Industry

Tutor App Zuoyebang Raises $750M from Tiger Global, FountainVest

Jun 30, 2020, 09:30am2020/06/30 09:35:56 Lu Zhao

Chinese online learning platform Zuoyebang announced on Monday it raised $750 million, showing continued investor interest in China’s education technology market.

US investment firm Tiger Global and Hong Kong-based private equity firm FountainVest Partners led the Series E financing round. Existing investors such as SoftBank’s Vision Fund, Sequoia Capital China, Xiang He Capital and Qatari sovereign wealth fund Qatar Investment Authority also participated.

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As the biggest K12 online education platform in China, Zuoyebang, which means “help homework” in Chinese, targets learners from kindergarten to 12th grade. The startup claims to have more than 170 million monthly active users.

Founded in 2014, Zuoyebang started as a platform under Chinese search giant Baidu where students could search for answers for their homework. Zuoyebang separated from Baidu<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> a year later, though Baidu<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> remains a shareholder in the company.

Zuoyebang offers online and livestreamed courses, as well as enabling users to photograph their homework problems and submit them to artificial intelligence to solve.

We also support Hindi language, do you want change to it?

हम यह भी हिन्दी भाषा का समर्थन है, आप इसे करने के लिए परिवर्तन करना चाहते हैं?

Yes(ह)

We also support Punjabi language, do you want change to it?

ਸਾਨੂੰ ਇਹ ਵੀ ਪੰਜਾਬੀ ਭਾਸ਼ਾ ਨੂੰ ਸਹਿਯੋਗ ਹੈ, ਤੁਹਾਨੂੰ ਇਸ ਨੂੰ ਕਰਨ ਲਈ ਤਬਦੀਲੀ ਚਾਹੁੰਦੇ ਹੋ?

Yes(ਜ)

We also support Bengali language, do you want change to it?

আমরা বাংলা ভাষা সমর্থন, আপনি এটি পরিবর্তন করতে চান?

Yes(হ)

We also support Burmese language, do you want change to it?

ငါတို့သည်လည်း, မြန်မာဘာသာစကားကိုထောကျပံ့သငျသညျကအပြောင်းအလဲလိုသလဲ

Yes(ဟုတ်ကဲ့)

We also support Nepali language, do you want change to it?

हामी पनि नेपाली भाषा समर्थन, तपाईं यसलाई परिवर्तन गर्न चाहनुहुन्छ?

Yes(ह)

We also support Tagalog language, do you want change to it?

Sinusuportahan din namin ang Tagalog wika, ang gusto mong pagbabago dito?

Yes(oo)

We also support Malay language, do you want change to it?

Kami juga menyokong bahasa Melayu, adakah anda mahu perubahan kepadanya?

Yes(yes)

We also support Indonesian language, do you want change to it?

Kami juga mendukung bahasa Indonesia, apakah Anda ingin perubahan untuk itu?

Yes(Iya)

We also support Thai language, do you want change to it?

นอกจากนี้เรายังสนับสนุนภาษาไทย, คุณต้องการที่เปลี่ยนแปลงไปได้หรือไม่

Yes(ใช่)