iReader Technology leads Series B in Shulian, a reader service platform for educational books

Shulian, the reader service platform for educational book, announced that it has completed strategic financing of more than 100 million yuan. The leading investor is iReader Technology, with participation from Kefa Capital and others.

Shulian, the reader service platform for educational book, announced that it has completed strategic financing of more than 100 million yuan. The leading investor is iReader Technology, with participation from Kefa Capital and others.

iReader Technology is a leading mobile reading distribution platform in China, which was listed on the main board of the Shanghai Stock Exchange in September 2017 (SH: 603533).

Zhou Wei, Founder and CEO of Shulian, said that the proceeds will mainly be used to enhance the usage value of books, further optimize readers’ learning efficiency and experience; accelerate the mining of commercial value of books, and invest in upstream and downstream businesses.

Shulian is a product of Hangzhou Yeteam Technology. The company was founded in June 2014 and is headquartered in Hangzhou, Zhejiang Province, and has R&D centers and customer service centers in Beijing and Chengdu. At present, the company has more than 150 full-time employees, more than half of which are product research and development personnel.

Before this financing round, the company has completed financing of nearly 100 million yuan from various well-known venture capital institutions such as QC Capital, Kefa Capital, Tisiwi, and Yinxinggu Capital.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/03/ireader-technology-leads-series-b-in-shulian-a-reader-service-platform-for-educational-books/.

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