Investors are failing to capitalize on China’s developing education sector, which is seeing strong government spending and a wave of companies developing online tools to aid learning, especially for children.
This year has been slow, with only the second investment into a Chinese education company of 2013 due to close soon. Online education platform Fenbi.com will close around a $7 million second round in the very near future, possibly next month, said Xiang Gao, partner at IDG Capital Partners, one of the investors in the deal.
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