Chinese online art education business raises $40m
Chinese art education platform Yiqi Technology Group has raised $40 million in the first tranche of a Series C round led by Tencent Holdings. It is said to be the largest-ever funding round for a start-up in this space.
Additional contributions came from BlueRun Ventures, which led the company’s Series A round in 2014, as well as Hony Capital, Welight Capital, Long Hill Capital Management, and Chuangzhi Capital. The...
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