{"id":1106,"date":"2020-09-29T08:33:29","date_gmt":"2020-09-29T15:33:29","guid":{"rendered":"https:\/\/blogs.ubc.ca\/etec522\/?p=1106"},"modified":"2020-09-29T08:34:38","modified_gmt":"2020-09-29T15:34:38","slug":"cindy-mi-founder-ceo-of-vipkid","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/etec522\/2020\/09\/29\/cindy-mi-founder-ceo-of-vipkid\/","title":{"rendered":"Cindy Mi, Founder &amp; CEO of VIPKID"},"content":{"rendered":"\n<p>Originally posted by&nbsp;<a href=\"https:\/\/virtual.educ.ubc.ca\/wp\/etec522\/author\/yuanlin-dong\/\">Vincent Dong<\/a>&nbsp;on May 27, 2019<\/p>\n\n\n\n<p>Please allow me to introduce Cindy Mi, the founder and CEO of VIPKID.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/virtual.educ.ubc.ca\/wp\/etec522\/wp-content\/blogs.dir\/1974\/files\/sites\/1974\/2019\/05\/462233DA-88AE-409F-8A4E-D2DAF452A0F1-300x300.jpeg\" alt=\"\" class=\"wp-image-46449\" \/><\/figure>\n\n\n\n<p>VIPKID is one of the largest online English tutoring companies in China, which is valued at more than $3.5 billion. It matches over 60,000 teachers in the US and Canada with over 500,000 Chinese students for one-on-one online English learning. On the list of 2018 World\u2019s Most Innovative Companies, VIPKID ranked 29th worldwide, and the 2nd right after Tencent (the Chinese Internet giant) in China.&nbsp;<\/p>\n\n\n\n<p>With bad learning experience with her Math lessons, Cindy encountered lots of difficulties with the school. She dropped out in 11th grade, and started the first business with her uncle at the age of 17. They created a brick-and-mortar English-training business, where Cindy worked as a co-founder and an English teacher. This experience allowed Cindy to lead business development across China, which gave her the \u201cstreet smart.\u201d Then Cindy studied for the \u201cbook smart\u201d and obtained an MBA degree from Cheung Kong Graduate School of Business (CKGSB) in 2012. This business school gives strong support to entrepreneurs and encourages students to start their own businesses.&nbsp;<\/p>\n\n\n\n<p>During the period, Cindy found that anxious Chinese parents approximately spend $15 billion a year on children\u2019s English-language learning. There are 18 million new babies born every year and a million elementary school kids in China. However, as a comparison, the residing qualified foreign English teachers are only 27,000. There is obviously an imaginable huge gap between demand and supply. In response to this finding, Cindy started her second business after graduation and founded VIPKID in 2013.<\/p>\n\n\n\n<p>If you are interested in the background, skills and motivation behind the story of entrepreneurship, you can find more details from this interview video.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/youtu.be\/eJVTnVVJtgY\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Originally posted by&nbsp;Vincent Dong&nbsp;on May 27, 2019 Please allow me to introduce Cindy Mi, the founder and CEO of VIPKID.&nbsp; VIPKID is one of the&#8230;<\/p>\n<div class=\"more-link-wrapper\"><a class=\"more-link\" href=\"https:\/\/blogs.ubc.ca\/etec522\/2020\/09\/29\/cindy-mi-founder-ceo-of-vipkid\/\">Read more<span class=\"screen-reader-text\">Cindy Mi, Founder &amp; CEO of VIPKID<\/span><\/a><\/div>\n","protected":false},"author":74053,"featured_media":1108,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-1106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-founders-parade","entry"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/etec522\/wp-json\/wp\/v2\/posts\/1106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/etec522\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/etec522\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/etec522\/wp-json\/wp\/v2\/users\/74053"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/etec522\/wp-json\/wp\/v2\/comments?post=1106"}],"version-history":[{"count":2,"href":"https:\/\/blogs.ubc.ca\/etec522\/wp-json\/wp\/v2\/posts\/1106\/revisions"}],"predecessor-version":[{"id":1111,"href":"https:\/\/blogs.ubc.ca\/etec522\/wp-json\/wp\/v2\/posts\/1106\/revisions\/1111"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/etec522\/wp-json\/wp\/v2\/media\/1108"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/etec522\/wp-json\/wp\/v2\/media?parent=1106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/etec522\/wp-json\/wp\/v2\/categories?post=1106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/etec522\/wp-json\/wp\/v2\/tags?post=1106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}