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Online Education Firm Xingshuai Wins First-round Funding

Itjuzi.com, 7/11/13

Chinese online education provider Xingshuai has announced the completion of RMB 15 mln in first-round funding from an unnamed investor.

Xingshuai uses YY Inc. (Nasdaq: YY), among other online video chat platforms, to conduct online education courses. Xingshuai took in RMB 60 mln in revenue in 2012.

Editor's Note: For more information on this topic, please see "Rumor: YY, Chuanke Compete for Online Education Client," MD 12/24/12 issue.

Keywords: instant messaging Xingshuai Internet funding revenue online education first-round YY

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