New Oriental-Backed Education Firm RoboRobo Sold To Chinese Printing Company

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Shenzhen-listed Beijing Shengtong Printing Co., Ltd. has agreed to acquire Chinese educational robot school operator RoboRobo Education, backed by New Oriental Education & Technology Group Inc. and Zhen Fund, for RMB430 million (US$62 million).

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Nina Xiang is the co-founder and managing editor overseeing editorial content and product development at CMN. Before founding CMN in 2011, Nina worked at BusinessWeek magazine in Beijing and Institutional Investor magazine in New York, writing about business and financial services. While in New York, she also served as part-time correspondent for Shanghai's financial television channel, China Business Network, as well as China Radio International, China's national English-language radio network.