Shanghai-based online English learning platform Jiliguala has raised almost $100 million in a Series C funding round from investors including tech giant Tencent and China-focused private equity firm Trustbridge Partners, DealStreetAsia has reported.
Established in in 2014, offers Jiliguala English reading courses for children aged 3 to12 and claims to have helped more than 50,000 users in 500 cities to learn English through songs, animation, picture books, and interactive video classes.
Jiliguala stated it will use the funding to launch more products.
The company also said it has an agreement with global publishing company Penguin Random House to create education products driven by artificial intelligence.
Date published: 20 January 2021