Hillhouse leads $55m round for Chinese online education start-up
Kaochong, a Chinese online learning services provider that targets university students, has secured a $55 million Series D funding round led by Hillhouse Capital, with participation from Tencent Holdings and Matrix Partners China.
The four-year-old company previously received a Series A round from Northern Light Venture Capital in 2015 and a Series B the following year from Northern Light and Matrix. In March, Tencent and Matrix...
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