Tencent-Backed Homework App Yuanfudao Jumps To $3B Valuation

Tencent-Backed Homework App Yuanfudao Jumps To $3B Valuation

Yuanfudao, a six-year-old homework application startup declared for the current week that it has effectively raised $300 million. The subsidizing round was driven by enormous name financial specialists including Tencent, China’s biggest person to person communication and gaming organization.

Different members to support the homework application incorporate Warburg Pincus, Matrix Partners China, and IDG Capital. The present financing has raised Yuanfudao’s valuation from $1 billion out of 2017 to $3 billion as of now.

0
Like
Save

Comments

Write a comment

*