Tencent-backed online learning platform developer Yuanfudao was reportedly valued at $15.5bn post-money in its series G2 round.
Yuanfudao, a China-based online education platform developer backed by internet group Tencent, has raised $1bn in a series G2 round led by investment firm DST Global, LatePost reported yesterday.
The round also featured seven or eight other investors and valued the company at $15.5bn post-money.
Founded in 2012, Yuanfudao offers livestreamed online courses for students at primary and secondary school level in addition to professional training for adults.
Reuters reported last month that Tencent, Hillhouse Capital and Boyu Capital…
