17 Education & Technology Group Inc. (NASDAQ: YQ)

17 Education & Technology Group Inc. is a leading education technology company in China focused on smart in-school teaching and learning SaaS offerings. The company assists students teachers schoolmasters and educational authorities across China to achieve data-driven teaching learning and assessment. It also offers other educational products and services that complement students’ in-school learning. The firm leverages content data insights and brand recognition accumulated over the past decade to drive progress in its products and services following the implementation of the Alleviating Burden Opinion in July 2021.

The company generates revenue primarily through its teaching and learning SaaS offerings which are provided as a paid solution to educational authorities and schools. These offerings integrate software and hardware to deliver data-driven recommendations and value-added functions for in-school homework scenarios classroom solutions question banks self-directed learning and multi-role reporting. Revenue is also derived from other educational products and services such as membership-based premium educational content subscriptions light courses Chinese reading math oral arithmetic reading machines study plans and associated services. The general customer base includes regional educational authorities private and public schools and individual users accessing after-school educational products.

The company operates through the following segments: Teaching and Learning SaaS Offerings and Other Educational Products and Services.

• The Teaching and Learning SaaS Offerings segment provides paid software and hardware solutions to regional educational authorities and schools for data-driven teaching learning and assessment. It includes modules for classroom solutions question banks homework assignments self-directed learning and multi-role reporting. The segment integrates software and hardware to offer precision teaching personalized learning and scientific management across the K-12 spectrum. It aims to reduce the burden of teachers and students by improving homework assignment efficiency and enabling digitalization of traditional teaching resources.

• The Other Educational Products and Services segment includes membership-based premium educational content subscriptions light courses Chinese reading math oral arithmetic reading machines study plans and associated services. These products are designed to supplement in-school studies of primary and middle school students. The segment leverages the company’s educational content and school-and-district-level data insights to develop personalized exercise books with automated grading and analysis capabilities. It also includes systems to motivate children to develop self-directed learning habits.

The company holds a leading position in China’s education technology industry as a pioneer in smart in-school classroom solutions and teaching and learning SaaS offerings. It competes with other providers based on its ability to convert deep understanding of educational scenarios into user-friendly functions high-quality content aligned with local curriculum insights from learning data and analytics competitive pricing strong national sales networks effective customer service and marketing and strong brand recognition. The company’s competitive advantages include its massive proprietary content library of over 21 million high-quality educational resources its AI and algorithm technologies and its trusted relationships with students parents teachers and educational authorities.

The company serves regional educational authorities private and public schools and individual students and parents across China. Specific customer names include the Minhang District of Shanghai Changning District of Shanghai Xicheng District of Beijing Songjiang District of Shanghai and Suzhou Foreign Language School Nanjing Jiangning Binjiang Foreign Language School Kunshan Foreign Language School Changsha Mingda Middle School Xianghu Future School Zhongshan County Zhiyuan Middle School Aerospace City Campus of the High School affiliated with Renmin University and Aerospace City School Kunshan Foreign Language School. The company’s teaching and learning SaaS offerings are used in over 100 cities across 29 provincial-level regions in mainland China serving over 500 schools and 450000 active student users as of the date of the annual report.