# VIPKid

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Global EdTech company

VIPKid Type Private Industry Education, Educational Technology Founded October 2013; 12 years ago (2013-10) Founders Cindy Mi, Jessie Chen, and Victor Zhang Headquarters Singapore , Singapore Website https://vipkid.com

**VIPKid**, also known as **VIPKID**, is an [online teaching](/source/Educational_technology) and education company.

## History

Founded in 2013 and formally launched in 2014 by [Cindy Mi](/source/Cindy_Mi), the VIPKid platform connects paying students with teachers in the United States and Canada.[1][2] Its online-classroom portal enables students to receive 25-minute English language lessons from fluent English-speaking teachers.[3] Students and teachers communicate via its [global classroom](/source/Video_chat) platform.[4]

In 2017, VIPKid launched a new service, Lingo Bus, to teach [Mandarin](/source/Mandarin_Chinese) to students of 5 to 12 years old.[5][6]

In 2017, VIPKid reported that it had raised $200 million in initial series funding,[7] and in April 2018 raised an additional $500 million in series D+ funding.[8] Combined, this amount equated VIPKID's valuation to $3 billion.[8] As of November 2018, the company reported having 60,000 contracted teachers to teach 500,000 students.

In May 2020, VIPKID announced that all current teachers would gradually transition to a new service fee structure and the base rate adjustment policy will be phased out. This will effectively result in a pay reduction for the vast majority of their teachers.[9]

In 2021 the company stopped providing services in China involving teachers based abroad.[10] China-based customers will use Chinese citizen teachers in China or teachers residing in China who have teaching licenses.[11]

## COVID-19 pandemic

In February 2020, VIPKid donated 1.5 million English and math classes to affected students from the [COVID-19 pandemic](/source/COVID-19_pandemic). Students in the city of Wuhan, Hubei Province, and children of medical workers were given priority for free classes.[12]

## See also

- [English education in China](/source/English_education_in_China)

- [New Oriental Education & Technology Group](/source/New_Oriental_Education_%26_Technology_Group)

## References

1. **[^](#cite_ref-1)** ["Excerpts From the New Work Summit"](https://www.nytimes.com/2019/03/02/business/new-work-summit-excerpts.html). *The New York Times*. 2019-03-02. [ISSN](/source/ISSN_(identifier)) [0362-4331](https://search.worldcat.org/issn/0362-4331). Retrieved 2019-08-14.

1. **[^](#cite_ref-2)** ["VIPKid Joins BrandZ's Top 100 Most Valuable Chinese Brands Five Years After Its Founding"](https://apnews.com/Business%20Wire/7909cdbd72e941c1b842ec25406e0582). *AP NEWS*. 2019-05-06. Retrieved 2019-08-14.

1. **[^](#cite_ref-3)** ["The Quick Guide to Teaching with VIPKid"](https://web.archive.org/web/20211219144112/https://blog.vipkid.com/the-quick-guide-to-teaching-with-vipkid/). *VIPKid Blog*. 2020-04-21. Archived from [the original](https://blog.vipkid.com/the-quick-guide-to-teaching-with-vipkid/) on 2021-12-19. Retrieved 2020-06-08.

1. **[^](#cite_ref-4)** ["VIPKID培训公司发展策略研究--《大连海事大学》2018年硕士论文"](https://web.archive.org/web/20210810093401/http://cdmd.cnki.com.cn/Article/CDMD-10151-1018287717.htm). *cdmd.cnki.com.cn*. Archived from [the original](http://cdmd.cnki.com.cn/Article/CDMD-10151-1018287717.htm) on 2021-08-10. Retrieved 2019-02-05.

1. **[^](#cite_ref-:0_5-0)** 董志成. ["Lingo Bus extends Mandarin learning offering - Chinadaily.com.cn"](http://www.chinadaily.com.cn/a/201808/28/WS5b84b9e8a310add14f388287.html). *www.chinadaily.com.cn*. Retrieved 2019-02-05.

1. **[^](#cite_ref-6)** [""Big Chinese" is edtech's next big thing, but its path overseas is unclear · TechNode"](https://technode.com/2018/08/30/big-chinese-abroad/). *TechNode*. 2018-08-30. Retrieved 2019-02-05.

1. **[^](#cite_ref-7)** ["China's VIPKid Is Said to Raise Funds at $1.5 Billion Valuation"](https://www.bloomberg.com/news/articles/2017-08-23/china-s-vipkid-raises-200-million-from-tencent-sequoia-china). *[Bloomberg News](/source/Bloomberg_News)*. 23 August 2017.

1. ^ [***a***](#cite_ref-:3_8-0) [***b***](#cite_ref-:3_8-1) ["China's VIPKID, which links English tutors with online learners, raises $500M at $3B+ valuation"](https://techcrunch.com/2018/06/21/chinas-vipkid-which-links-native-english-speakers-with-online-learners-raises-another-500m-reportedly-at-3b-valuation/). *TechCrunch*. 21 June 2018. Retrieved 2019-02-05.

1. **[^](#cite_ref-9)** ["The #1 Guide To Teaching With VIPKID"](https://theborderlessteacher.com/complete-vipkid-guide/). *The Borderless Teacher*. 2020-06-01. Retrieved 2020-06-01.

1. **[^](#cite_ref-10)** ["VIPKid to stop selling foreign-based tutoring to students in China"](https://www.reuters.com/world/china/vipkid-stop-selling-foreign-based-tutoring-students-china-2021-08-07/). [Reuters](/source/Reuters). 2021-08-07. Retrieved 2021-08-08.

1. **[^](#cite_ref-11)** Feng, Coco (2021-08-10). ["Vipkid the latest Chinese education firm to cut student access to overseas tutors to comply with new policy"](https://www.scmp.com/tech/policy/article/3144479/vipkid-latest-chinese-education-firm-cut-student-access-overseas-tutors). *[South China Morning Post](/source/South_China_Morning_Post)*. Retrieved 2021-08-11.

1. **[^](#cite_ref-12)** Costello, Becca (2020-02-18). ["Nebraskans See Boost In English Language Classes As Chinese Kids Stay Home | netnebraska.org"](https://nebraskapublicmedia.org/en/news/news-articles/nebraskans-see-boost-in-english-language-classes-as-chinese-kids-stay-home/). *netnebraska.org*. Retrieved 2020-02-18.

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Adapted from the Wikipedia article [VIPKid](https://en.wikipedia.org/wiki/VIPKid) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/VIPKid?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.