Chinese online tutoring start-up Yuanfudao raises $2.2 billion, values firm at $15.5 billion

Chinese online tutoring start-up Yuanfudao raises $2.2 billion, values firm at $15.5 billion

4 years ago
Anonymous $RGO3jP_V_c

https://www.reuters.com/article/us-china-yuanfudao/chinese-online-tutoring-start-up-yuanfudao-raises-2-2-billion-values-firm-at-15-5-billion-idUSKBN27704S

Beijing-based education technology startup Yuanfudao said on Thursday that it has secured $2.2 billion from major Chinese and international investors in two recent rounds of financing that it said lifts the company's valuation to $15.5 billion.