Beijing-based Chinese educational institution Universal Education Group has received tens of millions U.S. dollars in series C financing from the country’s largest search engine Baidu, Inc., according to Chinese news report. Universal Education previously received US$20 million series A financing from Sequoia Capital and Legend Capital in 2008. Three years later, DCM, Sequoia Capital and […]

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.