<article><p>China Everbright fund has invested in Yimay Holiday Travel Development Group Co., Ltd, while Changingedu has raised $18m from TAL Education in its C+ round.</p></article>

<p>China Everbright fund has invested in Yimay Holiday Travel Development Group Co., Ltd, while Changingedu has raised $18m from TAL Education in its C+ round.</p>
<h3>China Everbright fund invests in Yimay Industrial</h3>
<p style="text-align: justify;">A fund under <span style="color: #000080;"><strong><a style="color: #000080;" href="http://dealstreetasia.com/tag/china-everbright" target="_blank">China Everbright Ltd</a></strong></span>. has made a strategic investment of an undisclosed amount in theme park management company <span style="color: #000080;"><strong><a style="color: #000080;" href="http://dealstreetasia.com/tag/yimay-holiday" target="_blank">Yimay Holiday Travel Development Group Co., Ltd</a></strong></span>.</p>
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<p><span style="color: #000080;"><a style="color: #000080;" href="http://dealstreetasia.com/tag/shandong-high-speed" target="_blank"><strong>Shandong High-Speed Everbright Industrial Fund</strong> </a></span>has made a strategic investment in the Yunnan province-based tourism destination and theme park management company, the fund said in a release.</p>
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<p>Shandong High-Speed Everbright Industrial Fund was established in 2014 and raised RMB1.8 billion in its first round of fundraising. The fund focuses on investment opportunities arising from demand growth and industrial upgrades in general infrastructure, environmental protection, clean energy, consumption and other areas as a result of changes and development brought by urbanisation in mainland China.</p>
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<p style="text-align: justify;">Yimay operates a theme park in Kunming – the capital city of Yunnan province – featuring local cuisine, specialty products, retail and cultural experiences.</p>
<p style="text-align: justify;">The group also integrates travel agency, transportation, hotels and local services in its offerings.</p>
<h3 style="text-align: justify;">Changingedu raises $18m from TAL Education in C+ round</h3>
<p style="text-align: justify;">As part of its C+ funding round Shanghai-based education online-to-offline (O2O) operator <span style="color: #000080;"><strong><a style="color: #000080;" href="http://dealstreetasia.com/tag/changingedu" target="_blank">Changingedu</a></strong></span> has raised $18 million from NYSE-listed Chinese education firm <span style="color: #000080;"><strong><a style="color: #000080;" href="http://dealstreetasia.com/tag/tal-education" target="_blank">TAL Education Group</a></strong></span>, according to a report by <em>China Money Network</em>.</p>
<p>In June last year TAL Education had led a $100 million Series C round of financing in Changingedu. The round also saw participation from existing investors including <span style="color: #000080;"><strong><a style="color: #000080;" href="http://dealstreetasia.com/tag/idg-capital" target="_blank">IDG Capital Partners</a></strong></span>,<span style="color: #000080;"><strong><a style="color: #000080;" href="http://dealstreetasia.com/tag/sequoia-capital" target="_blank"> Sequoia Capital</a></strong></span> and <span style="color: #000080;"><strong><a style="color: #000080;" href="http://dealstreetasia.com/tag/tbp-capital" target="_blank">TBP Capital</a></strong></span>.</p>
<p>Changingedu previously raised an undisclosed amount of series A round from IDG Capital and TBP Capital in Feruary 2015, and completed a US$15 million series B led by Sequoia Capital, and it raised its  series B+ round of an undisclosed amount in May 2015</p>
<p>Changingedu, which currently operates in 11 Chinese cities, allows parents to make reservations of to-door after-school tutoring services through its mobile app. It also provides online consultancy, online tutoring, live lesson broadcast and group tutoring services.</p>
<p><strong>Also Read:</strong></p>
<p><span style="color: #ff0000;"><em><strong><a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/china-everbright-invests-hope-education-prepares-listing-47070/" target="_blank">China Everbright invests in Hope Education as it prepares for listing</a></strong></em></span></p>
<p><span style="color: #ff0000;"><em><strong><a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/china-everbrights-invests-in-china-livestock-farming-firm-sichuan-dekang-59387/" target="_blank">China Everbright invests in China livestock farming firm Sichuan Dekang</a></strong></em></span></p>
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China Everbright fund has invested in Yimay Holiday Travel Development Group Co., Ltd, while Changingedu has raised $18m from TAL Education in its C+ round.

China Dealbook: China Everbright fund invests in Yimay Holiday; Changingedu raises $18m

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China Dealbook: China Everbright fund invests in Yimay Holiday; Changingedu raises $18m

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