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 4 days ago
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Chinese online learning app Zuoyebang raises $750M – TechCrunch

Quick Summary

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.

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