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 and China’s version of Airbnb, 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...

To continue reading, please login or register for free

Click for more on: tutorgroup | mogujie | meilishuo

Print Edition

FinanceAsia Print Edition