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TAL leads investment in Guokr
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GUOKR Inc, which operates a popular science and education online community, said yesterday it aims to raise US$20 million in a latest round of financing.
New York-listed TAL Education Group, which offers online learning services for middle and primary school students, led the investment with US$15 million in Guokr for a minority stake.
Guokr and its Massive Online Open Course content will be an important addition to TAL’s learning services across multi-media platforms, especially on the Internet and mobile Internet, TAL’s co-founder Liu Yachao said in a statement.
Guokr’s focus on college-based technology enthusiasts and new company employees will extend TAL’s coverage, which now mainly comprises younger students.
Guokr’s fundraising exercise comes amid a great potential for online learning in the domestic market with over 6 million Internet users.
Founded in 2010, Guokr has grown into a top science social networking service provider in China with 25 million monthly viewers.
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