IDG Capital Partners, the corporate venturing unit of international research group IDG, has re-invested in China-based Fenbi Technology, an online education SNS platform operator. IDG Capital Partners was joined by new investor Matrix Partners China in the $7m series B round.
Research group IDG’s corporate venturing unit, IDG Capital Partners, has re-invested in China online education SNS platform operator, Fenbi Technology, in a $7m series B round. Matrix Partners China, a China venture capital firm, also took part in the round.
Fenbi.com, the company’s online SNS platform was launched in August 2012, and connects students with teachers and professors of various subjects. In February 2013, the company launched an online mobile phone application called “Yuantiku,” which allows users to access customised…
