 BEIJING, April 23, 2021 PRNewswire -- China Online Education Group 51Talk, or the Company NYSE: COE, a leading online education platform in China with core expertise in English education, announced today that it has entered into a definitive agreement to acquire 100 equity interest in Beijing Xiangyue Education Technology Co., Ltd. Kaola Reading a leading developer and provider of Chinese reading ability assessment systems and reading training systems in China, by issuing Class A ordinary shares of the Company through private placement. 