Chinese edtech startup KnowBox closes $150m Series D round led by Alibaba

Chinese edtech startup KnowBox closes $150m Series D round led by Alibaba

Students at the Shichahai sports school attend a class in Beijing, China, May 18, 2016. REUTERS/Damir Sagolj/Files

China’s online education startup KnowBox on Friday announced the completion of its $150-million Series D funding round led by internet giant Alibaba. The startup also announced an identity makeover by changing its name to SmallBox Technology.