Online tutoring platform ahead of NYSE IPO
Zhangmen has filed a prospectus with the SEC and plans to list it on the NYSE. In 2020, revenue had reached 4.02 billion yuan (+50.6% YoY)). In the first quarter of 2021, sales were 1,345.7 billion yuan (19.9% YoY). Founded in 2014, Zhangmen operates in the tutoring business in China and is the leading provider in the one-to-one online segment. The company matches K-12 students with teachers online and offers personalized tutoring programs.
This briefing is contributed by and first appeared on CIMK.
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