Yuanfudao, one of China’s largest online education companies, has raised $1bn from investors including Tencent and Hillhouse Capital.
The fundraising, which values the company at $7.8bn, underscores how the coronavirus outbreak has boosted Asian “edtech” start-ups as millions of students have been prevented from attending school.
Yuanfudao, which offers online education products for K-12 students, said it saw a ten-fold increase in users over the past two months compared to the same period last year. The company suffered a two-hour system crash last month after 5m people took up its offer of free live courses.
您已阅读82%（615字），剩余18%（132字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。