Vision Knight teams up with strategics to tap China online education
Vision Knight Capital - the private equity firm set up by former Alibaba CEO David Wei - has partnered with games developer NetDragon Websoft and a unit of electronics maker Hon Hai Precision Industry to launch a $33 million online education venture.
According to a regulatory filing, the three parties signed a memorandum of understanding to jointly invest in the venture yesterday. Vision Knight will hold a 6% stake, with NetDragon subsidiary NetDragon...
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