consumer segment is focused on selling access to course content directly to individual learners. Through its Intelligent Skills Platform and a global community of diverse and knowledgeable instructors, millions of learners gain expertise in a wide range of technical and professional skills from generative AI to leadership. Its product offerings are Per Course, Subscriptions and Professional Services.
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
-
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
-
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
-
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
-
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.