The Tencent-backed online tutoring provider, valued at $15.5bn in October, has now raised a total of $2.5bn in 2020 alone.
Private equity firm Yunfeng Capital has invested $300m in Yuanfudao, a China-based online education provider that counts internet group Tencent as a backer, KrAsia has reported.
Yuanfudao combines a number of products including a livestreamed tutorial platform under its own brand, mathematics problem solving app Xiaoyuan Kousuan, online homework question repository Yuantiku and question search app Xiaoyuan Souti.
The company confirmed in October this year that it had closed a $1.2bn series G round led by investment firm DST Global…
