Beijing (PingWest)- Chinese online K12 education platform VIPThink has closed its Series B round of financing, which was led by New Oriental Education with the participation of online audio platform Ximalaya and venture capital firm DCM and Sinovation.

According to Chinese business data provider Tianyancha, VIPthink raised mutiples of RMB 100million from investors.

Founded in Guangzhou in 2006, VIPThink specializes in providing online mathematics courses to children aged between three and eight years old.