K-12 online education startup Yixue Education, and bookstore chain Yanjiyou have raised $41 million and $18 million in their funding rounds, respectively, the China Money Network reported.
SIG China co-leads $41m round in Yixue Education
In addition to offering online K-12 classes, Shanghai Yixue Education Technology Co., Ltd has also developed an adaptive learning engine for secondary school students, offering one-to-one tutoring. The CMN report said that the Chinese firm has partnered with over 100 schools in the country.
According to Crunchbase, Yixue also has a presence in Japan.
Bookstore chain Yanjiyou raises $18m Series B
Yan Ji You combines a bookstore with art gallery and cafe. A recent report by design:retail magazine said that Yan Ji You had launched its flagship store at the IFS Centre in Chengdu, China last September with a café space that spans nearly 100 feet, and reminiscent of a spaceship with its black and white palette and narrow confines.