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  5. 51Talk Acquires Kaola Reading

M&A Deal Summary

51Talk Acquires Kaola Reading

On April 23, 2021, 51Talk acquired education company Kaola Reading

Acquisition Highlights
  • This is 51Talk’s 1st transaction in the Education sector.
  • This is 51Talk’s 1st transaction in China.

M&A Deal Summary
Date 2021-04-23
Target Kaola Reading
Sector Education
Buyer(s) 51Talk
Deal Type Add-on Acquisition

Target

Kaola Reading

China
Kaola Reading is a developer and provider of Chinese reading ability assessment systems and reading training systems in China, by issuing Class A ordinary shares of the Company through private placement. Kaola Reading was founded in 2016 and is based in China.

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Buyer(S) 1

Buyer

51Talk

Shenzhen, China
Category Company
Founded 2011
Sector Education
Employees360
Revenue 51M USD (2024)
DESCRIPTION

51Talk is an online education platform, with core expertise in english education. The Company's online and mobile education platforms enable students across china to take live interactive english lessons with overseas foreign teachers, on demand. 51Talk was founded in 2011 and is based in Beijing, China.

DEAL STATS #
Overall 1 of 1
Sector: Education M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2021 M&A 1 of 1
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