This article was first published in May 2020. Recently, ByteDance released the latest sharing on the education business: "ByteDance Chen Lin: Doing education is not for the realization of traffic, and will invest heavily and innovate in the next three years". This sharing answers some of the questions mentioned in this article: "Big goals, heavy investment, but traffic thinking, fast-reaching logic, and simple acquisition of companies into the education business map, the founding team's model without follow-up participation will not help.
Byte Dance is deeply cultivating a certain education business (nor can it play the role of the head of the track), nor can it boost the miracle of the Fax List education business." The following is the full text of May, enjoy: There is no shortage of big companies entering the education industry. In the past, there were platform-based companies Tencent, Ali, Baidu, and NetEase, and then there were the cutting-edge companies Kuaishou and Station B. But there is only one plan that 10,000 people have invested in: ByteDance. Since 2017, it has reached the education track through investment.
Three years later, in 2020, ByteDance officially announced that it will hit education heavily, and the education business line will expand to 10,000 people. What is the concept of 10,000 people? The education company with the highest market value in China, TAL has 30,000 employees, and its revenue in 2020 is about US$3.3 billion, corresponding to a market value of around US$30 billion.