{"id":17568,"date":"2021-09-17T08:00:00","date_gmt":"2021-09-17T08:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/09\/17\/preface-the-hong-kong-based-edtech-company-sees-500-yoy-surge-in-revenue-overcoming-impact-of-pandemic\/"},"modified":"2021-09-17T08:00:00","modified_gmt":"2021-09-17T08:00:00","slug":"preface-the-hong-kong-based-edtech-company-sees-500-yoy-surge-in-revenue-overcoming-impact-of-pandemic","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/09\/17\/preface-the-hong-kong-based-edtech-company-sees-500-yoy-surge-in-revenue-overcoming-impact-of-pandemic\/","title":{"rendered":"Preface, the Hong Kong-based EdTech Company, Sees 500% YoY Surge in Revenue, Overcoming Impact of Pandemic"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>TOKYO, JAPAN and LONDON, UK &#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\">Media&#13;<br \/>\nOutReach<\/a>\u00a0&#8211; 17 September 2021 &#8211;\u00a0<b><a href=\"https:\/\/www.preface.ai\/\">Preface<\/a><\/b>, the Hong&#13;<br \/>\nKong-based <b>EdTech<\/b> company, has&#13;<br \/>\nannounced the completion of its Series A funding from prominent investor <sdt sdttag=\"goog_rdk_1\" id=\"-840782244\"><b>Sunlink&#13;<br \/>\n Holdings (H.K.) Limited<\/b><\/sdt>. The company will use the latest round of funding to further develop its&#13;<br \/>\nbusiness in major cities including Hong Kong, Tokyo and London, with a&#13;<br \/>\ndetermination to popularise coding knowledge and make it a universal language.&#13;<br \/>\nPreface aims to equip the new generation with this key language for a better&#13;<br \/>\nfuture.<\/p>\n<p style=\"text-align: center\"><img src=\"https:\/\/images.media-outreach.com\/Thumb\/500x0\/177738\/Senior-Management.jpg#image-177738\" width=\"500\"\/><\/p>\n<p align=\"center\">Tommie Lo (front row, second left), Founder&#13;<br \/>\nand CEO of Preface, and the Management Team<\/p>\n<p><sdt showingplchdr=\"t\" sdttag=\"goog_rdk_4\" id=\"1678926600\"><\/p>\n<p>\u00a0\u00a0\u00a0\u00a0 <sdtpr\/><\/p>\n<p>&#13;<br \/>\n<\/sdt><\/p>\n<p>The&#13;<br \/>\nglobal EdTech industry continues on a sharp growth path and is now worth more&#13;<br \/>\nthan US$100 billion. Despite the impact of the ongoing pandemic, Preface has&#13;<br \/>\nseen a continued improvement in its performance, with year-on-year revenue&#13;<br \/>\ngrowth of 500% over the past 12 months.<\/p>\n<p>\u00a0<\/p>\n<p><b>Tommie Lo, Founder and CEO of Preface<\/b>, said:&#13;<br \/>\n&#8220;Coding will become the universal language of the future. Trusted by&#13;<br \/>\nMassachusetts Institute of Technology (MIT) and UNESCO in the provision of&#13;<br \/>\nprogramming education, Preface offers award-winning programming curricula to&#13;<br \/>\nglobal academia and leading multinational corporations. Through the&#13;<br \/>\nhigh-mobility classroom model we are initiating, our goal is to equip future&#13;<br \/>\ntalents with this key language.&#8221; <\/p>\n<p>\u00a0<\/p>\n<p>&#8220;We&#13;<br \/>\nare very excited to support Preface in its Series A round of funding. In the&#13;<br \/>\ndigital transformation era, education has become one of the fastest-changing&#13;<br \/>\nlandscapes and we see enormous potential for the business. We trust that a&#13;<br \/>\nforward-looking company like Preface can revolutionise the education industry&#13;<br \/>\nthrough their innovative approach,&#8221; said <b>Angus&#13;<br \/>\nChan, COO and CFO of Sunlink Holdings (H.K.) Limited<\/b>.<\/p>\n<p>\u00a0<\/p>\n<p><b><u>With the digitisation of society,&#13;<br \/>\ncultivating global coding talents has become the responsibility of education <\/u><\/b><\/p>\n<p>As&#13;<br \/>\nthe first Asian teaching platform to win an award at <sdt sdttag=\"goog_rdk_5\" id=\"1939863463\"\/><sdt sdttag=\"goog_rdk_6\" id=\"671600948\"\/>&#8220;EdTechXEurope&#8221;, the world&#8217;s largest education&#13;<br \/>\nsummits, Preface Coding by Preface is committed to nurturing talents and&#13;<br \/>\ncooperating with universities around the world, such as MIT and the University&#13;<br \/>\nof California, Los Angeles (UCLA) in the United States. Preface has also designed&#13;<br \/>\nofficial coding courses for top-ranked universities and co-organised seminars&#13;<br \/>\nand workshops with multinational technology companies and non-profit&#13;<br \/>\norganisations. Preface has now trained more than 10,000 students around the&#13;<br \/>\nworld.<\/p>\n<p>\u00a0<\/p>\n<p><b><u>Decentralised Classroom \u2013 solving&#13;<br \/>\nissues raised by traditional education model and fuelling innovation technology&#13;<br \/>\n<\/u><\/b><\/p>\n<p>Preface&#8217;s&#13;<br \/>\ninnovative teaching concept, the<b>&#13;<br \/>\n&#8220;Decentralised Classroom&#8221; delivery model<\/b>, emphasises that&#13;<br \/>\neducation should not be restricted by time and place. Students from Preface are&#13;<br \/>\nable to choose how and where to attend their coding courses as they prefer,&#13;<br \/>\nreceiving teaching materials according to real<sdt sdttag=\"goog_rdk_7\" id=\"-1874373913\">&#8211;<\/sdt>time&#13;<br \/>\nanalysis and being matched with teachers through AI technology. <\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2021-09-17\/95145\/preface-the-hong-kong-based-edtech-company-sees-500-yoy-surge-in-revenue-overcoming-impact-of-pandemic\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TOKYO, JAPAN and LONDON, UK &#8211;\u00a0Media&#13; OutReach\u00a0&#8211; 17 September 2021 &#8211;\u00a0Preface, the Hong&#13; Kong-based EdTech company, has&#13; announced the completion of its Series A funding from prominent investor Sunlink&#13; Holdings (H.K.) Limited. The company will use the latest round of funding to further develop its&#13; business in major cities including Hong Kong, Tokyo and London, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":17569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17568"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=17568"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/17569"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=17568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=17568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=17568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}