Tencent Invests $40M In Venture-Backed Yuanfudao

education333333Tencent Holdings Ltd. has invested US$40 million in Yuanfudao, the largest strategic investment made by the Chinese Internet giant in the K-12 online learning and teaching sector, according to Chinese media reports. "Yuanfudao is building a brand new mobile and online education product," says Li Chaohui, a manager at Tencent's M&A arm. "Its products have […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Read the original article: China Money Network