Shanghai-based financial courses provider Golden Education has raised an undisclosed amount of funding in a round led by Chinese conglomerate Tencent Holdings, with participation from Loyal Velley Capital and Hundreds Capital, Deal Street Asia has reported.

Golden Education was founded in 2016 and offers vocational education and training in finance, primarily to enterprises, via online and offline networks. It has 120 schools in 65 Chinese cities as well as branches in the UK and Australia and stated it will be stepping up its business-to-consumer business.

Golden completed a ¥800 million Series C funding round in 2018 from Hillhouse Capital, Morgan Stanley, Yonghua Capital and Vision Capital.

Date published: 24 September 2020

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