Reuters exclusively reports Chinese education platform Yuanfudao valued at $7.5 bln in fundraising | Reuters News Agency

Reuters exclusively reports Chinese education platform Yuanfudao valued at $7.5 bln in fundraising

Reuters reported exclusively that Chinese online education platform Yuanfudao, which is backed by tech giant Tencent Holdings, is close to completing a financing round that would value it at around $7.5 billion.? Yuanfudao’s focus on online learning puts it in one of the few sectors that have seen a surge in investor interest as the coronavirus and school closures force students in China to attend classes via the internet.

Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Asia
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