Baidu-backed online tutor Zuoyebang seeks new funding at $10b valuation

Baidu-backed online tutor Zuoyebang seeks new funding at $10b valuation

Visual of Zuoyebang homepage. October 2016.

Chinese online education startup Zuoyebang has started a new fundraising drive at a valuation of $10 billion, said two people with direct knowledge of the matter, as investor appetite for the sector continues to surge amid the COVID-19 pandemic.

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