SAIF Partners China Invested $10M into Early Education Company

SAIF Partners China has reportedly invested US$ 10 million into Beijing-based early childhood education company Xuehuile.com.cn, a subscription-based business targeting children aged from one to six aiming to provide them with monthly reading materials, picture books, multimedia CD, toys, handicrafts, exercise books and so forth.

Li Yang, the company’s co-founder and CEO is also a founding member of Chinaren (being acquired by Sohu.com and now a part of Sohu’s matrix sites) back in the early stage of Chinese Internet business.

Li Yang, co-founder and CEO of Xuehuile

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