Tencent leads $300m round for Chinese online tutoring firm Yuanfudao

Photo by Jerry Wang on Unsplash

Beijing-based online tutoring firm Yuanfudao on Tuesday announced raising $300 million in its latest round of funding at a valuation of over $3 billion.

The funding round was led by Tencent Holdings and joined by Warburg Pincus, Matrix Partners China and IDG Capital.

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