Aixuexi Education Group, a Chinese K-12 education services platform, announces today its D2 funding round with nearly $200 million. This deal is led by GIC, with original shareholder Warburg Pincus also participating. As of now, Aixuexi has raised more than $300 million in Series D round of financing.
According to Li Chuan, CEO of Aixuexi, the capital will be continuously invested to develop technology and teaching and research, innovate and improve educational products, and empower offline education and training institutions in lower-tier cities to realize OMO transformation.
Founded in 2009, Aixuexi is committed to offering fair education opportunities and excellent education services to students across China. Its innovative business model is driven by content and technology, in particular AI, big data and cloud services.