Chinese Edtech Startup Huohua Siwei Secures $400 Million In Series E Funding Round Huohua Siwei, a Chinese firm providing online education services for children aged 3 to 12, has announced the completion of its series E funding round that raised $400 million in total, as online tutoring grows in popularity due to coronavirus-related school restrictions.
Tencent-Backed Esports Startup VSPN Closes $60 Million Funding Shanghai-based esports event organizer Versus Programming Network (VSPN) has raised $60 million in its series B+ funding round, as esports’ inclusion in the lineup for the 2022 Asian Games as a full medal event has increased investor interest.
Tencent-Backed Workout App KEEP Bulks Up With $360 Million Funding China’s popular fitness app Keep has increased its valuation to $2 billion after closing a $360 million series F funding round led by SoftBank’s Vision Fund, TechCrunch reported on Monday. The latest funding comes as the sports tech startup seeks to expand its offerings beyond online video training courses.
TPG’s Rise Fund Leads $210m Series D Round in Chinese Edtech �Firm Meishubao Meishubao Education, a Tencent-backed Chinese online art education platform, announced on Thursday the completion of a Series D round of financing at $210 million led by US-based private equity (PE) firm TPG’s global impact investing platform The Rise Fund.
Tencent, Temasek-backed Chinese AI major MiningLamp Raises $200m Series E+ Round MiningLamp Technology, a Chinese big data and artificial intelligence (AI) unicorn backed by Tencent and Temasek, announced on Friday the completion of $200 million in a Series E+ round of financing led by Russia-China Investment Fund (RCIF).
China’s Yonghui Superstores’ Fresh Food Unit Raises $153m From CICC, Tencent, and Others Yonghui Fresh Food, the fresh produce-based B2B platform of Chinese leading supermarket group Yonghui Superstores, has secured a corpus of 1 billion yuan ($153 million) in a strategic investment jointly led by Chinese tech giant Tencent, CICC and others.
Chinese Tencent And Kuaishou Invest in E-Sports Startup VSPN We will start a new round of strategic upgrading to extend the reach of our business, including building e-sports cultural parks, rolling out short video e-sports content, continuing to expand overseas, and developing derivative consumer goods.