Chinese online English tutoring service 51Talk has filed for a public listing with the U.S. Securities and Exchange Commission, seeking to raise $100 million USD in funding. If everything goes smoothly, 51Talk will be the first Chinese internet company to list in the U.S. this year, amid a recent preference for local listing among Chinese startups. Founded in 2011, 51Talk offers one-on-one e-learning courses with teachers mainly sourced from Southeast Asian countries who speak English as their native language. Its net loss attributable for shareholders hit 402 million yuan in 2015, up from 130 million yuan one year earlier. After sprawling growth, especially the English training sector, consolidation began in 2015, during which 51Talk acquired a rival 91Waijiao, a similar site founded by Gong Haiyan, founder of Chinese online dating service Jiayuan.