China Daily (Hong Kong)

Education startup gets new investment

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Online children English education startup VIPKID announced on Wednesday that it has finished the D round of financing and received an investment of $200 million. Founded in 2013, VIPKID focuses on teaching kids English through one-on-one video education, and it aims to integrate top language teachers from North America. The financing is led by Sequoia Capital, and other investors including Tencent Holding, YF Capital, Matrix Partners China and ZTwo Capital. another year. It was only recently that the Lions had Johannesbu­rg fans clinging to the edge of their seats after the team tackled their way to the final wrung on the Super Rugby ladder. Though a South African victory was not secured for the Lions going against the Crusaders at the final, they still managed to win hearts for taking the country so far into the tournament. In light of this, Hisense South Africa decided to renew its partnershi­p with Lions. The sponsorshi­p will stretch across the 2018 Vodacom Super Rugby and Currie Cup competitio­ns, with Hisense receiving exclusive signage rights within Emirates Airline Park. service in Sapporo, Hokkaido prefecture, marking the bike-sharing giant’s debut in Japan and another step to explore the overseas market. The first batch of some 100 bikes have been placed on parking spots provided by Mobike’s local partners, and users could ride the bikes from Wednesday after registerin­g on the Mobike app on their cellphone and tying their accounts with their credit card, said the company at a launching ceremony on Tuesday in Sapporo. RHB Bank and AmBank Group were not able to reach an agreement on mutually acceptable terms and conditions for the proposed merger,” both parties said in a joint statement. With the cessation of the merger discussion­s, the exclusivit­y period pursuant to the exclusivit­y agreement entered into between both parties on June 1 will automatica­lly lapse immediatel­y, according to the statement. RHB Bank is Malaysia’s fourth largest bank by assets while Ambank ranks sixth. The two banks previously have obtained Malaysian central bank’s approval to begin discussion­s for a merger that would create the country’s fourth largest bank. statement in response to the latest public finance figures. Although the ONS said public sector net borrowing (excluding public sector banks) was in surplus in July 2017, borrowing so far in the current financial year is up.

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