Warburg Pincus, Genesis Capital invest in a Chinese online tutor

The private equity firms are betting China’s growing middle class will spend more on educating their children, especially now education online is easily accessible.

Alison Tudor-Ackroyd

January 09, 2018

Private equity firms Warburg Pincus and Genesis Capital have invested $120 million in Chinese K-12 online tutoring company Zhangmen, betting China’s relatively low penetration rate of private tutorial services will catch up with other developed countries in Asia.

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