Qualcomm Ventures, the corporate venturing unit of mobile and computing systems company Qualcomm, sees a fun and educational journey ahead for Chinese children wanting to learn English. A multi-million dollar investment in Alo7.com is their latest foray into the online education market.
Qualcomm Ventures, the corporate venturing unit of mobile and computing systems company Qualcomm, has invested an undisclosed amount of capital in a series C round of funding in China-based Saybot. The target company specialises in digital education products, namely its Alo7.com online English programme geared for Chinese children aged 5 to 7.