Huasheng Capital Leads New Venture Round In Online Education Firm ZMlearn.Com

Huasheng Capital, a venture capital unit of Chinese investment banking firm China Renaissance Partners, has led a new funding round in, an online education start-up.

The company says it will use the proceeds, amounting to hundreds of millions RMB, to improve the network of partnering teachers, enhance its online exercise database, and further cooperation with offline education centers.

Based in Shanghai, previously received funding from Shunwei Capital.

The company claims to operate in 500 cities in China via partnerships with local education and training entities, with 10,000 teachers in its database providing tutoring services.

Started as a pure online education firm, claims to provide students online one-on-one tutoring programs with top teachers from local schools.