Sequoia Leads $55M Deal to Grow Online English Platform in China

51TALK: $55 million to Beijing-based online English education company, 51Talk, in a Series C round led by Sequoia Capital, with existing investors Shunwei Capital and DCM also participating. The deal was announced on the company's Weibo account. Founded in 2011, 51Talk claims over three million users (50,000 paying users and 2,500 English teachers, according to China Money Network) and has now raised $70 million. China Briefing has a brief overview of how some of the big Chinese K-12 companies are faring on the New York Stock Exchange.

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