Chinese online education giant VIPKID has secured commitment from Tencent to lead the company’s latest round of financing.
Chinese technology giant Tencent Holdings Ltd. is confirmed to invest $150 million in VIPKid, an online English teaching and education company, according to Chinese media 36Kr.
The rapid technology development has greatly impacted people’s lives. Not only has it changed how people shop, pay, or date, it has also changed how people learn. Online education has come to the forefront in recent years.