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Chinese Education Startup Zuoyebang Raises $1.6 Billion

By
Yunan Zhang
· · Source: The Information

Chinese online-tutoring startup Zuoyebang said it raised $1.6 billion in a new financing round. The investment is led by Alibaba, Tiger Global, Softbank Vision Fund and Sequoia Capital China, it said. Zuoyebang, founded in 2015, now has more than 170 million monthly active users, about 12 million of which are paid users, it said. It’s the second time Zuoyebang has raised money this year....

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