China's Leading Online Education Platform partners with Ping An
COVID-19 and China
PHOTO: Peilian 陪练

China's leading high-quality online music education platform Peilian 陪练 and Ping An Bank signed the “Ping An Easy Fund Supervision Agreement”, officially established “Peilian 陪练 User Special Fund” supervised by Ping An Bank. The signing ceremony means that Peilian 陪练 has become the first online education platform in China with bank fund reserve guarantee.

Peilian 陪练 founder and CEO, Ge Jiaqi and leaders such as Shi Xingchang, President of Hangzhou Branch, attended the signing ceremony as representatives and gave high recognition to this strategic cooperation. Shi Xingchang first introduced the history of Ping An Bank and the current experience and advantages of Ping An Bank in Internet finance, cross-border offshore finance, and integrated finance. He said that Peilian 陪练 has deep cooperation with Ping An Bank, invested over RMB 100 million and set up special funds to fully demonstrate the determination of Peilian 陪练 to protect users' rights and interests. He added that in the future, Ping An bank will have broad cooperation space with Peilian 陪练 and that the two sides will further deepen this partnership, which will be a win-win situation for both. Ge Jiaqi also said in his speech, "As the leading organization of online music education, Peilian 陪练 always shoulders heavy responsibilities, does not forget the initial intention, insists on responsibility for user experience, is responsible for the safety of user funds, and sets an industry benchmark by striving to create a safe and efficient A credible online education platform."

Peilian 陪练 actively conforms to the development trend, adheres to the principle of user priority, and takes the lead in constructing a user fund guarantee system from the user's standpoint, providing users with long-term, stable and safe management services, safeguarding the core interests of users, and making parents more comfortable.

Experts believe that this initiative is the first in the industry in the field of user fee protection, which has important significance for the development of industry norms and will further enhance the security. It will be a win-win situation for both the users and the platform.

At present, "Education + Internet" is still a big area to explore in the field of education. Education through technology has become the trend of this era. In November last year, Peilian 陪练 raised the highest financing record for the domestic quality education industry through the USD150 million Series C funding.

At the end of the signing ceremony, the two parties jointly stated that based on mutual benefit and mutual trust, based on the broad development prospects of online education, in the future Peilian 陪练 will further develop cooperation with Ping An Bank on a higher level and in a wider field. This will help in the healthy development of online quality education in China.

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