Chinese online education platform Yuanfudao has closed a new $1 billion round of financing led by Hillhouse Capital and followed by Tencent, Boyu Capital and IDG Capital.
Episode 61 of Tech Buzz China is on K-12 edtech entrepreneurs, who are seeing their businesses grow instead of shrink in the wake of the coronavirus.
On November 29, Chinese online education company VIPKid denied the rumors on WeChat saying the company is going bankrupt.
Chinese online education giant VIPKID has secured commitment from Tencent to lead the company’s latest round of financing.
In episode 47 ofTechBuzz China, co-hosts Ying-Ying Lu and Rui Ma dive into a topic they have been wanting to cover for a while now: Chinese educational technology (edtech).