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Artificial intelligence to play a huge part in learning after US$100m raised
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SHANGHAI-BASED online English learning platform Liulishuo said yesterday it has raised US$100 million from institutional investors and previous investors to fuel its future growth into artificial intelligence and tailor-made programs for English learners.
China Media Capital and Wu Capital, as well as previous investors including TrustBridge, IDG Capital, GGV Capital, Cherubic Ventures and Hearst Ventures, have been announced as investors in the platform.
Wang Yi, co-founder and chief executive officer of Liulishuo, said the company plans to hire more talent in the artificial intelligence field and to offer more AI-driven educational services besides its current AI-powered personalized interactive courses.
“We hope to maintain our leading position in the artificial intelligence-backed online education field and to further enhance efficiency in English learning,” he said, adding that they also hope to build an artificial intelligence learning research institution within two or three years.
It will also provide AI-backed spoken English evaluating services for NASDAQ-listed TAL Education Group to integrate with TAL’s current learning systems.
Currently Liulishuo’s smartphone application boasts more than 45 million users and about 600,000 paying members.
Online education companies have been seeking to leverage off the latest artificial intelligence technologies to enhance efficiency and help more learners to gain access to educational resources.
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