Hillhouse leads $1b round for China’s Yuanfudao
Chinese online education start-up Yuanfudao has seen its valuation soar to $7.8 billion on closing a $1 billion funding round led by Hillhouse Capital.
Tencent Holdings, Boyu Capital and IDG Capital also took part in the round. It comes 15 months after the company received a $300 million investment led by Tencent at a valuation in excess of $3 billion....
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