xi's moments
Home | QA with CEO

Innovative technology set to transform lives

China Daily | Updated: 2019-08-28 10:34

Wang Yi, CEO of LAIX

A1: LAIX is an English language learning platform driven by artificial intelligence. Our proprietary AI teacher offers a personalized and adaptive language learning experience to motivate and engage our users.

A2: The key pain points in the traditional education industry are low efficiency, high cost, and lack of fairness. What's more, offline educational institutions or online one-on-one classes were limited by time, teachers' ability and location, among many other factors.

A3: We aim to bring highly efficient and cost-effective products to the education industry, which we hope will make the sector fairer. A study has shown that with an average of 36.88 hours of study using English Liulishuo - our hit product - 72 percent of learners improved their test scores.

Our AI teacher is built on cutting-edge proprietary AI technologies that provide personalized teaching and guidance for all core components of a student's language learning process. Our users can have access to personalized and affordable online courses conducted by an AI English teacher anytime and anywhere.

A4: Today we live in a global community where people are increasingly interconnected, and mastering a second language is a must for new generations. Hence this promises a continuous growth of market potential in the language learning industry in China. As a pioneer in the AI-powered English learning market, LAIX is benefiting from the growing trend of education upgrades in China.

With the acceleration of AI technology and a staggering 829 million online users in China, the acceptance and application of AI+ Education - AI technology applications in education - will definitely become broader in the future in China.

A5: I received support from the 3310 Plan, which is designed to support innovative, entrepreneurial high-end overseas talents. LAIX received 400,000 yuan ($55,802) in funding from the MOHRSS Support Scheme for Returned Overseas Chinese Students' Entrepreneurial Start-Ups in May 2015 and 1 million yuan in funding from Yangpu district's Little Giant entrepreneurship and innovation project in 2017.Besides, Shanghai's inclusive culture and convenient way of life make it appealing to foreign AI talent.

|<< Previous 1 2 3 4 5 6 Next   >>|
Global Edition
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349