Yimifudao, also known as VIPKid, is an online education platform based in China. Founded in 2013 by Cindy Mi, the company aims to provide high-quality education to young Chinese students by connecting them with qualified native English-speaking teachers from around the world. Headquartered in Beijing, Yimifudao has expanded rapidly since its inception.

It has over 100,000 teachers in its network, delivering English language lessons to millions of students across China. The company's success can be attributed to its innovative online platform which uses video conferencing to facilitate real-time interaction between teachers and students. Yimifudao's main product is its online English language courses for children aged 4-12.

These courses are designed to enhance students' English language abilities in a fun and engaging way. Each class is one-on-one, allowing for personalized attention and tailored learning experiences. The company also offers supplementary learning materials, such as interactive games and educational resources, to supplement the lessons.

On a global scale, Yimifudao has made significant strides. It has formed strategic partnerships with prominent international education organizations, including TESOL International Association and the College Board. The company has also established subsidiaries in the United States and Europe, expanding its reach beyond China's borders.

In terms of market position, Yimifudao is a leading player in the online education industry. It has experienced rapid growth in recent years, with a strong foothold in the Chinese market. The company faces competition from other online education platforms in China, such as 51Talk and DaDaABC, but it has managed to maintain a prominent position through its focus on quality teaching and innovative technology.

A major event for Yimifudao was its successful series E funding round in 2020, where it raised $80 million from investors. This funding allowed the company to further expand its operations and invest in research and development to enhance its platform. Currently, Yimifudao continues to thrive as an industry leader in online education.

It is continually improving its platform and expanding its services to meet the evolving needs of its students. The company remains dedicated to providing accessible and high-quality education to children in China and beyond