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Jiangsu Yunxuetang Network secures US$100M

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Jiangsu Yunxuetang Network secures US$100M

Jiangsu Yunxuetang Network Technology Co. Ltd. secured US$100 million in a series D financing led by Centurium Capital, Deal Street Asia reported.

The Chinese corporate training service provider has raised a total of US$200 million so far.

Existing shareholders including YF Capital, backed by former Alibaba Group Holding Ltd. Executive Chairman Jack Ma, and Susquehanna International Group also participated in the round, the news outlet reported, citing a recent company statement.

Chinese investment bank Index Capital served as financial adviser.

The proceeds will be used to improve services and deliver personalized and intelligent learning content.