51Talk, also known as China Online Education Group, has announced a $72 million (along with Greenshoes & concurrent private placement) initial public offering (IPO) on the New York Stock Exchange (NYSE) on June 10, 2016 under the ticker symbol COE. The company is the largest and fastest-growing online English language teaching platform in China, with over 100,000 students in China taking interactive English lessons on demand from a nationwide network of more than 6,000-strong, highly qualified English as a Second Language (ESL) teachers in the Philippines.
Its phenomenal growth has been fueled by the quality of English education it provides through its Filipino teachers, getting only the best of the best with strict recruitment processes. Says Shu Ting, co-founder and PH country manager of 51Talk, “The Philippines has made a name for itself as a top destination for quality English teachers. We at 51Talk go further by having an acceptance rate of 3% for our applicants, ensuring that we provide the highest standards in teaching our students. With this U.S. IPO, we expect to recruit more excellent English language teachers to our Chinese students.”
Being the biggest online English teaching platform in the world, 51Talk’s focus has remained on the recruitment of quality Filipino teachers, proving that the foundation of effective teaching lies in the kinds of teachers they bring on board. Going public means there are bigger expectations for the company to beef up their teaching body, with stringent processes in place, to ensure that online teaching and learning expertise are up to standards.
Sue Ting Country Manager of 51Talk
Jennifer Que, VP for Operations of 51Talk
Leading the online English education industry, 51Talk is bullish on the job opportunities it opens for the Filipino teachers. “We create big opportunities in the online education industry, pushing for more jobs for Filipinos who are passionate to elevate themselves to English teaching. Our doors are open and we plea the best teachers out there – there is future with 51Talk and how you teach and improve lives of the students are a fulfillment like no other,” ends Ting.
51Talk has been leading the English education industry, not only by providing high volume of work opportunities, but also offering fulfilling, honorable, and noble English teaching jobs with competitive earning. The company’s unique teaching platform allows teachers to work from their homes, choose their own schedules, participate in regular and continuous training, and have full access to the company’s online support and mentoring officers. These create positive lifestyle changes for 51Talk’s online English teachers, as they can have more time to spend with their family and enjoy a flexible work schedule.
Aside from English proficiency, the company also values passion and enthusiasm for teaching as well as cultural congruency between its Chinese students and Filipino instructors. This has led the company to receive notable recognitions in China, such as The Nationwide Favorite Award Among One-on-One Oral English Education Organizations, The Best Internet Influence Award, Entrepreneur 100: China Innovation of the Year Top 100 Growing Companies, and The Foreign Language Organization with the Most Influence of Word of Mouth on Sina.com.