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

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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.

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