Tencent has supplied capital for Yuanfudao, the edtech company previously known as Yuantiku whose backers also include International Data Group.
China-based online education platform Yuanfudao has received $40m in funding from internet company Tencent, China Money Network reported today, citing local media reports.
Founded in 2012, Yuanfudao operates a mobile app that helps pupils in primary and secondary education prepare for their exams and communicate with teachers. It reportedly has 85 million users.
The company was previously known as Yuantiku, the name of its product that was originally part of Fenbi, a social media platform for students and teachers. Fenbi…
