Universal Education Group Raises 'Tens of Millions' in Series C Round

UNIVERSAL EDUCATION GROUP: TechNode reports that Beijing-based Universal Education Group has raised "tens of millions of dollars" in a Series C round led by Baidu, with HAO Capital and Doll Capital Management also participating. Specific details of the round were not released. Founded in 2006, the company offers an online testing prep platform, Wanxue, for exams that cover post-graduate programs and civil service careers. Baidu, considered by many the Chinese equivalent of Google, is one of a number of major Chinese Internet companies that are turning their focus on providing online education services.

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