Announced

28 Dec 2020

Completed

28 Dec 2020

Alibaba led a $1.6bn Series E+ round in Zuoyebang.

Synopsis

Alibaba Group led a $1.6bn Series E+ round in Zuoyebang, a Chinese online learning app. Other participants included returning investors Tiger Global Management, SoftBank Vision Fund, Sequoia Capital China and FountainVest Partners. The latest financing brings Zuoyebang’s total raised so far to $2.93bn.

Principals

target

ZUOYEBANG

bidder

Softbank Vision Fund

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Market Context

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Seller Team (1)

hou jianbin

CEO at ZUOYEBANG

Manager

target

Deals

£ 1.79 B

Total Value

Bidder Team (5)

kazuhiko fujihara

CFO at SOFTBANK VISION FUND

Manager

bidder

Deals

£ 5.85 B

Total Value

anil l. crasto

CFO at TIGER GLOBAL MANAGEMENT LLC

Investor

bidder

Deals

£ 2.71 B

Total Value

daniel zhang

Chairman and CEO at ALIBABA GROUP HOLDING LIMITED

Manager

bidder

Deals

£ 43.68 B

Total Value

don valentine

Founding Partner at SEQUOIA CAPITAL

Investor

bidder

Deals

£ 4.46 B

Total Value

frank tang

Managing Partner at FOUNTAINVEST PARTNERS

Investor

bidder

Deals

£ 8.01 B

Total Value

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