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Tencent-backed edtech startup raises $210m in series D round

China's Meishubao set to speed curriculum development

Demand for online learning is swelling due to COVID-19.   © Reuters

HONG KONG -- Meishubao Education, a Tencent-backed Chinese online art education platform, announced last Thursday the end of a Series D round, bringing in $210 million led by U.S.-based equity company TPG via it Rise Fund

"Inclusive education is one of the key areas of the Rise Fund's social impact investment, and interactive education is an integral part of getting closer to that objective," said Sun Chang, managing partner of TPG China, in a statement. Sun oversees investment activities of TPG and its Rise Fund in China.

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