Yuanfudao raises $120m led by Warburg, becomes China's first unicorn in online tutoring

Yuanfudao raises $120m led by Warburg, becomes China's first unicorn in online tutoring

From Warburg Pincus homepage

Chinese tutoring service provider Yuanfudao said it had raised $120 million in a new funding round led by global private equity firm Warburg Pincus, marking the largest ever financing round in the country’s online tutoring industry.

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