Woyingzhichang Explained

Woyingzhichang / 5Win
Native Name:我赢职场
Type:Private
Foundation:2013 (Beijing)
Location:Zhongguancun, Beijing, China
Industry:Online Education

Woyingzhichang (wyzc/5win/51zhichang) is one of China's largest online IT vocational job training and services firm.[1] [2] [3] In Chinese, the name roughly translates to "winning in the job market." It was founded in 2013 as a spin-off from Uplooking Ltd., an offline school for IT Training based in Beijing with centers spread across nine Chinese cities.[4] 51zhichang secured early backing from angel investor firm ZhenFund[5] [6] and has completed A-Round financing worth more than $5.64 million with support from the venture capital arm of the Chinese Academy of Sciences.[7] [8] In December, 2015, the firm announced a Pre-B round funding of an unspecified amount led by Shanghai Dingfeng Asset Management Co.[9]

Currently, the firm has more than 10,000 hours of classroom instruction and more than 380 sets of original programs.[10] It partners with Cisco, Red Hat, and Oracle to offer IT courses on technologies such as iOS and Android development, network and systems administration, big data analytics, and programming languages including C, C++, Java, and PHP.

According to its website, Woyingzhichang offers students who successfully complete its training programs a guaranteed job placement within six months, or they're entitled to their money back. Qualified teachers control module progression to ensure course success and students can earn tuition back by contributing to forums and assisting with questions.

Among 51zhichang's key competitors are Jikexueyuan "Geek School," and Tarena.

Notes and References

  1. Web site: Qie Xiaoye: The Future of Online Education. Sohu News.
  2. Web site: Inside a Chinese Coding Boot Camp. Huffington Post. 29 December 2015.
  3. Web site: Meet 5WIN - the startup aiming to be China's udacity. All China Tech.
  4. https://www.uplooking.com "Uplooking Homepage"
  5. "ZhenFund Invests in 51ZhiChang"PE Daily http://en.pedaily.cn/Item.aspx?id=219368
  6. Web site: Online education firm 51zhichang secures 2,000,000 yuan in angel funds. Taoming News.
  7. [QQ]
  8. Web site: The Rise of Online Vocational Schools in China. CKGSB Knowledge Magazine.
  9. Web site: Woyingzhichang secures Pre-B round for its Online-Offline IT vocational training, O2O business model . 36Kr. 13 December 2015 .
  10. Web site: 51zhichang exploring 020 education. iFeng News.