China's English learning app Liulishuo raises $72m in US IPO

China's English learning app Liulishuo raises $72m in US IPO

Liulishuo co-founder Wang Yi. Photographer: Qilai Shen/Bloomberg Photo by Bloomberg

Luilishuo, the AI-powered English language learning app created and operated by Chinese artificial intelligence firm LAIX Inc, raised $71.9 million by offering 5.72 million American depositary shares (ADS) in its lower-than-targeted US initial public offering.

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