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Sovereign Wealth Funds Briefing - Categorized | Investment

Alibaba, Temasek invest in language learning

Posted on 18 February 2014

Web-based language-learning platform TutorGroup is getting nearly $100 million from some high profile investors, including Chinese e-commerce giant Alibaba Group and Singapore’s sovereign wealth fund Temasek.
The second round of funding for the online education firm, which was founded nine years ago and helps both children and adults learn English via the Web, also comes from venture-capital firm Qiming Venture Partners, according to a company release. Shanghai-based Qiming first funded the company two years ago with a $15 million investment………………………………………..Full Article: Source


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