Shunwei backs China child education app
Beijing Shunwei Venture Capital, founded by super angel investor Lei Jun, has committed a Series A round of funding for Babybus.com, which develops educational apps for children. Details of transaction were not disclosed but the investment size is said to be less than $10 million.
"Lei Jun usually invests in people that he knows well. But we don't each other before. He invested because his cousin is playing Babybus app," Guangyu Tang, founder of Fuzhou Zhi Yong Information Tech,...
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