How education app Yuantiku found success with China's young test-taking 'robots'

China's educational system has long been a controversial topic with some critics saying the current exam-focused model turns students into "test robots".
One new app takes advantage of this focus however, aggregating hundreds of thousands of exercises for millions of students across the country.
"More than 13 million Chinese junior middle and high school students use our app for studying," Li Yong, founder and chief executive of mainland China's leading education site Yuantiku.com, told the South China Morning Post.
Li, 41, founded the company in April 2012 after working as a senior editor for the influential magazine Southern Weekly and chief editor of news portal NetEase portal for more than a decade. He now sets an example for China's media elite that they can be just as successful in start-ups.
This week, Yuantiku closed a US$60 million funding round, and its market value is estimated to be upwards of US$360 million, according to company data.