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China's Online Education Startups Score $604m Venture Funding In One Week – China Money Network

by chinamoneynetwork.com posted 4months ago 37 views
China’s relaxed population policy and a cultural emphasis on education have made online education a new favorite for investors. An indicator of this strong enthusiasm is the fact that four Chinese online educational firms have raised a total of US$604.2 million in venture funding this week. The biggest round this week is Chinese K-12 online education platform Vipkid’s US$500 million series D+ round led by technology-focused hedge fund Coatue Management, Tencent Holdings Ltd, Sequoia Capital China, and Jack Ma-backed Yunfeng Capital. The … China’s Online Education Startups Score $604M Venture Funding In One Week appeared first on China Money Network.