Chinese online education firm Mofangge has raised RMB149 million (US$22 million) in series B and B+ round from unnamed individual investors, according to Chinese media reports. Founded in 2013, Mofangge previously raised tens of millions of U.S. dollars from Fosun Kinzon Capital in 2014. Like many Chinese start-ups, Mofangge is planning to dismantle its VIE […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.