Meishubao draws up $40m series C1 round

Jun 27, 2019 • Callum Cyrus

Tencent and Legend Holdings offshoot Hony Capital helped take online art tuition provider Meishubao's funding total to roughly $73m.

China-based online art tuition platform Meishubao has collected $40m in a series C1 round led by internet group Tencent that included Hony Capital, the private equity firm sponsored by conglomerate Legend Holdings.

The round also featured venture capital firm BlueRun Ventures as well as investment firm Welight Capital, fund manager BHG Long Hills Capital Management and Shenzhen government-owned investment vehicle SZ Capital.

Founded in 2014 and operated by Beijing Yiqi Network Technology, Meishubao provides interactive online art tuition through Meishubao…

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