The company raised 0 million in its latest round of financing last year, with H. Capital, Sequoia Capital, Tiger Fund, Legend Capital, GGV and Xiang He Capital among investors.
The concept also coincides with the key messages from the report delivered by Xi at the 19th National Congress of the Communist Party of China held in October. The report stressed that openness and innovation are among the keys for China to achieve successful economic transition and sustainable growth.
The company said it had worked out a thorough return-to-work plan that includes online video training for personnel, work-zone partitions, temperature-screening, requirements to wear protective equipment, and cleaning and disinfecting protocols.
The company is located in Dazhangzhuang village, Anxin county, Baoding, which is a less developed region in the central part of Hebei province.
The company said it has established a security supervision department at its headquarters in Shanghai, and it has security supervisors in other cities. The company has also launched regular and nonscheduled safety training and safety inspections.
The company was founded in 2013 by local businessman Li Hong, who used to act as a middleman in foreign trade. He realized that as the standard of spoken English among Chinese people improved, his profit margins were shrinking.
seo网站排名优化好么
The company, which intelligently organizes photos and videos in dynamic slideshows, has released a number of new features in recent months. Those include ?HD video, update iPhone capabilities and a new partner platform, but the company has a number of other feature plans in the works.
The company regards such investment as a "milestone" in its Chinese market.
The company said its users are primarily children aged between 3 and 8, with parents who seek quality childhood educational resources for their children. And those parents are generally the more tech-savvy younger generation born in the 1980s and 1990s.
The company's draft prospectus shows that it realized an annual turnover of 272.8 billion yuan, 272.7 billion yuan and 354.5 billion yuan in 2015, 2016 and 2017 respectively. The company's net profit came in at 14.35 billion yuan, 14.37 billion yuan and 15.87 billion yuan respectively. The company's net profit growth rate stood at 5.26 percent, 5.27 percent and 4.48 percent for the three respective years.