Tencent-backed edtech platform Yuanfudao may close new round at $7.5b valuation

Tencent-backed edtech platform Yuanfudao may close new round at $7.5b valuation

Photo: Internet Archive

Chinese online education platform Yuanfudao, which is backed by tech giant Tencent Holdings, is close to completing a financing round that would value it at around $7.5 billion, two people familiar with the matter said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter