We have been waiting for Tencent to release an online education service, for the largest Internet company in China by market cap and user base cannot miss out on such a potential market. The latest version of Tencent’s QQ IM added an Education Mode to the group video chatting service. Alibaba launched a marketplace several months ago for teachers or educational organizations to sell live/recorded video courses, other educational materials or tickets to offline classes . Baidu came up with a digital content marketplace where educational service providers can sell video courses and other educational digital content as well. YY, the rich media communication service provider, launched YY Education in mid-2011.