Announced
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Single Bidder
Private
Venture Capital
Private Equity
Acquisition
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Minority
Friendly
online education
Education Services
China
Domestic
education technology
Synopsis
Tencent led a $1bn Series G1 funding round in Yuanfudao, an online educator. The round saw participation from Hillhouse Capital, Boyu Capital, and IDG Capital. The new funding will allow Yuanfudao to further capitalize on its educational technology innovation, accelerate new curriculum product development and expand its online education service system.
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