VIPCODE, a Beijing-based online kid programming education provider, announced today the strategic investment by A-share listed company SHENGTONG (002599), the parent company of ROBOROBO. The latest funds will be used to construct a comprehensive STEAM education platform by combining online and offline business, along with hardware and software.
Established in December 2017, VIPCODE focuses on online programming education with two major products providing teaching models including 1-on-1, small-size class, large-size class and on-demand learning. So far, the company has accumulated about 2 million registered users and over 15,000 paid users.
“The strategic investment in VIPCODE will accelerate its expansion of footprint in online programming track, and we’ll cooperate to promote the coordinated development of business.” Said Jia Chunlin, Chairman of SHENGTONG. Under the impact of the epidemic, the large-scale offline training activities are suspended by the authority, forcing the offline STEAM institutions to transform their business model towards OMO(Online-Merge-Offline).