The Tencent and TAL Education-backed business management platform developer received the capital from IDG Capital, Hillhouse Capital, GGV Capital and Qiming Venture Partners.

Xiaoetong, the China-based enterprise software provider that counts internet group Tencent and educational services provider TAL Education among its investors, has raised $120m in series D funding, Kr Asia reported yesterday.

Venture capital group IDG Capital joined hedge fund manager Hillhouse Capital and VC firms GGV Capital and Qiming Venture Partners to provide the funding.

Founded in 2016, Xiaoetong has built a business management software platform with more than 1.6 million registered customers that helps organisations manage marketing and branding,…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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