Yuanfudao

Yuanfudao

Yuanfudao provides online live courses and tutoring.

Yuanfudao is a Chinese online education platform which is backed by tech giant Tencent Holdings. In March 2020 it annouced it was financing a round that would value it at around $7.5 billion.

The round of financing was led by Tencent Holdings (0700.HK) and private equity powerhouse Hillhouse Capital Group.

Between January and mid-March 2020, Yuanfudao ranked first in in-app purchases on the Chinese app store's education category, according to mobile app performance tracker App Annie.

Yuanfudao's estimated annual revenue for 2019 was $250.3 million.

Timeline

March 31, 2020
Yuanfudao raises $1 billion in a new financing round, led by Tencent Holdings and private equity firm Hillhouse Capital Group.
December 26, 2018
Yuanfudao raises a $300,000,000 series F round.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Yuanfudao series F round
300,000,000
December 26, 2018
2 Results
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People

Name
Role
LinkedIn

Shuai Ke

Co-Founder

Xin Li

Co-Founder

Yong Li

Co-Founder

Further reading

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Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Gené Teare
November 9, 2020
Crunchbase News
Global venture funding in October 2020, the first month of the final quarter of the year, held steady at $23 billion and followed a strong third quarter, according to Crunchbase data.
Manish Singh
June 29, 2020
TechCrunch
Zuoyebang, a Beijing-headquartered startup that runs an online learning app, said on Monday it has raised $750 million in a new financing round as investors demonstrate their continued trust in -- and focus on -- Asia's booming edtech market. U.S. investment firm Tiger Global and Hong Kong-based private equity firm FountainVest Partners led the six-year-old [...]
Reuters Editorial
March 31, 2020
IN
Chinese online education platform Yuanfudao said on Tuesday it has raised $1 billion in a new financing round, led by Tencent Holdings and private equity firm Hillhouse Capital Group.

References

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