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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek invests in Chinese online education start-up

Posted on 19 February 2014

Singapore state investor Temasek Holdings (Private) Ltd , together with Chinese e-commerce giant Alibaba Group and venture-capital firm Qiming Venture Partners, has invested nearly US$100 million in TutorGroup, an online education start-up based and headquartered in Shanghai.
TutorGroup, in an announcement on Monday, said it will use this latest Series B funding to expand its presence in Asia and the Americas, where it now runs real-time, interactive and personalised language-learning programmes………………………………………..Full Article: Source


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