Wang Yi, CEO of LAIX

A1: LAIX is an English language learning platform driven by artificial intelligence. Our proprietary AI teacher offers a personalized and adaptive language learning experience to motivate and engage our users.

A2: The key pain points in the traditional education industry are low efficiency, high cost, and lack of fairness. What's more, offline educational institutions or online one-on-one classes were limited by time, teachers' ability and location, among many other factors.

A3: We aim to bring highly efficient and cost-effective products to the education industry, which we hope will make the sector fairer. A study has shown that with an average of 36.88 hours of study using English Liulishuo - our hit product - 72 percent of learners improved their test scores.

Our AI teacher is built on cutting-edge proprietary AI technologies that provide personalized teaching and guidance for all core components of a student's language learning process. Our users can have access to personalized and affordable online courses conducted by an AI English teacher anytime and anywhere.

A4: Today we live in a global community where people are increasingly interconnected, and mastering a second language is a must for new generations. Hence this promises a continuous growth of market potential in the language learning industry in China. As a pioneer in the AI-powered English learning market, LAIX is benefiting from the growing trend of education upgrades in China.

With the acceleration of AI technology and a staggering 829 million online users in China, the acceptance and application of AI+ Education - AI technology applications in education - will definitely become broader in the future in China.

A5: I received support from the 3310 Plan, which is designed to support innovative, entrepreneurial high-end overseas talents. LAIX received 400,000 yuan ($55,802) in funding from the MOHRSS Support Scheme for Returned Overseas Chinese Students' Entrepreneurial Start-Ups in May 2015 and 1 million yuan in funding from Yangpu district's Little Giant entrepreneurship and innovation project in 2017.Besides, Shanghai's inclusive culture and convenient way of life make it appealing to foreign AI talent.