Toutiao, one of China’s largest mobile-based news and content platform backed by Bytedance Technology Co Ltd, has led a $200 million Series E investment in Beijing-based online education platform 17zuoye.com, the China Money Network reported.
Others investors joining the Series E round, however, were not disclosed.
17zuoye.com provides interactive services and products for parents, students and teachers in K12 education, primarily on mathematics and English language learning. It now operates across the 31 provinces and cities, covering 100,000 schools, and over 50 million users.
Toutiao has recently made some buyouts to consolidate its position as a leading online content platform.
The Chinese media startup in February acquired augmented reality-based selfie app Faceu for $300 million, as part of its bid to expand its business scope. The deal follows two recent major investments by Toutiao’s parent company ByteDance, which signals the company’s intent to further broaden its presence.
Last year, it purchased Shanghai-based short video website Musical.ly for about $1 billion, Flipagram, a Los Angeles-based video startup, and News Republic, a mobile news and information platform for about $86.6 million.