China's Yuanfudao hits record valuation with $2.2b round
Yuanfudao, a Chinese education start-up that targets the K-12 segment, has raised $2.2 billion in Series G funding at a valuation of $15.5 billion, nearly double the valuation of its previous round, which closed in April.
The Series G comprised two tranches, the first led by Tencent Holdings and the second by DST Global. Other investors include Hillhouse Capital, Boyu Capital, IDG Capital, GIC Private, Temasek Holdings,...
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