Softbank unit invests in Alibaba-backed TutorGroup - Reuters
An online education company backed by Alibaba Group has said a unit of Softbank Corp has made a strategic investment in the company for an undisclosed amount, writes Reuters. The investment in TutorGroup from SBI Group, formerly known as Softbank Finance Group and one of Asia's biggest venture capital firms, follows a capital raising of nearly $100 million for TutorGroup in February from Alibaba, Singapore state investor Temasek Inc and China's Qiming Venture Partners.
10 March 2014•1 min read
