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Temasek Leads Chinese Education Co.’s $250M Fundraise

Law360 (March 20, 2018, 1:31 PM EDT) -- Chinese education platform Sunny Education Inc. said Tuesday it raked in $250 million in a Series E funding round led by Singapore’s state-run investment firm Temasek Holdings Private Ltd.

Sunny Education, which operates under the name 17ZUOYE, also saw investments from current shareholders, such as venture capital firm Shunwei Capital, and new investors including CITIC Private Equity Funds Management, the private equity arm of investment bank CITIC Securities Co.

Sunny Education touts itself as the “largest intelligent education company in China’s primary school market in terms...
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