Hello, everyone. My name is Arnold, founder & CEO of Hujiang EdTech.I’m so honored to be a juror for the 2017 WISE Awards and so happy to share my story with all of you?here today.
We all know that there is a very famous “river” on the Internet called Amazon,which has changed people’s shopping habits. However,there is also a “river” on China’s Internet,which is changing people’s learning habits – its name is Hujiang,meaning a river from Shanghai, created 16 years ago by chance.
At that time, I was still a student in college. I found that many young people wanted to study online due to a lack of educational resources. So I started Hujiang right in my dormitory.It wasn’t a business, just a charity.
After 5 years of operating, when I graduated from my university, I decided to turn it into a start-up. But nobody believed that it would work. Although it was very difficult,10 years later, the company's valuation reached more than $1.6 billion.Our user number has increased from 200 thousand to 160 million, and most of them are on the mobile end. Now we have more than 100 thousand new users each day.Try to imagine this, if they were in a real offline school, how could the school accommodate so many students？It has gradually become the largest online education platform in the world, a unicorn company.
If you ask me how we have survived,I think the most important reason is luck:Lucky to survive, lucky to grow, and lucky to witness how the Internet has rapidly changed China.
Let me share with you some interesting data:China has more than 730 million Internet users (including 690 million mobile users), almost as much as the European population.Do you have any idea of the power of this huge population? China has the longest high-speed railway network that runs at 400 KM per hour, Chinese people eat over 7 billion chickens every year, and deliver over 80 million packages every day. There are no bike thieves there because shared bikes are everywhere. Even the beggars wanna be “paid” by Wechat or Alipay.They don’t want cash. People call these the New Four Great Inventions of China.
There is no doubt that China has developed very rapidly in the past thirty years. But at the same time, there are many problems that remain unsolved, especially the imbalance of rural education.