SoftBank Vision Fund made its first investment in Baidu's online education spinoff as part of a series E round reportedly set to value it at $6.5bn pre-money.
China-based online tutoring service Zuoyebang closed a $750m series E round today that included telecommunications and internet group SoftBank’s Vision Fund, according to a company post on WeChat.
Private equity fund FountainVest Partners and investment firm Tiger Global Management co-led the round, which also featured Qatar Investment Authority, Sequoia Capital China, Tiantu Capital and Xiang He Capital.
Zuoyebang operates a platform where users can access online courses and homework assistance in addition to live tutoring conducted through video. It claims…
