(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.
