Chinese online tutor Zuoyebang raises over $1.6b from Alibaba, SoftBank, others

Chinese online tutor Zuoyebang raises over $1.6b from Alibaba, SoftBank, others

Photo: Internet Archive

Chinese online tutor Zuoyebang has raised more than $1.6 billion in a new funding round from investors including Alibaba Group and SoftBank’s Vision Fund, the company said on Monday.

Existing investors Tiger Global, Sequoia Capital China and FountainVest Partners have also participated, Zuoyebang said in a news statement, without disclosing its valuation in the round.

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