- Business
- Fenbi Ltd. (2469.HK) is an investment holding company engaged in providing non-formal vocational education and training services in China, focusing on career test preparation for recruitment and qualification examinations. The company offers a comprehensive portfolio of tutoring services through omni-channel delivery, including online learning products such as membership packages and challenge exercises priced between RMB20 to RMB598; large-class live tutoring courses with systematic knowledge explanations priced between RMB300 to RMB1,280; small-class sessions for written and interview tests with 8 to 60 students priced over RMB7,000; and other specialized tutoring courses; alongside sales of textbooks, learning materials, and related printing services. Fenbi operates primarily through its tutoring services segment, which accounts for approximately 84% of revenue, and the books sales segment; it leverages technology for personalized learning, AI-powered features like essay correction, online simulation exams, and real-time interaction, serving adult students targeting government institutions and professions such as civil service, public institutions, teachers, judiciary, banking, medical, construction, and accounting exams.
Founded in 2015 by Zhang Xiaolong, who serves as chairman and CEO, Fenbi is headquartered at 1-6/F, Building 103, No. 10 Courtyard Jiuxianqiao North Road, Chaoyang District, Beijing, with over 150 learning centers across 36 provinces and cities in China; the company employs around 7,177 full-time staff, including 3,026 instructors, and maintains an average monthly active user base exceeding 9 million. It was incorporated in the Cayman Islands in 2020 and listed on the Hong Kong Stock Exchange in 2024.
In recent developments, Fenbi disposed of its subsidiary Sichuan Lancai Shumei Technology Co., Ltd. in May 2024, launched an AI written test product in May 2024 and AI one-on-one interview review at year-end 2024, repurchased treasury shares for RMB444 million, granted over 11.2 million restricted share units to 223 employees under its 2023 incentive scheme, and entered a new cloud services and technical services agreement in 2025 via Fenbi Bluesky; its chairman purchased 810,000 shares for HK$2.4 million in October 2025, while revenue declined 7.7% to RMB2.79 billion in 2024 amid competition, with adjusted net profit of RMB363 million.