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.
In January, Zhihu, a question-and-answer knowledge sharing platform, raised US$100 million in a series D round. At the same time, Shanghai Bajiulin, a new media and knowledge sharing start-up founded by well-known Chinese financial writer Wu Xiaobo, raised RMB160 million (US$23 million). In April, Lizhiweike, a Shenzhen-based online education mobile app, raised tens of m...
This news article comes via , who is the copyright owner of this information and news. FintekAsia.com has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network