Reuters reveals Chinese online tutor, valued at $6.5 bln, seeking funding

Reuters revealed that online tutoring start-up Zuoyebang is in talks to raise $600-800 million in a new funding round as the coronavirus pandemic encourages investor interest in education technology. Reuters sources said that the five-year-old Chinese company is valued at $6.5 billion prior to the investment, adding that the talks were fluid and subject to market fluctuations.