Investment and Financing
Baidu 's Xiaodu Technology completed independent financing, with a valuation of approximately RMB 20 billion
September 30, Baidu 's smart life business group business (referred to as "Xiaodu Technology") completed independent financing, with a valuation of approximately RMB 20 billion. This round of financing was led by Baidu Capital and CPE strategy, followed by IDG Capital. After the financing was completed, Baidu still has absolute control over Xiaodu Technology. Regarding Xiaodu Technology's independent financing, Baidu Chairman and CEO Robin Li said, "As one of the important businesses of Baidu 's company's AI strategy, we are very happy to see Xiaodu's achievements have been supported and recognized by external investment institutions. The conclusion of this financing transaction is an important thing for Baidu to incubate innovative business and collaborate with the company's core development strategy to form greater development potential energy. Milestone. In the future, Xiaodu Technology will collaborate more deeply and closely with the group's strategic business to continue to provide users with better smart life services."
Boshile Education will acquire 560% equity in Leti Camp Education html
September 29,Boshile Education (BEDU.US) announced that it will acquire Leti Camp Education (Leti Camp Education)'s 60% equity is expected to be completed in November 2020, provided that the customary transaction conditions are met and relevant regulatory procedures are completed. It is reported that LeTi Camp Education was established in 2017 and focuses on providing summer and winter summer camp activities for young people. It has inquiry-based science education (HIBL) and summer camp business products, and has provided services to nearly 100,000 students across the country.
Ambo Education announced that it will directly issue up to 1507538 shares of ADS
Ambo Education (AMBO.US) announced that it will directly issue up to 1507538 American Depositary Shares (ADS) to selected investors, each ADS represents two Class A common shares. Subscribers for this issue will also receive a subscription warrant, with a total of 603,016 American depositary shares for the first time, with an exercise price of US$4.68 per American depositary share. FT Global Capital, Inc. serves as the exclusive placement agent for the issuance. The total revenue from the issuance is approximately $6 million before deducting the fees of the placement agent and other estimated placement costs. The company intends to use the net income from the issuance as general working capital. As of the close of US stocks on October 5, Anbo Education fell 4.16%, with a quote of US$3.92.
Hongen Education announced its expected IPO pricing range, with a price of US$11 to US$13
Recently,Hongen Education (stock code: "IH") updated its prospectus, announced its expected IPO pricing range, and is preparing to issue 7 million ADS shares. According to the prospectus, Hongen Education is priced at US$11 to US$13 per share, and calculated in the middle of the issuance range, the fundraising this time is US$84 million. Based on the upper limit of the issuance range, the amount of funds raised is at most US$91 million. It is revealed that on the one hand, Hongen Education will continue to optimize and enrich the content of the existing APP and expand its user base, extending its tentacles to more low-tier cities and overseas markets. On the other hand, the company also plans to expand the population covered by products and services from 3-8 years old to 0-12 years old. The product disciplines in R&D involve multiple types to create a product portfolio that is different from competitors.
Lixiang Education login Nasdaq , and its stock price fell 18.92% on the first day
Recently, Lixiang Education Holdings Co., Ltd. (stock code: LXEH.NASDAQ) successfully logged on Nasdaq Exchange . The company is a private primary and secondary education service provider for Zhejiang Province, and its private education services mainly include primary and secondary education. According to public information, Lixiang Education issued 3.3334 million ADSs, with an IPO price ranging from US$9-11, and the funds raised were about US$30 million-36.67 million. As of the close of US stocks today, Lixiang Education closed at a price of US$7.50 per share, down 18.92%; the company's total market value was US$100 million.
Private education company Lianwai Education logged into the United States Nasdaq Exchange
Private education company Lianwai Education (NASDAQ: LXEH) was listed on the United States Nasdaq Exchange on October 1. Lianwai Education submitted an IPO application in the United States on September 10 and was listed at a 20-day rate. On the first day of listing, Lianwai Education opened at $10, up 8.1% from the IPO issue price of $9.25, but closed down 18.92% to $7.50. Lianwai Education was founded in 2001 and was founded by Ye Fen and his wife. Its headquarter is located in Lishui, Zhejiang. Its parent company is Lishui Mengxiang Education Development Co., Ltd. Lianwai Education mainly provides primary and junior high school education, and also becomes partners with a local public high school in Lishui to provide education for children returning from abroad. Lianwai Education said the proceeds will be used to invest in business expansion, including recruiting students and teachers, campus construction, maintenance and facility upgrades, and strategic acquisitions.
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Zuoyebang responded: The information on launching a new round of 650 million US financial funds is inaccurate
September 30th, it was reported that China's online education startup "Zuoyebang" has launched a new round of financing, seeking a valuation of about US$10 billion. According to people familiar with the matter, Zuoyebang plans to raise about $650 million in a new round of financing, and existing investors including Fangyuan Capital , SoftBank , Sequoia Capital China and Tiger Global Management are planning to participate in its latest round of investment. In addition, some new investors are expected to join. According to Whale Media, an insider from Zuoyebang said that the report was not accurate. At this stage, Zuoyebang is maintaining close communication with the capital market.
DingTalk and Yidianyidi complete framework cooperation: it will jointly promote the construction of digital and intelligent kindergarten
According to Duozhi.com, DingTalk's business department has completed the framework cooperation agreement with the preschool education Internet brand Yidianyidi. According to Wang Hongbing, founder and CEO of Yidianyi, the cooperation between the two parties is to jointly explore and promote the specific application of digital technology in the field of preschool education. Among them, DingTalk will be responsible for the construction and operation of the platform and system, while Yidianyi will be responsible for the output of content in the early childhood education industry.
Since the beginning of this year, 29 academicians of the two academies have said goodbye
On October 9, the official website of Beijing Normal University issued an obituary: Outstanding party member of the Communist Party of China, a famous physicist in my country, the founder of China's computational chemistry, an academician of the Chinese Academy of Sciences, and a professor of the School of Chemistry of Beijing Normal University Mr. Liu Ruozhuang died in Beijing at 0:35 on October 8, 2020 due to ineffective treatment of illness at the age of 95. Public information shows that Liu Ruozhuang, male, professor at the School of Chemistry, Beijing Normal University and doctoral supervisor, was born in Beijing on May 25, 1925. He joined the Jiusan Society in 1956, joined the Communist Party of China in 1984, and was elected as an academician of the Chinese Academy of Sciences in 1999. He is mainly engaged in the research of chemical bond theory and computational quantum chemistry. So far, the Republic has bid farewell to 29 academicians of the two academies in 2020. As the highest academic title established by the country in science, technology and engineering technology, academicians of the Chinese Academy of Sciences and academicians of the Chinese Academy of Engineering are both lifelong honors and are called "academicians of the two academies."
Liaoning: Schools and childcare institutions have newly discovered influenza 5 cases in one day, and can suspend classes
0 Liaoning Provincial Health Commission recently issued the "Emergency Plan for Influenza Pandemic Prevention and Control in Schools and Childcare Institutions", which clearly states that schools should establish an influenza pandemic prevention and control working group, strengthen the main leaders of schools and childcare institutions as the first responsible persons, and classes can suspend classes 5 cases in one day, and the class has newly discovered 5 cases influenza in one day. The plan stated that the school should monitor students' health status in real time. Once the students are found to have fever or flu-like symptoms, they should take measures as soon as possible, seek medical treatment in a timely manner, and take home or hospitalization treatment according to the doctor's advice. If 30 or more influenza-like cases with epidemiological associations occur in the same school within one week, or 5 or more hospitalized cases due to influenza-like symptoms (excluding outpatient observation cases); or 1 or more influenza-like cases die, it should be considered that influenza-like cases meet the emergency criteria.The school should report to the county-level disease prevention and control agency within 2 hours by telephone or fax. If the new flu-like cases are found in the class on the same day, the number of flu-like cases in the class reaches 30% or more; 2 or more laboratory-confirmed influenza hospitalization or deaths occur within one week (excluding outpatient observation cases). After being assessed that the epidemic may further spread, the class may be suspended and immediately reported to the local disease prevention and control agency.
Shanxi University of Finance and Economics reported on students' infectious diarrhea: norovirus infection, no food source was found
On October 8, Shanxi University of Finance and Economics issued a notice on students' infectious diarrhea. The notice stated that on October 7, the school and hospital experienced infectious diarrhea in the student during the treatment. After sampling and testing by the disease control department, it was determined to be norovirus infectious diarrhea. At the same time, after testing by Taiyuan Municipal Health Supervision Department, no patients were found to have the same food source and no problem with drinking water. After the incident, the school quickly launched an emergency plan, concentrated all symptomatic students to the school hospital for centralized treatment, focused on observation of an apartment floor where the onset occurred, disinfected the student dormitory, canteen, and classroom in a timely manner, carried out gastrointestinal disease prevention and control and health education among students, and took relevant measures to properly handle the problems of sick students in class. The school said that after treatment, the symptoms of the sick students have slowed down and some of the sick students have disappeared.
Post-80s professor at the University of Science and Technology won the Quantum Computing Award
On October 7th local time, the American Physics Society (APS) announced that it would award the 2021 Rolf Landauer and Charles H. Bennett Award in Quantum Computing to Lu Chaoyang , rewarding him for "excellent contributions to photo quantum information science, especially solid-state quantum light sources, quantum teleportation and photoquantum computing." It is understood that Lu Chaoyang was born in Dongyang, Zhejiang in 1982, graduated from , , and graduated from the Cavendish Laboratory of Cambridge University in 2011. He is currently a professor at the University of Science and Technology of China.
US Department of Justice sued Yale University suspected of racial discrimination in admissions
According to foreign media reports, the US Department of Justice officially sued Yale University on October 8 local time for suspected discrimination against white and Asian applicants during undergraduate admissions, which violated federal law. The complaint says Yale has largely and intentionally rejected many white and Asian applicants who meet the criteria in the past few decades. Yale University has not yet responded to the relevant lawsuit.
58.com established two education companies
day eye check data shows that 58.com affiliated company Beijing Wuba Information Technology Co., Ltd. recently established education companies in Qingdao and Chengdu: Qingdao Wuba Education Consulting Co., Ltd. and Chengdu Wuba Education Technology Co., Ltd. Among them, the registration time of Qingdao Wuba Education Consulting Co., Ltd. was September 17, 2020, with a registered capital of 30 million yuan. The company's business scope includes educational consulting services; information consulting services; health consulting services; housekeeping services; human resources services, etc. The registration time of Chengdu Wuba Education Technology Co., Ltd. is September 30, with a registered capital of 2 million yuan. Its business scope includes teaching equipment, computer software and hardware research and development; technology development, technical services, technical consultation, technology transfer, technology promotion; software sales; enterprise management; information consulting services; housekeeping services; health consulting services; human resources services, etc. Both companies are 100% controlled by Beijing Wuba Information Technology Co., Ltd., and both legal persons are Jia Lijun. His positions in the above two companies are executive directors and managers; Fu Lihua is a supervisor. The actual controller may be Yao Jinbo .
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