Chinese online tutor Zuoyebang seeks up to $800m at $6.5b valuation

Photo: Internet Archive

Online tutoring startup Zuoyebang is in talks to raise $600-800 million in new funding round as the coronavirus pandemic encourages investor interest in education technology, two sources with direct knowledge of the deal told Reuters.

The five-year-old Chinese company is valued at $6.5 billion prior to the investment, the sources, who spoke about Zuoyebang‘s plans on condition of anonymity, said, adding that the talks were fluid and subject to market fluctuations.

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