February 24 - 17:02
55D
Yuanfudao eyes yet more funding - report
Chinese edtech giant Yuanfudao is targeting another sizeable funding round, reports Bloomberg. The Tencent-backed company looks set to raise yet more cash at a valuation of around $20bn. According to the report, it has held preliminary discussions with investors Boyu Capital and DCP Capital. Only last October it raised $2.2bn in new funding. Yuanfudao is China's leading online learning tool.
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