BEIJING, July 29 (Xinhua) -- China 's out - of - school edtech market is set to expand from USD ( $ 4.3bn ) in 2017 to CNY714bn in 2025 , driven by wider interest in online courses , according to a report from UBS . It said education has lots of potential to grow as data mining , virtual reality and facial recognition become more commonplace , and because Chinese parents often expect their children to do additional classes outside school . UBS analyst Edwin Chen said online courses would increase from a 13 % share of the market last year to around half .
China 's out - of - school edtech market is set to expand from USD ( $ 4.3bn ) in 2017 to CNY714bn in 2025 , driven by wider interest in online courses , according to a report from UBS . It said education has lots of potential to grow as data mining , virtual reality and facial recognition become more commonplace , and because Chinese parents often expect their children to do additional classes outside school . UBS analyst Edwin Chen said online courses would increase from a 13 % share of the market last year to around half .