17 Education & Technology Group Inc. is a leading education technology company in China with an “in-school + after-school” integrated model. Its smart in-school classroom solution delivers data-driven teaching, learning and assessment products to teachers, students and parents across over 70,000 K-12 schools, with the number of average MAUs of its products exceeding that of the next four top players combined in the first half of 2020, making it the clear market leader in China according to the Frost & Sullivan Report. In particular, the company covered approximately 56% of the primary schools, 60% of the middle schools and 7% of the high schools using smart in-school classroom solutions in China in the first half of 2020, according to the Frost & Sullivan Report. Leveraging its in-school leadership, the company offered online K-12 large-class after-school tutoring services that complement students’ in-school learning. The company rapidly became a top five online K-12 large-class after-school tutoring service provider in China in terms of both paid course enrollments and gross billings in 2019 and the first half of 2020, according to the Frost & Sullivan Report.