Golden Education, a China-based professional training services provider backed by recruitment service 51Job and education services firm New Oriental Education and Technology, has raised RMB800m ($115m), China Money Network reported today.
The series C round was co-led by investment banking firm Morgan Stanley and hedge fund manager Hillhouse Capital, and included Yonghua Capital and Vision Knight Capital, according to Chinese technology news source 36Kr.
Golden Education provides training for employees in the financial services industry, helping them to fulfil roles such as financial officers, accountants, financial managers and general finance department team members.
The company also runs certified training schemes for specific qualifications and operates more than 20 training centres across China. Its customer base includes more than 50,000 businesses, according to China Money Network.
51Job provided an undisclosed amount of series B funding for Golden Education in the wake of $35m of series A capital from New Oriental in 2014. The former is also a limited partner in the $220m investment fund launched by New Oriental in August this year.
