Chinese online education firm Knowbox announced on Thursday it has raised $150 million in its series D round of financing, right after the country released its first guideline on online after-school tutoring.
The fresh round was led by tech giant Alibaba Group. Yunfeng Capital and Bertelsmann Asia Investments and C Ventures also are among investors.
With the new fundraising, Liu Ye, founder and CEO of Knowbox, noted that the firm will continue to ramp up artificial intelligence efforts to offer a better user experience.
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