Chinese online education firm SmartStudy.com has raised RMB200 million (US$30 million) in a series B funding round from unnamed investors, after it scored a US$10 million series A round from Baidu Inc. The company says it will use the proceeds to improve its business model, content and services to better serve students and its education […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
China’s venture capital and private equity markets cooled further in October, with 197 deals and US$2.3 billion in total deal value recorded in the month, reaching a new low in nearly one year, according to data from ChinaVenture. There were 148 venture deals inked with US$1.6 billion in total deal value, down 24% and 53% […]
An investment unit of Alibaba Group Holding Ltd. and Legend Capital have led a RMB100 million (US$15 million) series A funding round in Gfresh, a cross-boarder seafood B2B e-commerce start-up. As part of the deal, Alibaba co-founder Simon Xie and Legend Capital's managing partner Wang Wenlong have joined the board of directors of Gfresh. The […]