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China Online Education Group

51talk.com

Founded Year

2011

Stage

IPO | IPO

Total Raised

$69M

Date of IPO

6/10/2016

Market Cap

0.03B

Stock Price

1.70

Revenue

$0000 

About China Online Education Group

China Online Education Group (NYSE: COE) is the operator of 51Talk, an online video English tutoring website in China. 51Talk currently focuses on non-test-oriented adult English training, mostly used for career development. The company was founded in 2011 and is based in Beijing, China.

Headquarters Location

Deshi Building South 6th Floor

Beijing, Beijing, 100 085,

China

4000-51-51-51

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Latest China Online Education Group News

51Talk Online Education Group's Name Is Approved and Adopted by Way of Annual General Meeting on September 30, 2022

Sep 30, 2022

News provided by Share this article Share this article SINGAPORE, Sept. 30, 2022  /PRNewswire/ -- China Online Education Group ("51Talk," the "Company" or "51Talk Online Education Group") (NYSE: COE ), a global online education platform with core expertise in English education, today announced that, at its annual general meeting of shareholders held on September 30, 2022, shareholders of the Company adopted the following resolutions as special resolutions proposed by the Company: THAT the name of the Company be and is hereby changed from "China Online Education Group" to "51Talk Online Education Group" effective immediately, and that any one director or officer of the Company be and is hereby authorized to take any and every action that might be necessary, appropriate or desirable to give effect to the foregoing resolution as such director or officer, in his/her absolute discretion, thinks fit, including but not limited to, attendance on any filing or registration procedures for and on behalf of the Company in the Cayman Islands; and THAT the Company's Fifth Amended and Restated Memorandum and Articles of Association (the "Current M&AA") be amended and restated with immediate effect by the deletion in their entirety and by the substitution in their place of the Sixth Amended and Restated Memorandum and Articles of Association to reflect the change of the name of the Company, and that any one director or officer of the Company be and is hereby authorized to take any and every action that might be necessary, appropriate or desirable to give effect to the foregoing resolution as such director or officer, in his/her absolute discretion, thinks fit, including but not limited to, attendance on any filing or registration procedures for and on behalf of the Company in the Cayman Islands. The American Depositary Shares, each representing fifteen Class A ordinary shares of the Company, par value US$0.0001 per share, of the Company, are expected to begin trading under the new company name on or about October 3, 2022. The Company's ticker remains as "COE." Safe Harbor Statement This press release contains statements that may constitute "forward-looking" statements which are made pursuant to the "safe harbor" provisions of the U.S. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. 51Talk may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission ("SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about 51Talk's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in 51Talk's filings with the SEC. All information provided in this press release is as of the date of this press release, and 51Talk does not undertake any obligation to update any forward-looking statement, except as required under applicable law. About China Online Education Group China Online Education Group (NYSE: COE ) is a global online education platform with core expertise in English education. The Company's mission is to make quality education accessible and affordable. The Company's online and mobile education platforms enable students to take live interactive English lessons on demand. The Company connects its students with a large pool of highly qualified teachers that it assembled using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students. SOURCE China Online Education Group ×

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China Online Education Group Frequently Asked Questions (FAQ)

  • When was China Online Education Group founded?

    China Online Education Group was founded in 2011.

  • Where is China Online Education Group's headquarters?

    China Online Education Group's headquarters is located at Deshi Building South, Beijing.

  • What is China Online Education Group's latest funding round?

    China Online Education Group's latest funding round is IPO.

  • How much did China Online Education Group raise?

    China Online Education Group raised a total of $69M.

  • Who are the investors of China Online Education Group?

    Investors of China Online Education Group include DCM Ventures, Shunwei Capital Partners, Sequoia Capital China, China Renaissance, Engage Capital and 3 more.

  • Who are China Online Education Group's competitors?

    Competitors of China Online Education Group include Novakid and 3 more.

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