China’s online education market is forecast to reach 269 billion yuan (US$39.39 billion) in 2019, from 156 billion yuan in 2016, according to iResearch. Photo: Alamy

Tencent invests further in Chinese online tutor Yuanfudao

Online tutor Yuanfudao’s latest round of financing from Tencent and other investors, has boosted its valuation to US$1 billion

Topic |   Start-ups

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China’s online education market is forecast to reach 269 billion yuan (US$39.39 billion) in 2019, from 156 billion yuan in 2016, according to iResearch. Photo: Alamy
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