Softbank unit invests in Alibaba-backed TutorGroup – Reuters

Reuters – An online education company backed by Alibaba Group Holding Ltd said on Monday that a unit of Softbank Corp had made a strategic investment in the company for an undisclosed amount.

The investment in TutorGroup from SBI Group, formerly known as Softbank Finance Group and one of Asia’s biggest venture capital firms, follows a capital raising of nearly $100 million for TutorGroup in February from Alibaba, Singapore state investor Temasek Inc and China’s Qiming Venture Partners.

Shanghai-based TutorGroup has more than 2,000 teachers in 30 countries and 60 cities globally and provides online education services in English and Chinese to students from business professionals to young children.

Related Posts

Leave a Reply

PEHUB Community

Join the 12501 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget