YXT.com is the leading provider of corporate learning and development software in China, where it operates under the brand Radnova. Founded in 2011, its subscription software helps large employers create and deliver training, manage careers from hiring through to progression, and organise internal knowledge. It serves more than 2,300 subscribing enterprises with a user base of over 20 million, and its software is available in 19 languages to support multinational customers. Over recent years the group has redesigned its product suite around AI and is now evolving from corporate learning into a wider set of intelligent productivity tools.

There are five compelling reasons why YXT.com represents an attractive investment opportunity.

1. A leading position in China’s digital corporate learning market.

The group is the largest digital corporate learning provider in China by total revenue, subscription revenue and number of subscription customers. It has the largest portfolio of large enterprise clients of any provider in the market, the substantial majority of which are on long-term subscription contracts. Western suppliers tend not to design software specifically for the Chinese market and are not cost competitive with domestic providers, and management notes the group has repeatedly won business against international players.

2. Fifteen years of workforce data underpin an AI-enabled product suite.

Through 15 years of providing learning and development software, the company has accumulated data on how staff perform essential and critical tasks, and on how employers turn inexperienced new joiners into productive employees. That knowledge is used to build AI agents and sits at the heart of AI Box, the platform that powers the group’s products and allows enterprises to design and commission agents of their own. Above it sit three solutions. TalentNova, the main business line, is an AI-native talent management system covering hiring, development, deployment and retention. NeoLearning uses AI to personalise learning paths and generate training content. SaleSmart analyses sales conversations and provides coaching to individual salespeople and their managers. These products give the group scope to improve retention and attract new customers, and AI-related solutions are growing as a percentage of subscription revenue.

3. Internal use of AI has reshaped the cost base.

The company has applied AI across its own operations. Service bots reduced customer service headcount from around 80 to six. A switch to generative engine optimisation increased enquiries and sales leads by 40% while cutting marketing spend by 70%. Adopting its own sales product internally lifted the win rate. Together with a better revenue mix, this has lifted gross margin every year since 2022, from around 54% to around 70%, and reduced operating costs, with losses narrowing each year.

4. A focus on large enterprises, with several routes to growth.

The company narrowed its focus to the large enterprise market because these customers more likely to have the budget to invest consistently in corporate learning solutions. Its direct sales force targets these accounts, where account managers and customer success managers upsell additional learning content and productivity solutions, and because many clients are conglomerates, the group can expand into further subsidiaries and along customer supply chains. Lower implementation and service costs, achieved through AI, also open up the long tail of smaller and medium-sized companies that was previously unprofitable to serve, reached through a lighter product and a growing network of channel partners. Sales enablement can be cross-sold to the existing subscriber base, in a market where a large number of Chinese enterprises run sizeable sales teams.

5. Structural demand drivers support the market.

China’s pool of working-age people is shrinking and the retirement age is rising, making it more important for employers to maximise the skills and productivity of each employee and to retrain staff moving away from physical work. The pace of AI and robotics adoption adds further need for upskilling. With under a fifth of China’s corporate learning market currently delivered digitally, there is considerable room for digital adoption to grow.

Published 1 October 2026