Knowbox
作业盒子
Knowbox (作业盒子) was an ed-tech company founded by Leo Liu (刘夜), who served as its founder and CEO . The company built tools for China's public school system, positioning itself around AI-oriented content (AIOC) and adaptive learning scenarios . At its peak, Liu built it into an education unicorn serving over 100 million teachers and students across roughly 100,000 schools . Early backing came from Richard Liu (刘强东) and Source Code Capital, among others . The company's trajectory was reshaped by China's "Double Reduction" policy crackdown on after-school tutoring; Liu has since moved on to found VisionFlow and the AI education product Talkit .
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Coverage
Rebuilding on the Ruins of "Double Reduction": A Conversation with Serial Entrepreneur Liu Ye — From Zuoyebang to Talkit
Keep swimming until the sea turns blue.
On the "Ruins" of Double Reduction, Rebooting Life with AI | A Conversation with Serial Entrepreneur Liu Ye: From Zuoyebang to Talkit
Source Code Capital Closes $570 Million New Fund
Create lasting, real value
Yi Cao of Source Code Capital Named to 2019 Forbes Midas List
Create Lasting, Real Value
2 Companies Close Funding Rounds, 5 Complete Strategic Upgrades, 9 Win 6 Major Awards | Source Code Capital Monthly · January
"Ma Hui Chronicles" documents our members' incremental progress, shares the joy of growth, and looks forward to an even brighter future.
A Solid Finish to 2018, Continued Patient Growth in 2019 | Code Meet Journal · December
"Ma Hui Journal" chronicles the small steps forward of our community members, shares the joy of growth, and looks toward an even brighter future.
Source Code Capital Wins Five Awards Including Zero2IPO's 2018 Top 50 China VC Firms
Create Lasting, Real Value
Niu Technologies IPO Lands on Nasdaq; 3 Companies Close Funding Rounds; Code Brain Issue 8 Mines India | Code Brain Newsletter · October
【Source Code Capital Newsletter】Here we record the small steps forward taken by our team members, share the joy of growth, and look forward to an even brighter future.
Meituan IPO on Hong Kong Exchanges and Clearing Limited; 4 Companies Complete Funding Rounds; 8 Companies Win 12 Awards | Source Code Capital Monthly · September
**Source Code Capital Chronicles** — recording our teammates' step-by-step progress, sharing the joy of growth, and looking toward an even brighter future.
4 Companies Close Funding Rounds, 7 Firms Undergo Strategic Upgrades: Code Brain Issue 7 Breaks Down WeChat Ecosystem and Mini Program User Acquisition | CodeHui Journal · August
【Ma Hui Journal】A place to record the small steps forward of our community members, share the joy of growth, and look toward an even brighter future.







