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Startups

SoftBank-backed Chinese startup Zuoyebang raises $750m

Deal highlights continued interest in Asia's online education sector

Zuoyebang has more than 50 million total daily active users and 170 million monthly active users.
WATARU SUZUKI, Nikkei staff writer | China

TOKYO -- Zuoyebang, the operator of a Chinese online tutoring service backed by SoftBank Group's Vision Fund, on Monday said it raised $750 million from a group of investors, in a sign of continued interest in Asia's online education market.

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