TAL Education Invests $18M In O2O After-School Tutoring Firm Changingedu

New York Stock Exchange-listed Chinese education firm TAL Education Group has invested US$18 million series C+ round in Shanghai-based education online-to-offline (O2O) operator Changingedu.

The investment follows a US$100 million series C round led by TAL Education in the company in June 2015, with existing investors IDG Capital, Sequoia Capital and TBP Capital participating.

The latest round highlights the two parities' deepened partnership as they strive to create a more comprehensive education curriculum and integrate more premium teacher resources, according to Chinese media reports.

Changingedu previously raised an undisclosed amount of series A round from IDG Capital and TBP Capital in Feruary 2015, and completed ...

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