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Chinese Edtech Platform Jiliguala Nets $100m Series C from Tencent, Others

Chinese Edtech Platform Jiliguala Nets $100m Series C from Tencent, Others By DealStreetAsia / Jan 19, 2021 01:51 PM / Finance Shanghai-headquartered online English learning platform Jiliguala on Monday announced the completion of its nearly $100-million Series C round from investors including Chinese tech giant Tencent. China-focused Lighthouse Capital facilitated the latest transaction. The returning investor had initially teamed up with Bertelsmann Asia Investments (BAI) to invest nearly $10 million in Jiliguala ’s Series A round in 2017. Subsequently, in 2018, Trustbridge, BAI along with Sequoia Capital China and With the fresh proceeds, Jiliguala will seek to launch more products. Jiliguala, set up in 2014, offers English reading courses for children aged 3-12. It claims to have helped over 50,000 users across 500 cities to learn English through songs, animation, picture books, interactive video classes, others.

SoftBank Leads New Funding Round for $2 Billion Fitness App Keep

SoftBank Leads New Funding Round for $2 Billion Fitness App Keep Bloomberg 1/11/2021 Bloomberg News © Photographer: Spencer Platt/Getty Images North America BROOKLYN, NEW YORK - JANUARY 2: People run on treadmills at a New York Sports Club January 2, 2003 in Brooklyn, New York. Thousands of people around the country join health clubs in the first week of the new year as part of their New Year s resolution. Many health clubs see a surge in business of 25 percent immediately after the new year, only to see those numbers level off by spring. (Photo by Spencer Platt/Getty Images) (Bloomberg) SoftBank Group Corp.’s Vision Fund led a $360 million funding round in the startup behind China’s most popular workout app Keep, as coronavirus-driven gym closures prompt more users to exercise in their homes.

China Digest: Tencent leads $30m in Singleron; FITURE bags over $20m

In China men s skincare boom, start-ups & investors seek rich glow

In China men s skincare boom, start-ups & investors seek rich glow
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