SoftBank Vision Fund Seeks To Invest $500M In Chinese Online Education Start-Up Zuoyebang

SoftBank Vision Fund is seeking to invest about US$500 million in China’s online education platform Zuoyebang, eyeing the country’s rapidly expanding internet education market. The fund is still finalizing terms of the deal with Zuoyebang and the details could change, said Bloomberg citing people familiar with the matter. The source asked not to be identified as the details are private. SoftBank Vision Fund and Zuoyebang did not immediately respond to China Money Network seeking for comments. SoftBank’s investment in Zuoyebang …

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