A Pair of Chinese Online Tutoring Companies Each Raised $100M+ Funding Rounds | EdSurge News

Edtech Business

A Pair of Chinese Online Tutoring Companies Each Raised $100M+ Funding Rounds

Jan 10, 2018

RED ENVELOPES: It’s a Chinese tradition to ring in the new year with red envelopes stuffed with cash. This week, a pair of Chinese online education companies raised separate nine-digit rounds just a day apart.

DadaABC, a Shanghai-based developer of a platform that helps students learn English from native speakers online, has raised $100 million in a Series C round led by Tiger Global Management and TAL Education.

Zhangmen, an online tutoring startup that connects primary- and middle-school students with teachers from top-tier Chinese universities for online tutoring sessions, has raised $120 million in a Series D round from Genesis Capital and private equity firm, Warburg Pincus.

Edtech Business

A Pair of Chinese Online Tutoring Companies Each Raised $100M+ Funding Rounds

Jan 10, 2018

RED ENVELOPES: It’s a Chinese tradition to ring in the new year with red envelopes stuffed with cash. This week, a pair of Chinese online education companies raised separate nine-digit rounds just a day apart.

DadaABC, a Shanghai-based developer of a platform that helps students learn English from native speakers online, has raised $100 million in a Series C round led by Tiger Global Management and TAL Education.

Zhangmen, an online tutoring startup that connects primary- and middle-school students with teachers from top-tier Chinese universities for online tutoring sessions, has raised $120 million in a Series D round from Genesis Capital and private equity firm, Warburg Pincus.

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