Children's coding classes to ride high-tech wave to success

The market for young children's coding classes is predicted to boom in the next three to five years, as ambitious entrepreneurs believe the online education industry's future will be promising.

Jingdata, a financing and investment activity information provider, said the sector's market penetration was 1 percent in China this August, and the average spend on coding classes totaled 6,000 yuan ($866) per person per year. As such, the current market size has topped 10 billion yuan. The company predicted the market will top 50 billion yuan in next five years.

Industrial entrepreneurs hold an even more optimistic view, forecasting the market will double in size over the same period.