On December 21, 2019, Xiaoe tech announced that it has recently completed a CNY 100 million B round of financing from TAL. As a strategic investment, according to the company, this round of financing will be used for product research and development and market expansion. After the completion of this round of financing, Xiaoe tech's valuation has exceeded CNY 1 billion.
Xiaoe tech is one of the largest knowledge payment and education SaaS service providers in China. It provides SaaS services, PaaS services, traffic services and ecological services to businesses engaged in knowledge payment and education. It is committed to building a new ecosystem of Chinese education enterprise services. , TAL will work with Xiaoe tech to help more educational institutions improve efficiency and achieve rapid industry development.