Rumor: Tencent Invests in Online Education Firm Juesheng

TechWeb, 1/30/13

An industry source revealed today that Shenzhen-based internet giant Tencent (0700.HK) is preparing to wholly acquire Juesheng Education Technology (Juesheng.com), the online education site founded by Dai Zheng, former VP of Chinese Internet firm Baidu's (Nasdaq: BIDU) online travel services subsidiary Qunar, for an undisclosed sum. Juesheng Education Technology's businesses include Juesheng.com, Beijing-based test-preparation schools, and study-abroad and training services for the China Education Service Center, as well as a training recommendation engine that assesses student ability and potential.

Editor's Note: For more information on this topic, please see "Rumor: Tencent to Invest in C2C Education Platform Chuanke," MD 1/13/13 issue.

Keywords: Juesheng Education Technology Dai Zheng Internet online education Tencent 0700.HK M&A

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