Chinese internet firms court private capital

TutorGroup, Mogujie, Meilishuo and Tujia hope to raise $300 million to $500 million each from an expanding pool of investors looking to hit pre-IPO home runs.

Chinese internet firms court private capital

A number of Chinese technology companies including online education service TutorGroup, online shopping sites Mogujie and Meilishuo.com and China’s version of Airbnb, Tujia.com are engaged in private fund-raising rounds, with each company seeking $300 million to $500 million, people familiar with the matter said.

The size of the pre-IPO funding rounds, expected to close in the second quarter, depend on investors' interest. Based on the targeted raise, each of the companies expects to be...

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