RareJob, which uses human-related data to develop global talent, announced a capital investment in DVE that runs Kynaforkids, a leading online English language training solution for students and adults in Vietnam.
The company recognizes this collaborative approach of providing teachers to partners as one of the strategic models for expanding the business globally in the future. By applying this model to other foreign companies, RareJob is looking for more partnership opportunities.
RareJob and DVE also plan to develop various collaborations for DVE’s existing services to enhance business expansion by distributing existing RareJob Eikaiwa Material, PROGOS®, AI Business English Speaking Tests for adults as well as children. The company will explore growth potential in Vietnam by coordinating with DVE, starting with this partnership that currently benefits the property. It continues to strengthen business partnerships with foreign companies, which is a cornerstone of growth strategy.
Founded in 2007 by Gaku Nakamura, the Tokyo-based company suggested solutions using our network of approximately 6,000 available Filipino tutors to provide high quality and consistent lessons to DVE students.
When commenting on capital investment, Gare Nakamura, co-founder and CEO of Rarejob, Said, “I am pleased to announce that RareJob has invested in Vietnam’s online ESL player Kynaforkids. RareJob will provide tutor resources and some other knowledge of live tutoring lessons for their service.”
Vietnam is one of the Asian countries that has great potential in the English education market. Its Internet penetration rate is rising and the number of Internet users in Vietnam ranks third among Southeast Asian countries. In addition, household spending on education is relatively high compared to other Asian countries, indicating that children’s education is important in Vietnamese society.
In addition, the epidemic effect of Kovid-1 pandemic can cause more than ninety percent of children to experience learning online, which has led to a rapid increase in the need for online learning. Taking advantage of this situation, DVE is expanding its online English tutoring solution, increasing the number of users domestically and internationally under the Kina English 1-1 brand.
In April 2021, RareJob expanded its business relationship with Adtech players abroad by investing more in Globish Academia (Thailand) Company Limited, (hereinafter, “Globish”), a Thai online English teaching service provider and Multibhashi Solutions Pvt. , Indian online English teaching service provider.
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