Hujiang.com, a leading online education platform in China, said Wednesday that it had completed a round-D financing of over one billion yuan. As it introduced, the company got the investment from investors such as Hina Group Inc., Anhui Xinhua Media Co., Ltd. (601801.SH), China Minsheng Investment Co., Ltd. Besides, the company has finished its shareholding restructuring to prepare for its public listing at domestic stock market, disclosed Fu Cairui, founder and CEO of Hujiang.com.
Prior to this bout of financing, Hujiang.com conducted a round-C financing of 100 million US dollars, lead-invested by Baidu.com Inc. (BIDU.NASDAQ) in 2014. After the round-D financing, the company's valuation was expected to reach 6.99 billion yuan, 40 percent of that of industry leader New Oriental Education & Technology Group (EDU.NYSE). In future, Hujiang.com will launch a program to give schools in remote rural areas or boasting widespread popularity accesses to quality education resources.
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