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[adventious]

The report, which was released late last week, found that China’s online education market reached nearly RMB 40 billion (US$6 billion) in 2015, a massive upswing from its RMB 28 billion (US$4.2 billion) value the previous year. But massive crowding in the marketplace – the report estimates that China has about 9,500 different edtech companies, although that includes everything from unfunded startups to longtime established players – has meant that very few companies are actually making any money. Just five percent of China’s online education firms profited in 2015, according to the report.
--Jan 26, 2016

Just 5% of China’s online education companies made a profit in 2015
https://www.techinasia.com/5-chinas-online-education-companies-profit-2015

[Longer]

I am not much surprised by your 5% conclusion since online education does not have much credibility in China, and not much more elsewhere for that matter.