Tencent Leads $300M Investment In China’s Online Tutoring Unicorn Yuanfudao

China’s online tutoring unicorn Yuanfudao secured a US$300 million new round of financing led by its existing investor Tencent, which brought the company’s valuation to US$3 billion, said Yuanfudao in a statement released on its WeChat official account on December 25th.

China Money Network

Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and Tech

Register Now

Want to read this important story?

Access thousands of news articles and data posts over the past 9 years!

Already have an account or paid subscription? Log in