Announced
Completed
Alibaba led a $1.6bn Series E+ round in Zuoyebang.
Financials
Transaction Value£1,179m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-
Sources
Tags
Private Equity
Minority
Friendly
Online and Social Platforms
scholars platform
China
Cross Border
Private
Single Bidder
Acquisition
Completed
edtech
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.
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