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Singaporean Chinese-teaching edtech raises $6m led by Sequoia

LingoAce sees stay-home-driven growth in Asia amid COVID pandemic

According to Singapore's statistics agency, Southeast Asia has 363 million school-age children and youth in need of online learning.   © Reuters

SHANGHAI -- LingoAce, a Singapore-based global edtech platform that offers online Chinese language learning courses, has closed its Series A-plus round of financing, raising $6 million, led by Sequoia Capital India with participation from returning backer Shunwei Capital, an investment arm of Chinese smartphone maker Xiaomi.

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