17zuoye

17 Education & Technology Group Inc., publicly traded as 17EdTech (NASDAQ: YQ) and also known as 17zuoye, operates as a significant education technology company within China. Founded in October 2011 by Liu Chang and Xiao Dun, the company's name translates to "Homework Together," reflecting its mission to unify students, teachers, and parents in the educational process. Co-founder Xiao Dun brought a technical background in electrical and information engineering from studies in the U.K. and U.S., combined with experience in data analytics from his time at UBS in London, which shaped the company's data-centric approach. His partner, Liu Chang (also known as Andy Chang Liu), serves as the Chairman and CEO.

The firm established its presence in the K-12 market by providing a platform for teachers to assign and manage homework digitally. This core service aligns with school curricula and utilizes gamification to boost student engagement. The platform serves as an integrated ecosystem for teachers, providing them with teaching tools and statistical analysis; for students, offering learning apps and adaptive content; and for parents, delivering immediate academic progress reports. Initially focused on English and Math, one of its early features was an automated system allowing students to record English sentences and receive instant pronunciation feedback.

17EdTech's business model evolved from a free platform to include monetization through premium services. These include intelligent supplementary textbooks based on student homework data and live-stream tutoring courses. Following significant regulatory changes in China's education sector in 2021, the company shifted its focus. It pivoted to providing smart, in-school teaching and learning Software-as-a-Service (SaaS) offerings. This model targets schools and educational authorities, facilitating their digital transformation with data-driven tools for teaching, learning, and assessment. Revenue is now generated primarily through SaaS subscriptions and other educational products that complement in-school learning.

The company has achieved significant milestones, including raising $100 million in a Series D round in 2015 and $250 million in a Series E round in 2018, with backing from prominent investors like Temasek, Shunwei Capital, H Capital, and DST Global. By early 2018, it had amassed over 60 million users across 120,000 schools. In December 2020, the company went public with an initial public offering on the Nasdaq exchange. As of the first quarter of 2025, the company continues to innovate, reporting progress in the implementation of AI-powered product upgrades designed to enhance teaching efficiency and create personalized learning experiences. Keywords: 17EdTech, 17zuoye, K-12 education China, edtech, online learning platform, homework app, SaaS for schools, Liu Chang, Xiao Dun, digital homework, personalized learning, adaptive learning, parent-teacher communication, education data analytics, pronunciation assessment, in-school solutions, education technology, live tutoring, supplementary education, Chinese education market, YQ stock