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posted by mrpg on Thursday December 22 2016, @07:50AM   Printer-friendly
from the ni-hao-ma dept.

Today, Mi is 33 and founder of a startup that aims to give Chinese kids the kind of education American children receive in top U.S. schools. Called VIPKid, the company matches Chinese students aged five to 12 with predominantly North American instructors to study English, math, science and other subjects. Classes take place online, typically for two or three 25-minute sessions each week.

Mi is capitalizing on an alluring arbitrage opportunity. In China, there are hundreds of millions of kids whose parents are willing to pay up if they can get high-quality education. In the U.S. and Canada, teachers are often underpaid—and many have quit the profession because they couldn't make a decent living. Growth has been explosive. The three-year-old company started this year with 200 teachers and has grown to 5,000, now working with 50,000 children. Next year, Mi anticipates she'll expand to 25,000 teachers and 200,000 children.


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  • (Score: 3, Informative) by aclarke on Thursday December 22 2016, @01:54PM

    by aclarke (2049) on Thursday December 22 2016, @01:54PM (#444708) Homepage

    I don't know where Nerdfest got his number, but it's possible he's quoting in CAD and you're quoting USD. C$87,000 is about US$65,000. That's still above your number, but it's easy to see how two different surveys could produce numbers with a US$5000 difference in average salary.

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