News Snapshot:
BEIJING — Meishubao, a Chinese platform that teaches painting and drawing, just closed a $400 million Series C+ round led by Tencent , according to a post on Thursday on the WeChat account of Tencent Investment, the tech group’s investment unit. Shunwei Capital, BlueRun Ventures, BHG Long Hills Capital Management, Chuangzhi Capital and Bojia Capital all participated in this round. Meishubao, which is headquartered in Hangzhou, launched in 2014 with an online community called Meishubao Yikao aimed at high-school students in China hoping to major in art. Three years later, it expanded into management software for art training centers. Not...
