Chinese after-school tutoring platform Entstudy has sealed a 120 million yuan ($18.21 million USD) C round led by Greenwoods Investment with participation of existing investors of Tencent and Yuanxi Capital.

Entstudy (Fengkuang Laoshi), whose Chinese name literally means ‘Fabulous Teachers’, helps connect parents to tutors for one-to-one after-school tutoring services aimed at primary or secondary school-age children.

The new funding will be utilized to develop its live streaming platform Dingdang Classroom (our translation), which is expected to become a major revenue source for the startup. Zhang Hao, CEO and founder of Entstudy, said to local media that the company is expected to surpass 60 million yuan in revenue this year and start to record profits next year.

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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.