Chinese securities regulators have approved the initial public offering application submitted by official news agency website Xinhuanet.com to list on the Shanghai stock exchange. Xinhuanet.com revealed in June that it planned to issue 51.9 million shares to raise about RMB1.49 billion (US$223 million) in a Shanghai IPO, three years after it initially applied in 2013. […]
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GGV Capital has co-led a US$60 million series B financing round in Zuoyebang, a K12 online education spin-off from Baidu Inc., with participation from existing investors Sequoia Capital and Legend Capital, Chinese media reported. "We have focused on investing in technology, education content and student experience in the past two years," says Hou Jianbin, chief […]