Education

Alibaba invests in education platform amid tighter rules

Education platform Knowbox has received a new round of funding to develop cost-saving AI technology, but with regulations tightening, time is running out for these platforms to generate positive cash flows.
July 18, 2019

Knowbox, a Beijing-based education platform, said on Thursday that it had closed a $150 million Series D fundraising deal, to develop artificial intelligence (AI).

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