Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Online Education Provider Secures Alibaba Funding

Sina Tech, 2/17/14

Chinese e-commerce conglomerate Alibaba Group has announced that the company has led a new round of investment in Shanghai-based online education provider TutorGroup, with total investment nearing USD 100 mln. Singapore-based Temasek and Qiming Venture Partners also participated in the new round of funding.

TutorGroup was founded in Shanghai in 2004 as an English education services provider. In April 2012, TutorGroup received USD 15 mln in first-round funding from Qiming Ventures.

TutorGroup operates four main services: English teaching brands VIPABC and TutorABC, children's English education brand TutorABC Jr, and Mandarin Chinese learning site Tutorming.

Keywords: second-round TutorGroup Internet funding online education Qiming Temasek Alibaba Group investment


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports