Corporate training provider Yunxuetang has secured over $100m in a series E1 round in which Tencent put up the entire amount.

Internet group Tencent has provided more than $100m in series E1 funding for China-based online training platform developer Yunxuetang, DealStreetAsia reported on Tuesday.

Yunxuetang has built an online platform that provides corporate training on behalf of clients including restaurant chain KFC, on-demand ride provider Didi, telecommunications firm China Mobile, consumer electronics manufacturer Lenovo and carmaker SAIC Motor.

The platform utilises technologies such as artificial intelligence, cloud computing and big data, and the funding will support further development of those technologies.

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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