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Tencent leads $40m fundraising for China tutoring startup

Platform for teaching painting, Meishubao, has more than 200,000 paying users

As most classrooms remain shut in China, online learning has changed from being an option for education to a necessity.   © Reuters

BEIJING -- Meishubao, a Chinese platform that teaches painting and drawing, just closed a $40 million Series C+ round led by Tencent, according to a post on Thursday on the WeChat account of Tencent Investment, the tech group's investment unit.

Shunwei Capital, BlueRun Ventures, BHG Long Hills Capital Management, Chuangzhi Capital and Bojia Capital all participated in this round.

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