
17Smile
Provider of a class circle management platform intended to serve the educational sector in China.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
investor investor investor | €0.0 | round | |
investor investor investor | €0.0 | round | |
CNY30.0m | Late VC | ||
Total Funding | 000k |
USD | 2023 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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Beijing Weixiang Technology Co., Ltd. is an education technology company established in 2014, with Wang Xu serving as its legal representative. The firm operates within China's education informatization sector, providing digital tools primarily for K-12 teachers. Its core mission is to alleviate the administrative burden on educators, allowing them to focus on teaching effectiveness.
The company's flagship product is "Yuan Ding" (园钉), a classroom management tool built to integrate with the WeChat ecosystem. This platform facilitates student performance data collection and analysis, enables the assignment of personalized homework, and simplifies parent-teacher communication through targeted notices and class polls. By automating these routine tasks, Yuan Ding aims to enhance overall teaching efficiency for both headteachers and subject teachers across more than 10,000 schools.
In addition to its classroom tool, Weixiang Technology operates "Yuan Ding Hui" (园丁汇). This subsidiary functions as a business segment focused on the online promotion and sale of knowledge-based consumer products. The offerings, sold through social and short-form video platforms, include books and study materials.
A significant milestone occurred in April 2022, when the company secured a substantial strategic investment from Century Tianhong Education Technology Co., Ltd. Century Tianhong acquired a 26.09% stake for ¥30 million, becoming the largest shareholder and aiming to merge its content and resource advantages with Weixiang's technological and market development experience. Financial filings from that period showed the company was in a growth phase, with revenues increasing from ¥10.66 million in 2020 to ¥20.38 million in 2021, alongside net losses as it continued to invest in expansion.
Keywords: Beijing Weixiang Technology, EdTech, K-12 education, classroom management tool, Yuan Ding, 园钉, teacher productivity, education informatization, Century Tianhong, Wang Xu, student data analysis, homework automation, parent-teacher communication, Yuan Ding Hui, 园丁汇, WeChat ecosystem, educational software, China education