Equities

Reuters exclusively reports Chinese education platform Yuanfudao valued at $7.5 bln in fundraising

Reuters exclusively reports Chinese education platform Yuanfudao valued at $7.5 bln in fundraising

Reuters reported exclusively that 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.  Yuanfudao’s focus on online learning puts it in one of the few sectors that have seen a surge in investor interest as the coronavirus and school closures force students in China to attend classes via the internet.