iTutorGroup to graduate to $300m investment

Apr 25, 2018 • Thierry Heles

Alibaba and CyberAgent-backed online education platform iTutorGroup aims to secure up to $300m in a round that would double its valuation to about $2bn.

China-based online language learning service iTutorGroup, which counts e-commerce group Alibaba as an investor, aims to secure up to $300m in fresh funding, Bloomberg reported yesterday.

The round would value iTutorGroup at approximately $2bn but prospective investors have not yet been revealed. It will likely precede an initial public offering expected to take place in either Hong Kong or the US in 2019.

Founded in 2004, iTutorGroup operates a range of online services helping Chinese, Japanese and Taiwanese users to…

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