Warburg Pincus leads $120m round for China’s Yuanfudao
Warburg Pincus has led a $120 million round of funding for China’s Yuanfudao in what is said to be the largest-ever PE investment in the country's online tutoring industry.
The round - which also features existing backer Tencent Holdings - will see Yuanfudao become China’s first unicorn in online K-12 tutoring, with a valuation exceeding $1 billion. The company was founded...
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