GGV Capital, XVC Venture Capital Co-lead $20M Series B Round In Chinese On-line Reading Platform Koala Reading

Beijing-based Chinese children’s graded on-line reading platform Koala Reading has raised a US$20 million series B round led by GGV Capital and XVC Venture Capital, according to the company’s announcement. CMC Capital Partners and existing investor Qiming Venture Partners also participated in this round. Founded in 2016, Koala Reading proposes the concept of “Chinese graded reading for children” based on advanced algorithm. So the Chinese text is quantified according to the difficulty level, and matches the different reading ability of …

GGV Capital, XVC Venture Capital Co-lead $20M Series B Round In Chinese On-line Reading Platform Koala Reading appeared first on China Money Network.

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