China’s online tutoring unicorn Yuanfudao secured a US$300 million new round of financing led by its existing investor Tencent, which brought the company’s valuation to US$3 billion, said Yuanfudao in a statement released on its WeChat official account on December 25th. The US$3 billion valuation tripled the unicorn valuation — a valuation of US$1 billion […]

Tencent Leads $300M Investment In China’s Online Tutoring Unicorn Yuanfudao appeared first on China Money Network.