Chinese education calls the tunes

First half figures for investment in China's education sector were notably up on those from last year. Thanks to President Xi’s encouragement, the trend is unlikely to slow down.

Carol Huang

November 05, 2018

Online music education platform Peilian.com said on Friday that it had raised $150 million in Series C funding from eight investors.

Tiger Global led the round, joined by existing investors Tencent, Orchid Asia Group, GSR Ventures, Bluerun Ventures, Longcapital and BHG Longhills Capital.

Peilian will use some of the proceeds to cooperate with music schools, and plans to invest $8.7 million in 100 partnered schools for research and development of music education. The platform said that it intends to collect more data so that it can use artificial intelligence to develop online courses and products.

Peilian was founded in...

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