17EdTech is a Chinese K-12 education technology company that sells a teaching and learning SaaS platform to schools and regional education authorities across mainland China. The platform helps teachers assign and grade homework, conduct assessments, prepare lessons, and track student performance using AI and data analytics. It integrates software with hardware, primarily smart pens, to digitize traditional pen-and-paper workflows. 17EdTech was originally built on a free in-school platform that accumulated over 50 million verified student users across 70,000+ schools. Its primary revenue source was once for-profit after-school tutoring, but a 2021 Chinese government ban on that business forced a full pivot to a paid SaaS model targeting schools and government education bureaus. 17EdTech now earns revenue through two channels: large, competitively bid district-level project contracts that bundle hardware and software for entire school districts, and recurring school-based subscriptions. Management is deliberately shifting its mix toward subscriptions, which carry higher gross margins and more predictable revenue. The company also launched a consumer-facing product in 2025, Yiqi Aixue, which pairs a smart pen with AI-driven homework diagnostics and personalized study plans sold directly to students and parents. 17EdTech views its B-end school business and C-end consumer product as mutually reinforcing. The company remains unprofitable at the operating level, though losses are narrowing.