Chinese edtech firm Yuanfudao doubles in valuation after $2.2b funding rounds

Source: Avel Chuklanov/Unsplash

Chinese online education platform Yuanfudao announced on Thursday that it has raised $2.2 billion from two funding rounds, which have almost doubled the unicorn’s valuation in less than seven months.

Beijing-based Yuanfudao is now valued at $15.5 billion, compared with $7.8 billion in March when it had pocketed $1 billion in a Series G round led by Hillhouse Capital. Yuanfudao also claims to be the world’s most valuable edtech unicorn.

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