By Bloomberg News
iTutorGroup is raising as much as $300 million at a valuation of about $2 billion, which would make it the world’s biggest education technology startup.
The fund aims to back China’s next generation of tech entrepreneurs and will focus on investments in enterprise tech, fintech and consumer tech.
The company is hoping to fetch a valuation of at least $70-80 billion if it goes public.
Yunji, a Chinese e-commerce platform focused on online retailers, has raised $120 million in a Series B funding round co-led by CDH Investment and Huaxing Growth Capital.
Technology firms that have shares with different voting rights will now be allowed to go public in Hong Kong, overturning rules that barred the likes of Alibaba from considering the former British colony.
Leanplum said the add-on investment from Waterwood raised its total Series D proceeds to $52 million, which will be used to expand its footprint in China and the Asia Pacific, and to make new hires.
The company has started to raise external capital for the fund this month.
The CR929 is slated to be a 280-seat widebody jet that can fly about 12,000 kilometers (7,500 miles).
Manbang’s previous investors include Tencent Holdings and Yunfeng Capital.
The investment in NuProbe follows a growing trend of Chinese investors pumping money into US medical technology companies.