Singapore-based EdTech Startup Cialfo Expands To China
Opens Shanghai Office, Appoints China Head, Inks New Strategic Partnerships
· China expansion comes weeks after successful fundraising with top angel investors
· Jack Cui named Director of Cialfo China, brings extensive market knowledge and local relationships
SHANGHAI, CHINA & SINGAPORE, 25 OCTOBER 2016 – Cialfo, a Singapore-based education technology (edtech) startup
Randian Consultant, meanwhile, is an investment and operations company in the education sector with operations in Beijing, Tianjing, and Heibei.
Cialfo is looking to collaborate with more education service providers and after-school enrichment programs to be able to connect with existing consultancies on the platform, opening up richer profile-building opportunities for students.
Rohan Pasari, Co-founder and CEO at Cialfo, said: “Cialfo’s vision is to help a million students find their dream college through our platform by 2020. Key to this is to partner with the right education consultancies to tap into edtech opportunities in Asia, particularly in China and India where opportunities are most apparent. The new generation of middle-class want their children to benefit from a good, solid education. They want them to attend the best colleges in the U.K. and U.S. With competition for places so high, they look to us and our partners to give them the edge in the admissions process.”
Jack Cui, Director of Cialfo China, said: “I’m delighted to come on board Cialfo, an innovative startup in the edtech space, to spearhead the China operations. I’m here to engage all our different stakeholders – from students to consultancies – and help Cialfo really make sense of the entire China education model.”
Yanqun Shao, CEO of Shanghai Dingshi Education, said: “Cialfo’s white label solution really takes care of the college admissions process end-to-end. Our students love the features, such as how simple it is to track their admissions status and priority tasks, all in one easy-to-use platform. It’s really what’s missing from the education ecosystem, and we can see adoption among consultancies in and around Shanghai – and further afield – really ramping up in 2017. It’s not just our students, but our consultants, too, that love what Cialfo has done.”
Deloitte estimates the overall size of China's education industry to grow from 1.6 trillion yuan (US$237.4 billion) in 2015 to 2.9 trillion yuan (US$430.6 billion) by 2020. According to the Chinese Ministry of Education, there were 62,582 Chinese students who went abroad to study in 2005. This number has since increased by over eight times, with 523,700 outbound Chinese students in 2015.
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