Golden Education, a China-based financial education company, closed a Rmb800 million $115 million round of Series C funding on Monday.
Hillhouse Capital led the round and was joined by Morgan Stanley, and private equity firms Yonghua Capital and Vision Knight Capital.
Proceeds will be used to develop international financial education services for its customers, and to use artificial intelligence and cloud computing to serve its individual customers, according to Golden.
As this round’s lead investor, Hillhouse Capital is optimistic about Golden's future in financial education for both corporate and individual customers. Its business will be more valuable when Golden Education starts to apply...