Beijing-based Fenbi.com says the company has completed series B financing worth several million U.S. dollars, according to Chinese media reports.
The details of the investment and the investor’s identity is not disclosed.
Fenbi means chalk in Chinese. The online education website was launched in August, 2012. IDG Capital invested about RMB10 million in the company’s series A round.
Fenbi.com launched a new product called Yuantiku.com in February, 2013. This website provides online database of test exams on computers and mobile devices.
IDG Capital Partners is a China-focused investment firm with over US$2.5 billion under management.