China VCs lead $100m round for local education app Xueba
China Merchants Capital and Grand Fight Investment have co-led a $100 million Series C round of funding for Xueba, a Chinese education app that helps students understand homework exercises.
Trustbridge Partners, Vertex Ventures and Qiming Venture Partners, as well as strategic investors Anhui Xinhua Media and Yada Education, also participated. Founded in 2013, Shanghai-based Xueba allows...
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