According to Duozhi.com, the online mathematics thinking class brand Pea Siwei recently officially acquired the online English class brand Magic Ear.
According to the company's information, Moli Ear has officially completed the industrial and commercial change on October 15th. Pea Thinking has become the current sole controlling shareholder of Moli Ear, with a 100% shareholding ratio. Ape tutor (parent company Beijing Yuanli Education Technology Co., Ltd.), which previously holds 42.585% of shares, and Jin Lei, founder of Magic Ear, who holds 23.018% of shares, have all withdrawn from the current shareholder queue. Founder Jin Lei, former Vice President of Yuandaodao, Vice President of Cheetah Mobile and Editor-in-Chief of Sina Technology.
Magic Ear provides online teaching services for Chinese children from 4 to 12 years old in North America. The company was established in December 2016 with a registered capital of RMB 2.8112 million.
Not long ago, Zhang Jie, CEO of Pea Thinking, issued an internal letter on the fourth anniversary of Pea Thinking: Pea will become a comprehensive learning platform that integrates language, mathematics, and English.
"Pea's product system will be more diversified. Based on the current mathematics learning, it will allow users to learn English, learn Chinese and other subjects in Pea, and become a one-stop online learning platform for children." Zhang Jie mentioned in the internal letter. To.
The pea official announced that its latest single-month revenue in March exceeded 90 million. Exploring the second growth curve, including expansion, has become a matter of pea.
In September 2020, Duo Zhi learned that Pea Thinking is approaching Magic Ear to discuss the issue of acquisition. A month later, this acquisition officially fell.