Chinese online English tutoring service 51Talk has filed for a public listing with the U.S. Securities and Exchange Commission, seeking to raise $100 million USD in funding. The company still hasn’t confirmed whether they will list on the NYSE or the NASDAQ.

If everything goes smoothly, 51Talk will be the first Chinese internet company to list in the U.S. this year, amid a recent preference for local listing among Chinese startups. Instabilities in Chinese stock market, which may bring about by policy adjustments, have affected 51Talk’s decision, according to the company.

Founded in 2011, 51Talk offers one-on-one e-learning courses with teachers mainly sourced from Southeast Asian countries who speak English as their native language. The company currently claims to have 6,000 teachers and 2,000 supporting staff, offering courses to over 100,000 paid users.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.