MagicEars , the Beijing - based English language tutoring start - up , has secured $ 6 m in first round funding from the Bob Xu ZhenEdu Fund and online tutoring company Yuanfudao . The deal comes only a few days after Chinese online tutoring startup VIPKID nabbed a $200 million Series D round, valuing the company at nearly $1.5 billion. MagicEars will use the funds to develop its teaching and research platform . Launched last March MagicEars teaches English to Chinese students aged five to 12 via virtual classroom . Reflecting the growing demand for online English learning the deal came a few days after Chinese education start - up Vipkid secured a $ 200 ##m series D round of funding , valuing the company at nearly $ 1.5bn .
MagicEars , the Beijing - based English language tutoring start - up , has secured $ 6 m in first round funding from the Bob Xu ZhenEdu Fund and online tutoring company Yuanfudao . MagicEars will use the funds to develop its teaching and research platform . Launched last March MagicEars teaches English to Chinese students aged five to 12 via virtual classroom . Reflecting the growing demand for online English learning the deal came a few days after Chinese education start - up Vipkid secured a $ 200 ##m series D round of funding , valuing the company at nearly $ 1.5bn .