Comment on Test Prep Service Wanxue Education Takes in Series C Funding Led by Baidu by Baidu Reportedly Fully Acquires Online Education Site Chuanke | TechNode

['Emma Lee', 'More Emma Lee', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-07-25 00:00:00

Beijing-based education institution Universal Education Group (more commonly known as Wanxue Education) has raised Series C financing from Baidu with participation of HAO Capital, the China-focused private equity firm, and Doll Capital Management (DCM). Wanxue Education is a leading Chinese educational institution for professional and academic training for college students. Established in 2006, Wanxue Education is mainly engaged in offering CGAT (China Graduate Admission Test) test preparation training in China, known for its test prep brand Wanxue Haiwen. Upon this new funding, Wanxue Education moved to a new domain name (http://wanxue.jiaoyu.baidu.com/) under Baidu’s existing education portal. Baidu has made continuous efforts to tap the burgeoning online education sector, as most of Chinese Internet companies are trying to build their online education platforms.