LAIX Inc.
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LAIX Inc. - overview
Established
2012
Location
Shanghai, -, China
Primary Industry
Education/Training
About
Founded in 2012 and based in Shanghai, China, Shanghai Liulishuo Information Technology Co. , Ltd. operates business as an artificial intelligence-based mobile application for learning English. In 2013, the company's English learning mobile app known as English Liulishuo was selected as the best apps of 2013 by Apple App Store.
Also, the mobile application was pre-installed for iPhones on display in Chinese Apple retail stores. In 2018, the company was listed on the New York Stock Exchange (NYSE: LAIX). Based on the company source, the company's flagship product English Liulishuo has more than 60 million registered users from 379 cities in China. The founders of the company are Yi Wang, Hui Lin, and Ben Hu.
As of 2021, the company has a total of 533 employees. The company provides English learning software and mobile application for kids between 3-12, students, individuals, and institutions. Its main products include English Liulishuo, DongNi Standard, Kids Liulishuo, Liuli Reading, IELTS Liulishuo, LingoChamp, etc. Its courses include oral English, English reading, and IELTS test learning.
The courses are supported by AI interactive technology that provides customized feedback for individuals. As of March 2021, the total number of registered users is 200. 6 million.
Current Investors
IDG Capital, CMC Capital Partners, Hearst Ventures
Primary Industry
Education/Training
Sub Industries
Education & Training Services, Internet, Education & Training Software
Website
www.liulishuo.com
Verticals
Artificial Intelligence, EdTech, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
LAIX Inc. - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 12,332,000 | 165,561,000 | 637,224,000 | - | - | - |
| % Revenue Growth (YoY) | - | 1242.5% | 284.9% | - | - | - |
| EBITDA (USD) | (86,770,000) | (228,274,000) | (455,279,000) | - | - | - |
| Operating Income (USD) | (82,472,000) | (248,154,000) | (463,498,000) | - | - | - |
| Operating Margin | (668.8%) | (149.9%) | (72.7%) | - | - | - |
| % EBITDA Margin | (703.6%) | (137.9%) | (71.4%) | - | - | - |
| NET Income (USD) | (89,169,000) | (242,759,000) | (488,066,000) | - | - | - |
| % Net Margin | (723.1%) | (146.6%) | (76.6%) | - | - | - |
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