Tencent backs China education service provider
Tencent Holdings has joined an extended Series D round for Gaosi Education, a technology supplier for K12 after-school tutoring institutions in China that has now rebranded as Aixuexi.
It comes seven months after an initial $140 million Series D investment led by Warburg Pincus. That commitment was described at the time as the largest-ever funding round in China’s “K12-to-B” space,...
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