Rise Education Cayman Ltd. (Nasdaq: REDU) announced Thursday that it has launched a one-stop app aiming to improve learning experience and facilitate communication between teachers, parents, and students.
In response to the news, shares in the Beijing-based provider of junior English language training inched up 7 cents to $8.76 per American depositary share Thursday morning.
The company’s new platform includes “Rise Teacher” for teachers and “Rise+” for parents and allows easy access to online tutoring tools and student exercises, Rise Education said in a statement today. Its other perks include saving homework online and providing learning feedback. In addition, teachers can post videos and photos of classes to keep parents updated about their children’s performance.
“The launch of the intelligent learning platform is part of RISE's strategy to empower education with technology," Rise’s chief executive, Yiding Sun, said. "RISE is making efforts to create an intelligent and adaptive teaching system, based on Artificial Intelligence and Big Data technologies.”
Sun added, “We hope to develop customized and personalized teaching service for each student with the goal of nurturing global talents with strong leadership."
Rise said it will continue to improve its app with additional functions and features. For example, it plans to add a live-streaming option so that parents can watch classes in real-time.