FAILDEX失樂園
中文

Qkids

The business, the turning points, and the decisions behind them.

Founded2015
Event year2021
FundingUS$100M
Cash burnedUS$100M
Some sections are still being researched1 / 4

Sections to complete:05

01 / WHAT IT BUILT

What the company did

Qkids (久趣英语), founded in 2015 in Xiamen, was an online English-learning platform for children, connecting young learners with English teachers via live video. It raised about $100 million and grew to 500-1,000 employees, becoming one of China's larger online English-education brands alongside VIPKid, GoGoKid and DaDa.

02 / Qkids FAILURE REASONS

Why it failed

In July 2021 China's 'double reduction' policy banned for-profit curriculum-based tutoring and the hiring of foreign-based tutors for Chinese students, wiping out the core business model of online English platforms. Like peers (GoGoKid suspended classes Aug 5, 2021; VIPKid stopped selling foreign-taught courses; DaDa closed Jan 2022), Qkids lost its Chinese student market and continued only with a much smaller base of non-China students.

03 / EVENT HISTORY

Events in the structured record

  1. Founded

    Qkids founded in Xiamen as an online children's English platform.

  2. Policy shock

    July 2021 'double reduction' policy barred for-profit K-12 tutoring and foreign-based tutors; Qkids' core China business collapsed and the company continued only with fewer non-China students.

  3. Peers exit

    By early 2022, peers DaDa, GoGoKid, SayABC, Landi and others had fully shut down; Qkids remained in reduced operation for students outside China.

04 / CONTEMPORARY REBUILD ASSESSMENT

Difficulty of rebuilding this project today

Material for this section is being gathered and checked. It will appear here once ready.

Rebuild difficultyPending assessmentNot completed
Scoring basisNot completed
ScalabilityPending assessmentNot completed
Scoring basisNot completed

Overall assessment: Not completed

05 / CAUSAL CHAIN / AFTERMATH

Pending assessment

Material for this section is being gathered and checked. It will appear here once ready.