Founded in 2012, Yuanfudao counts Warburg Pincus, Matrix China and internet giant Tencent among its investors. The company said it has over 400 million users on its platforms. Photo: Handout Founded in 2012, Yuanfudao counts Warburg Pincus, Matrix China and internet giant Tencent among its investors. The company said it has over 400 million users on its platforms. Photo: Handout
Founded in 2012, Yuanfudao counts Warburg Pincus, Matrix China and internet giant Tencent among its investors. The company said it has over 400 million users on its platforms. Photo: Handout

Online education start-up Yuanfudao raises US$1bn as sector heats up on coronavirus impact

  • The Series G funding round will push the Beijing-based start-up’s valuation to US$7.8 billion, according to a company statement

Topic |   Start-ups
Founded in 2012, Yuanfudao counts Warburg Pincus, Matrix China and internet giant Tencent among its investors. The company said it has over 400 million users on its platforms. Photo: Handout Founded in 2012, Yuanfudao counts Warburg Pincus, Matrix China and internet giant Tencent among its investors. The company said it has over 400 million users on its platforms. Photo: Handout
Founded in 2012, Yuanfudao counts Warburg Pincus, Matrix China and internet giant Tencent among its investors. The company said it has over 400 million users on its platforms. Photo: Handout
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