5 years ago
Zuoyebang Secures $750 Million to Transform Online Learning in China
Zuoyebang, a Chinese online learning platform, has raised $750 million in a Series E funding round led by Tiger Global and FountainVest Partners
The round saw participation from existing investors, including SoftBank's Vision Fund, Sequoia Capital China, Xiang He Capital, and Qatar Investment Authority
The investment brings Zuoyebang's total funding to $1.33 billion
The company plans to use the funds to further develop its AI-powered learning platform and expand its reach in the Chinese education market.
ProblemEducation
"Students in China need better access to quality education and learning resources."
Solution
"Zuoyebang is an online learning app that offers online courses, live lessons, and AI-powered problem-solving to K-12 students in China."