As one of the hottest verticals in China’s booming online education industry, K-12 education attracted a flock of entrepreneurs and investors last year, and this trend seems set to continue this year.

XueXiBao, a Beijing-based online platform for K-12 education, announced it has landed US$20 million of Series B financing led by SoftBank China Venture Capital and followed by existing backer GSR Ventures, which invested US$3 million in Series A. The company disclosed that it will use the proceeds for product development and expansion.

XueXiBao is an online learning app for middle and high school students in China, helping them to find quick answers to questions.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.