FountainVest Partners and Tiger Global led a $750m Series E funding round in Zuoyebang.

Private equity firms FountainVest Partners and Tiger Global Management led a $750m Series E funding round in Zuoyebang, a Chinese online learning app, with participation from SoftBank’s Vision Fund, Qatar Investment Authority, Sequoia Capital China, Tiantu Capital and Xiang He Capital. The fundraising comes as education technology, known as “edtech”, is one of the few sectors that thrived in the pandemic as students were asked to take online classes from home after China imposed a lockdown.