According to the prospectus of Red, Yellow and Blue listed earlier, the company was established in Beijing, 1998, focusing on the range of 0 to 6 years old. Is an early education institution in China, and is currently the largest preschool education service provider in China.

It is reported that R&B started as a learning center, and 200 1 expanded its business to kindergartens under the brand of R&B. ..

At present, an early childhood education service network covering 30 provincial administrative regions and 307 counties, cities and towns has been established, including 80 directly operated kindergartens and 20,463 school children, as well as 175 affiliated kindergartens, 8 directly operated parent-child amusement parks and 845 affiliated parent-child amusement parks.

Red, yellow and blue's main income comes from the tuition fees of direct-operated kindergartens, followed by the joining fee and the educational products developed by its' bamboo bag'.

According to the financial data, from 20 14 to 20 16, the income scale of R, B, C and B increased from $65.06 million to $190,000, corresponding to a compound annual growth rate of 29.2%, which was significantly higher than the average of 17.5% in the preschool education market in the same period. The revenue of 20 17 in the first half of the year was 64.34 million US dollars, an increase of 30.93% over the same period of last year.

At the shareholder level, the co-founders of R, B and L are the company's chairman, Cao He and Shi Yanlai, who hold 23.6% and 65,438+03.5% of the company's shares respectively.

However, the largest shareholder of R&B is Meng Liang (Chinese translation: Meng Liang), with a shareholding ratio as high as 30. 1%. According to previous media reports, Meng Liang is from Shanghai.

According to the information disclosed in the prospectus, Meng Liang worked in the hedge fund D.E. Shaw &; Co (translated into Chinese: Deshao Capital) has served as the global managing director, and has also served as the managing director of JP Morgan Asia Pacific. Its current company holding red, yellow and blue is Ascent Rainbow, and some media say Ascent Rainbow belongs to Ascendent Capital Partners, a private equity investment institution.

Official website of Shangda Capital introduced that Shangda Capital is a private equity investment management company focusing on the China market. In addition to red, yellow and blue, it also includes Ningxia Xiajin Dairy Beverage Co., Ltd. and public comments.