New Oriental Education leads $13m in Chinese children’s stories content start-up

(29 May 2017) New Oriental Education & Technology Group Inc. has led a RMB90 million (US$13 million) funding round in Kaishuo Jianggushi, a children’s stories content provider.

Chinese growth capital firm Trustbridge Partners, Shanghai-listed Zhejiang Daily Digital Culture Group and iResearch Capital also participated in the round.

The funding round is part of a new generation of content and knowledge-sharing platforms emerging in China that have sparked investor enthusiasm.

ChinaMoneyNetwork has the story in full.