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Most Innovative Companies

VIPKid

The World's Most Innovative Companies 2018

Beijing-based VIPKid is giving American teachers an income boost from halfway around the world. Under cofounder and CEO Cindy Mi, the online learning company contracts with more than 30,000 North American instructors and matches them with some 200,000 primarily Chinese pupils (ages four to 12) for one-on-one video sessions in English—along with a growing stable of other subjects. VIPKid's student population grew four times from how many children it served at the end of 2016. Students follow up live video lessons with online learning. Approximately 5% of teachers who apply are accepted. Educators rave on Facebook and YouTube about the ability to teach classes from anywhere (and to typically make about $20 an hour, usually in the time before or after school). Parents seem to share their enthusiasm: The platform has a 95% student-retention rate. In 2017, VIPKid’s 25-minute-long classes were forecasted to bring in $760 million in revenue—up from $300 million the previous year.

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headquarters: Beijing, China
VIPKid On The Web
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