Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

TutorABC has been acquired by a group of international investors and announces plans for further expansion in Taiwan and to other international markets

Targeting the USD 115 billion global market for Chinese and English language learning.


News provided by

TutorABC

26 Jan, 2022, 04:05 GMT

Share this article

Share toX

Share this article

Share toX

Former Morgan Stanley investment banker joins as the new Chairman 

<<The Message Digest>>

  1. Samuel Yang, CFA, a former Morgan Stanley and Merrill Lynch investment banker, led a group of international investors that has acquired TutorABC.
  2. TutorABC announces plans to expand in Taiwan and to other international markets.
  3. TutorABC will continue to focus on its TutorMing, TutorABC, and tutorJr brands.
  4. TutorABC plans to launch TutorMeetCloud, an advanced new learning management platform for companies and schools to securely deliver all their training programs and classes online.

TAIPEI, Jan. 25, 2022 /PRNewswire/ -- TutorABC, the world's leading online educational and language learning platform, officially announces today that it has been acquired by an international group of American and British investors with extensive experience in the education, international e-commerce, and finance industries.

New Ownership and Chairman of TutorABC

Continue Reading
This image opens in the lightbox
Former Morgan Stanley investment banker Samuel Yang, CFA, invests in & joins TutorABC as the new Chairman

The investor group is led by Samuel Yang, CFA, a former Morgan Stanley and Merrill Lynch investment banker, who will serve as the Company's new Chairman. Previously he managed over USD 3 billion and specialized in venture capital, pre-IPO, and IPO investments. He also has a strong background in education. He has represented Kaplan in Taiwan for over 20 years, is a CFA instructor (for CFA Levels 1, 2, and 3), is the primary trainer for Credit Suisse's internal private banking training programs in Asia, and through his family's non-profit organizations (The Yang Foundation and Kingdom Education Foundation), provides a comprehensive range of educational programs to over 160 schools in over 30 countries around the world.

Expanding in Taiwan and to other International Markets

The new investor group aims to transform TutorABC into a global organization that will fully dominate both its home market in Taiwan and other international markets.

The Company will expand its TutorMing Chinese learning courses targeting the USA, UK, Canadian, and Australian markets.

The Company will also expand both its English (TutorABC and tutorJr) and Chinese (TutorMing) language courses throughout Asia. It will specifically target Japan, Korea, Indonesia, Thailand, Vietnam, and Hong Kong.  

The Company also sees exciting new opportunities to further develop the European, Indian, and the Middle Eastern markets.

"We are tremendously impressed with the strength of the Company's brands, its patented AI / big data technologies, and the vast experience and professionalism of the management team. We will continue to strengthen TutorABC's position as the leading standard in the global education technology industry," says Chairman Yang.

Launching TutorMeet+ (a new B2B Online Education Platform for Companies and Schools)

TutorABC plans to launch TutorMeetCloud in Taiwan, an advanced new learning management platform for companies and schools to securely deliver all their training programs and classes online. The TutorMeetCloud platform has already been used internally for its online programs for over 10 years, with more than 50 million classes held. In addition, it has recently been tested with several elementary and high schools online, reaching over 40,000 students.   

Company Background and Expansion Plans

  • TutorABC is the world's leading online educational and language learning platforms.

  • Since 2004, TutorABC has been providing highly personalized online educational programs through its award-winning brands, which includes TutorABC, tutorJr, TutorMing, PopCoding, GoGoldTalk, and TutorMeetCloud.

  • Over 16 million students have successfully attended TutorABC's live and interactive courses, including English, Chinese, Math, and Computer Coding classes.

  • The Company plans to aggressively double its size in 2022 by launching new products, expanding its B2B training business with schools and companies, and by launching into other international markets.

  • TutorABC is well-positioned to take advantage of the exciting new growth opportunities in the online education and language-learning markets.

  • Distance learning during the COVID-19 pandemic is helping to drive staggering growth in online learning. According to market research firms Global Market Insights and HolonIQ:
    • the e-learning market (that includes academic, corporate, and government use of e-learning) is currently valued at USD 250 billion. It is expected to surge at a compound annual growth rate of 21 percent through 2027, to hit USD 1 trillion.
    • the global Direct-to-Consumer (DTC) language learning market is expected to grow from USD 50 billion to USD 115 billion in 2025, with online learning growing by 3x during the same period.

  • TutorABC provides its students with lessons that are engaging, outcome-driven, and focused on delivering a premium quality learning experience. Previously the Company invested over USD 300 million to develop its core technology platform and teaching materials, which includes partnerships with other global brands, such as Oxford University Press and Disney English.

  • The Company's core technology is protected by 10 patents (that fully utilize AI and big data analytics) and caters to each student's background, experience, and educational goals. The Company's patented Dynamic Course Generating System (DCGS) systematically analyzes and matches the student's unique needs with (a) the most relevant course materials and lesson plans, (b) the most suitable teachers, and (c) the best-matched classmates.

  • Built into the Company's technology platform is a rigorous feedback mechanism that allows it to constantly improve its educational programs based on feedback from its students, teachers, and customer protection representatives. This continuous feedback helps to guarantee the best results and highest efficacy rates for all students and teachers.

  • Over the past 10 years, the Company has received outstanding reviews from its students, with an average rating of 9.8 out of 10 for its TutorABC and tutorJr English language programs, and 9.9 out of 10 for its Chinese TutorMing classes.

  • The Company's CEO, Jackie Huang, says, "This is an exciting new beginning for TutorABC! Our new investors will provide us with the capital, experience, and connections that we need to further dominate the Taiwan market and to go global."

  • After the acquisition, the Company plans to expand its product offerings to include K-12 afterschool study programs, specialized preparation for exams, study abroad advisory services, and professional training courses.

  • "Our goal is to be a long-term partner with our students as they keep returning to us for all their educational needs throughout their lives," added Huang.

  • "The Company is redesigning education using technology. Over the next few months, we look forward to making further announcements with the launching of new products and new global partnerships," noted the new Chairman, Samuel Yang.

TutorABC - the world's leading online educational and language learning platform.

Photo - https://mma.prnewswire.com/media/1733497/Former_Morgan_Stanley_investment_banker_Samuel_Yang_CFA_invests.jpg

Modal title

Also from this source

Inside TutorABC: The 100% UK-US EdTech Giant Led by Rodney Miles and Samuel Yang, Revolutionizing Language Learning for 100 Million Users

Inside TutorABC: The 100% UK-US EdTech Giant Led by Rodney Miles and Samuel Yang, Revolutionizing Language Learning for 100 Million Users

TutorABC is a fully foreign-owned education technology company, backed exclusively by investors from the United Kingdom and the United States only....

TutorABC Expands Leadership Team to Drive Global Growth in Language Learning and Livestreaming E-Commerce Innovation

TutorABC Expands Leadership Team to Drive Global Growth in Language Learning and Livestreaming E-Commerce Innovation

TutorABC, a global leader in online education and live-streaming e-commerce, has appointed George Loup and Maximilian Corbet Smith as Directors of...

More Releases From This Source

Explore

Education

Education

Cloud Computing/Internet of Things

Cloud Computing/Internet of Things

Multimedia & Internet

Multimedia & Internet

Banking & Financial Services

Banking & Financial Services

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.