Achievements | Zhonglun W&D Assists Yunti Technology in Completing Nearly RMB 100 Million Series B+ Financing

Hangzhou Yunti Technology Co., Ltd., a full-industry-chain technical service provider for the educational publishing sector, recently announced the completion of a nearly RMB 100 million series B+ of financing. This series was led by the Anji Government Industry Fund. Prior to the series, the company had already secured several billion RMB in financing from numerous renowned venture capital institutions, including the listed company IReader Technology Co., Ltd., QC Capital Co., Ltd., Heroad Venture Capital Co., Ltd., ZJKF Capital Management Co., Ltd., Hangzhou Tisiwi Investment Management Co., Ltd., and Yinxinggu Capital Co., Ltd..

 A legal team from Zhonglun W&D Law Firm, comprising Senior Partner Yanzhou Zhang and team members Dan Lai, Chengming Ding, and Jialu Sun, provided comprehensive legal services throughout this round of financing, delivering full support and assistance in areas such as transaction document review and revision, deal negotiation and closing.

 Founded in Hangzhou in June 2014, Yunti Technology Co., Ltd. has established technology R&D and customer service centers in Chengdu and Beijing. As of July 2023, the company has served over 2,600 educational book publishers, capturing nearly 70% market share. It has integrated over 1 million educational book titles, served more than 240 million readers, and its platform boasts over 120 million annual active K-12 parent users. To build a moat for its educational publishing service industry chain, the company has invested in several education-related projects, including Three Hippos App, Shuli Youpin App, and Xindao App. These projects involve areas such as new media channel sales for books, private domain sales within the WeChat ecosystem for books, and application software for psychological services targeting the K-12 demographic. As a forward-thinking and innovative technology company, Yunti Technology Co., Ltd.’s profound understanding of the educational publishing industry chain and strong technical expertise have established it as a leading enterprise in the digitalization of educational publishing.

Yanzhou Zhang   Senior Partner

Email: zhangyanzhou@zlwd.com
Practice Areas: Capital Markets/Securities, Private Equity and Investment Funds, Corporate Mergers & Acquisitions

Dan Lai   Partner
Email: laidan@zlwd.com
Practice Areas: Corporate Listings and Securities Offerings, Tax Planning for Capital Transactions, Mergers & Acquisitions, Private Equity and Investment Funds

Chengming Ding  Attorney

Email: dingchengming@zlwd.com
Practice Areas: Domestic and Overseas Corporate Listings, Refinancing of Listed Companies, Corporate Investment & Financing, Mergers & Acquisitions

Jialu Sun  Attorney
Practice Areas: Corporate Governance, Chinese Mainland Capital Markets, Private Funds