Chinese Edtech Firm Kaikeba.Com Splits from Huike, Raises $80m in Series A

Chinese Edtech Firm Kaikeba.Com Splits from Huike, Raises m in Series A

Kaikeba.com, a talent education platform that focuses extensively on IT-related online courses, has spun off from its parent company, Chinese education services provider Huike Group, and has independently gathered 550 million yuan ($80 million) in its Series A round of financing.

The Series A round was backed by Chinese venture capital firm Gaorong Capital and GL Ventures, the VC unit of Asia-focused private equity major Hillhouse Capital, said investment bank Taihecap in a WeChat post on Wednesday. Taihecap served as the exclusive financial adviser to the deal.

Kaikeba.com was launched in August 2013 by Huike Group, a 10-year-old advanced and vocational education company in China. It provides over four million paying students with systematic IT, Internet and digitalization-related online courses covering programming, front-end website development, data analysis, AI and Internet of Things (IoT).

The talent education platform has strategic cooperation with leading firms such as Microsoft, Baidu, Alibaba, Tencent, Huawei, Didi Chuxing, according to the post.

Following the Series A round, Kaikeba.com will increase investment in technological iteration, especially in the enhancement of its AI capabilities. The company also plans to improve its education content, expand the teaching team, and enhance its marketing and brand promotion system.

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