Spring has arrived for the Chinese online education industry. Last week, a Beijing-based online education app raised USD 60 million in B-series funding. On Friday, an O2O educational product shopping guide completed its C-series fundraising of RMB 200 million (USD 31 million).
The funding was lead by Tangel Publishing Co., Ltd. and IT training company Tedu.cn. Previously, Juesheng.com completed its B-series funding in March, led by ChinaEquity Capital and followed by New Oriental Group and Linear Venture.
Juesheng.com, established in 2012, is a platform providing products for students between 3-22 years old, covering preschool education, K12 education, and vocational education. Juesheng.com claims to have over 220,000 merchants, 14 million registered users and 16 million app downloads.
After this round of fundraising, Xiao Zhihong, Chairman of Tangel Publishing Co., Ltd. will be added to the board of directors of Juesheng.com, whose board members also include Yu Minhong, founder of China’s leading educational institute New Oriental Group and Wang Chaoyong, founder of ChinaEquity Group.
“Juesheng.com has done a great job in combining mobile internet and education, and its growth has surpassed my expectation since it received investment from New Oriental Group”, said Yu.
(Top photo from Baidu Images)
