StageSeries C - II | Alive
Last Raised$66M | 3 yrs ago
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Research containing Kaishu Story
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Kaishu Story in 1 CB Insights research brief, most recently on Aug 31, 2020.
Expert Collections containing Kaishu Story
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Kaishu Story is included in 2 Expert Collections, including Baby and Kids Tech.
Baby and Kids Tech
Companies developing tech-enabled products and services that primarily serve babies, children up to approximately 12 years old, and their parents.
Education Technology (Edtech)
These companies offer tech-enabled solutions that facilitate education and learning for people of all ages, from pre-K to adult and professional education.
Latest Kaishu Story News
Aug 9, 2019
Kaishu Ties Up with Gogokid in Its New Storytelling Contest Kaishu Ties Up with Gogokid in Its New Storytelling Contest The two children education platforms are complementary to one another. Wang Kai, founder of Kaishu Story, sitting on the left side.Image credit: iyiou.com Associated Company Kaishu Story On 6 August, Kaishu Story (凯叔讲故事) closed its fifth nationwide storytelling contest, which had associated its name to gogokid, an English education platform for kids. Kaishu Story positions itself as a bedtime storytelling application. According to the company, it now possesses around 30,000,000 users of its application. Lately, in July, it has just closed its Series C round of funding with USD 50 million. In this storytelling match, Kaishu Story added an “online English storytelling division” for its title partner. Correspondingly, gogokid rolled out a series of open courses named “A Good Storyteller”. Besides, the two children education platforms bundled their services up, selling a package consisting of gogokid’s English courses and Kaishu story’s monthly subscription. On the same day, Kaishu Story also launched a children song sector in its application, which has 8 available songs at present. Behind gogokid Kaishu’s new partner, gogokid, is a subsidiary of ByteDance and a sister company of TikTok. Founded in 2017, gogokid was benchmarked against VIPKID, a famous online English education platform for kids featuring one-to-one mode and North American teachers. Gogokid entered rather late the K12 English education field. Faced with powerful incumbents like VIPKID, DaDa ABC, gogokid could not distinguish itself with pure imitation. The biggest advantage of the Bytedance-backed company seemed to be the lower customer acquisition cost compared to its competitors since Toutiao and TikTok could be quite supportive in terms of advertising. In April 2019, the company reduced staff by 70 to 80 percent, at least by 50 percent, according to people familiar with the matter. At the same time, gogokid appeared to prepare online K12 school. Apparently, advertising through its sister companies didn’t solve the high CAC problem. Being one of the most popular storytelling products, Kaishu Story can bring more users to gogokid, and gogokid’s English courses are also a complement to the storytelling application.
Kaishu Story Frequently Asked Questions (FAQ)
When was Kaishu Story founded?
Kaishu Story was founded in 2014.
Where is Kaishu Story's headquarters?
Kaishu Story's headquarters is located at Beijing.
What is Kaishu Story's latest funding round?
Kaishu Story's latest funding round is Series C - II.
How much did Kaishu Story raise?
Kaishu Story raised a total of $154.4M.
Who are the investors of Kaishu Story?
Investors of Kaishu Story include Trustbridge Partners, Loyal Valley Capital, Temasek, New Oriental Education & Technology, Kunyan Capital and 14 more.
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