- Chinese education startup VIPKid, which connects native English-speaking teachers with Chinese students, raised $500 million in April for a valuation of over $3 billion.
- But a year after the company launched in 2014, it had a unusual crisis that nearly derailed the company, CEO and founder Cindy Mi told Business Insider.
- During its pilot stage, a prominent blogger promoted the company, leading to thousands of angry parents trying to sign up for the service, but being unable to.
- Mi and her team’s sharp handling of the crisis became a key turning point in the company’s success story.
Earlier this year, Chinese education startup VIPKid read more >>>
Source:: BusinessInsider.Com