SINGAPORE PRESS-Temasek invests in Chinese online education start-up - Business Times

Tue Feb 18, 2014 6:29pm EST

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Singapore state investor Temasek Holdings (Private) Ltd , together with Chinese e-commerce giant Alibaba Group and venture-capital firm Qiming Venture Partners, has invested nearly US$100 million in TutorGroup, an online education start-up based and headquartered in Shanghai.

TutorGroup, in an announcement on Monday, said it will use this latest Series B funding to expand its presence in Asia and the Americas, where it now runs real-time, interactive and personalised language-learning programmes.

NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Reporting by Rujun Shen; Editing by Edwina Gibbs)

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