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New Oriental Founders Invest In Dating Site
EDU, Internet, Love21cn.com, New Oriental, Qian Yongqiang, Wang Qiang, Xu Xiaoping
Posted by: Tony Gao on Apr 26, 2007 | 18:04
Editorial Summary
Chinese online match-making website Love21cn.com has received a 40 million Yuan investment, Sina reports. The investment came from three of the co-founders of private education company New Oriental Education & Technology Group Inc. (NYSE: EDU): Xu Xiaoping, Wang Qiang and Qian Yongqiang, said the report. A March 2007 report said Love21cn would receive a US$10 million from Qiming Ventures. Qian Yongqiang also invested in Love21cn in 2003.
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