IDG EYES CHINA E-LEARNING PORTAL
AsiaInfo Services, January, 2006
AsiaInfo Services 01-12-2006 IDG Eyes China E-learning Portal BEIJING, Jan 12, 2006 (SinoCast via COMTEX) -- International Data Group (IDG), a global leading venture capital investor, had made an investment of up to tens of millions of dollars in TopStudy.com.cn, China's leading e-learning portal. Mr.
Zhang Hongchang, founder of TopStudy, did not disclose the specific amount of the investment but said that his company will carry out its second round of financing via private placement. TopStudy also planned to launch its initial public offering on the Nasdaq Stock Market within two years, according to the founder. Established in 2001, TopStudy was once the sole specialized one in the e-learning realm in China before 2003. After years of efforts, it...
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