China's online reading platform Koala Reading secures $20m Series B

Students at the Shichahai sports school attend a class in Beijing, China, May 18, 2016. REUTERS/Damir Sagolj/Files

Chinese children’s reading app platform Koala Reading has announced the closing of a $20-million Series B funding round co-led by existing backer GGV Capital and XVC Venture Capital.

The latest round brings Koala Reading’s total funding to date to $34.4 million.

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