ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Online educator Yuanfudao raises $2.2bn as valuation doubles

One of China's 'most innovative companies' gears up for fierce cash-burning war

China's online tutoring startup Yuanfudao said it raised $2.2 billion in two funding rounds that gave the Beijing-based company a valuation of $15.5 billion, the highest among global education technology upstarts.

The first round of investment was led by social media giant Tencent Holdings with participation from Hillhouse Capital, Boyu Capital and IDG Capital. The second round was led by DST Global, according to Yuanfudao.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more