The latest round reportedly values the company at US$360 million.
The team behind Yuantiku previously operated another similar online platform called Fenbi.com, which was closed down in 2014. The team now focuses on building Yuantiku, a mobile app that provides exams and exercise databases for Chinese middle school and high school students.
IDG Capital invested approximately RMB10 million in the team’s series A financing round in 2012. The company then received US$7 million series B financing from IDG Capital and Matrix in 2013.
In July 2014, Yuantiku received US$15 million series C financing from Matrix Partners China and IDG Capital.