Zuoyebang, a Chinese online K-12 education provider, has completed a US$60 millionm series C funding round, led by H Capital. Spun off from Baidu in 2015, the mobile site has 60 million monthly active users, with a market share of 70% in the country's online K-12 market. It provides an education support platform, with problem searches, homework evaluation, teacher live streaming and Q&A sessions. "I believe the combination of education and internet technology will create great companies," said Chen Xiaohong, the founder of H Capital.
Zuoyebang, a Chinese online K-12 education provider, has completed a $150m series C funding round, led by H Capital. Spun off from Baidu in 2015, the mobile site has 60 million monthly active users, with a market share of 70% in the country's online K-12 market. It provides an education support platform, with problem searches, homework evaluation, teacher live streaming and Q&A sessions. "I believe the combination of education and internet technology will create great companies," said Chen Xiaohong, the founder of H Capital.