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Wanxue Education raises $100M in series D round

Wanxue Education raised $100 million in its series D funding round, which was led by private equity firm ADV Partners, Deal Street Asia reported.

Index Capital served as the exclusive financial adviser for the deal.

Proceeds from the funding round will be used by Wanxue to further develop new products and enhance coverage of existing educational products across China.

Wanxue provides customers aged between 18 and 30 with services such as test preparation and admission consulting.