Announced
Completed
Financials
Sources
Tags
Single Bidder
vocational education
Minority
Cross Border
Acquisition
Private Equity
China
Venture Capital
Completed
Friendly
Education Services
Private
edtech
Synopsis
IDG Capital and Trustbridge Partners led a $390m funding round in Fenbi Education, an online vocational education company, with participation from CPE, DCP, Kunyu Runyuan Zichan, Huasheng Capital, Hony Capital and China Venture Capital HRV. The six-year-old company's businesses include civil service examination, public institution recruitment examination, teacher recruitment examination, postgraduate entrance examination, accounting, law examination, construction, open class, CET-4 and CET-6 and many other online education products.
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