Company DescriptionTCTM Kids IT Education Inc., through its subsidiaries, engages in the provision of IT-focused education services in Mainland China. It offers supplementary science, technology, engineering, and mathematics (STEM) education programs to young children aged between three and eighteen through online teaching models and instructors from online or offline learning centers. The company also operates an education platform that offers distance instruction, classroom-based learning, and online learning modules. In addition, it operates 61it.cn, an online platform to facilitate the live instruction of STEM education courses; and Tongcheng Online App. The company was formerly known as Tarena International, Inc. and changed its name to TCTM Kids IT Education Inc. in February 2024. TCTM Kids IT Education Inc. was founded in 2002 and is headquartered in Beijing, the People’s Republic of China.
How the Company Makes MoneyTCTM Kids generates revenue through several key streams. Primarily, the company earns money by charging tuition fees for its coding and robotics classes, which are offered in various formats, including in-person and online sessions. Additionally, TCTM Kids may sell educational materials and resources, such as workbooks and software tools, to enhance the learning experience. The company may also engage in partnerships with schools and educational institutions, providing tailored programs that generate further income. Furthermore, TCTM Kids might explore grant opportunities and sponsorships from tech companies interested in supporting children's education in IT, which can contribute to its overall revenue.