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Exclusive: Tencent-backed Yuanfudao near to close new fundraising at $7.5 billion valuation - sources

Exclusive: Tencent-backed Yuanfudao near to close new fundraising at $7.5 billion valuation - sources

Postby smix » Sat Mar 21, 2020 9:31 pm

Exclusive: Tencent-backed Yuanfudao near to close new fundraising at $7.5 billion valuation - sources
Reuters

URL: https://www.reuters.com/article/us-chin ... SKBN2170T9
Category: technologyNews
Published: Fri, 20 Mar 2020 03:44:30 -0400

Description: 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, two people familiar with the matter said.
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