Online education serviceTutorGroup is closing a nearly $100 million USD round of Series B financing from Alibaba Group, Singapore investment companyTemasek and Qiming Venture Partners.

TutorGroup plans to use the funding to accelerate further growth across Asia market, and also expand its presence in the Americas. The company has raised $15 million in Series A from Qiming Venture and CyberAgent in 2012.

Founded in 2004, TutorGroup now runs four brands of English-learning site VIPABC, TutorABC, English-learning service for youthTutorABC Jr(8-18 years old) and TutorMing for Mandarin.

Source: Technode