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Tencent scraps plan to invest $150 million in Chinese education firm VIPKid: sources

Tencent scraps plan to invest $150 million in Chinese education firm VIPKid: sources

Postby smix » Fri Aug 30, 2019 8:54 am

Tencent scraps plan to invest $150 million in Chinese education firm VIPKid: sources
Reuters

URL: https://www.reuters.com/article/us-vipk ... SKCN1VJ143
Category: technologyNews
Published: Thu, 29 Aug 2019 22:04:16 -0400

Description: Tencent has shelved plans to invest about $150 million to lead a fresh fundraising round for Chinese education firm VIPKid, two people with knowledge of the matter said, as Beijing tightens oversight of online education platforms.
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