Hillhouse Capital Leads as Yunshuxie Raises around CNY 100 Million
Yunshuxie announces its B round of funding with Hillhouse as the lead investor.
“The China Education Modernization 2035 - Language Education Summit Forum (2019)" hosted by Beijing Yunshuxie was successfully held in Beijing to discuss how to achieve higher quality, efficiency and sustainable development of language education. At the meeting, Yunshuxie announced that it had received an investment of around RMB 100 million with Hillhouse as the lead investor followed by Zhou Li Capital, Jingmeiti, a Chinese media company, reported.
Leading Investor, Hillhouse Capital said, “The new curriculum reform has brought new opportunities to the market. We are optimistic about the future development of the language education field.”
Hillhouse Capital Group is an investment management firm, based in Asia, founded by Zhang Lei in 2005 with USD 20 million seed capital from the Yale Endowment. Hillhouse has offices in New York, Beijing, Hong Kong, and Singapore. It invests globally, with a focus on Asia.
The company manages over USD 50 billion as of October 2018. Hillhouse is a long-term fundamental research-driven equity investor. Hillhouse focuses on the consumer, TMT, industrials and healthcare sectors and invests in companies across all equity stages.
Hillhouse until now has also made huge contributions to the Chinese education industry. It has backed and invested millions of dollars in companies such as TAL education, Golden education, Renmin University, Kaochong, etc.
"China Education Modernization 2035 - Language Education Summit Forum (2019)", Beijing, China.
It is understood that this round of financing will mainly be used for research and development of Yunshuxie’s high-quality content in language education and Better empowerment for students and language teachers.
At the same time, it also announced the "Online Teaching and Research Alliance" for the national language teacher's public welfare project, and six strategic cooperation with the Peking University and Central China Normal University on the construction of the language education supply community.
Founded in Beijing in March 2015, Yunshuxie is committed to becoming the leading educational and cultural technology company in Chinese education”. According to Jingmeiti, up to now, the number of teachers has exceeded 150,000, providing services to more than 5 million students in 110 countries and regions around the world.
Yunshuxie has built a language-based mixed-language teaching platform that links the in-class and out-of-class and develops daily reading materials for the primary and middle school students to improve their core literacy.
The “Online Teaching and Research Alliance” will gather well-known experts and scholars in Chinese language education to share professional language courses for Chinese primary and secondary school language teachers, from concept interpretation to various text interpretation, teaching design, guide teaching methodology, will pay attention to teacher growth, use the basic paradigm of scientific research to guide teachers to improve professional quality. This will ensure that there are enough authoritative teachers and scholars in language education to help develop online language teaching and research.