Chinese edtech startup books $265M round

ClassIn, the Chinese developer of an interactive online classroom, has raised $265 million in a Series C led by Hillhouse. Tencent, SIG, Ince Capital and Gaocheng Capital also participated in the round, which follows a Series B of more than $50 million that the company raised from Ince Capital in July. ClassIn's platform is used by 20 million teachers and students in 150 countries.