Shsun Education Receives Over $16M Series A Funding From CITIC Capital

Beijing and Shanghai-based education and training institution Shsun Education has received close to RMB100 million ($16 million) series A funding from CITIC Capital, according to a company announcement.

The company says it will use the proceeds on online schools, teaching research and teaching team building.

Founded in 2004, Shsun provides professional qualifications and skills training for construction, real estate and financial services sectors.

Earlier this month, another online learning institution, Shanghai-based TutorGroup received an undisclosed strategic investment from SBI Group.