Chinese online learning app Zuoyebang raises $750M – TechCrunch
U.S. investment firm Tiger Global and Hong Kong-based private equity firm FountainVest Partners led the six-year-old startup’s Series E financing round.
The announcement today further illustrates the opportunities investors are seeing in the online education sector in Asia.
In March, Yuanfudao said it had secured $1 billion in a financing round led by Tencent and Hillhouse Capital.
Reuters reported earlier this month that Zuoyebang could be valued at $6.5 billion in the new financing round.
According to research firm iResearch, the online education market in China could be worth $81 billion in two years.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
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