Posts filtered by tags: Zuoyebang[x]


Chinese online learning app Zuoyebang raises $750M

Zuoyebang, a Beijing-headquartered startup that runs an online learning app, said on Monday it has raised $750 million in a new financing round as investors demonstrate their continued trust in — and focus on — Asia’s booming edtech market. U.S. investment firm Tiger Global and Hong Kong-based private equity firm FountainVest Partners led the six-year-old startup’s Series E financing round. Existing investors including SoftBank’s Vision Fund, Sequoia Capital China, Xiang He Capital, Qatar ...
Tags: Apps, Asia, Hong Kong, Education, China, Softbank, Funding, Tech, Beijing, Tencent, Qatar Investment Authority, Baidu, Tiger Global, Mary Meeker, Zuoyebang, Reuters

Chinese online tutor Zuoyebang seeks $600-$800 million at $6.5 billion valuation - sources

Online tutoring start-up Zuoyebang is in talks to raise $600-800 million in a new funding round as the coronavirus pandemic encourages investor interest in education technology, two sources with direct knowledge of the deal told Reuters.
Tags: Money, businessNews, Zuoyebang

China tells teachers to quit assigning homework through WeChat

China’s education authorities are about to take some burden off parents with school-aged children. A proposal posted last week by the Department of Education in China’s eastern province of Zhejiang said teachers should be banned from using WeChat, QQ or other mobile apps to assign homework or ask parents to grade students’ assignments. As mobile internet booms in China, phones have become an extension of daily activities, including school practices. Instead of announcing homework in class or han...
Tags: Asia, Learning, Education, China, Tech, Software, Beijing, Tencent, WeChat, Homework, Shenzhen, Zuoyebang, Department Of Education, Zhejiang, NetEase, Ministry of Education

Tencent-backed homework app jumps to $3B valuation after raising $300M

Academic exams are a big deal in China as they determine the kind of universities, high schools and elementary schools that students get into and to a degree, the future that awaits them. Parents are thus willing to invest generously to help their children get ahead in school. One startup capitalizing on this need is Yuanfudao, a six-year-old startup that has attracted a line of big-name investors. The company announced this week that it has raised $300 million in a funding round led by exist...
Tags: China, Singapore, Tech, Tencent, Zuoyebang, Temasek, Tencent China, Goldman Sachs Another, IDG Capital, Yuanfudao, Warburg Pincus Matrix Partners China, Baidu Coatue Management Sequoia Capital China, Yiqizuoye

Baidu’s video business goes independent and raises $155M from investors

 Baidu, China’s Google and an Uber investor, has continued its policy of spinning off promising business units. Following the spin-off of its student Q&A app Zuoyebang last September, Baidu Video has gone independent this week and raised RMB 1 billion ($155 million) in capital. Read More
Tags: Google, Fundings & Exits, Asia, Media, China, Tech, Baidu, Zuoyebang, Baidu China, Baidu Video

Baidu’s Student Q&A App Zuoyebang Lands Investment From Sequoia and Legend Capital

 Baidu, China’s largest search engine and an investor in Uber, is giving its Zuoyebang ‘after school’ service, which helps school students with their studies, wings of its own after it revealed that the business raised an undisclosed Series A funding round. Read More
Tags: Fundings & Exits, TC, Asia, Education, Baidu, Zuoyebang, Sequoia China, Legend Capital, Baidu China