日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Yuanfudao raises $3.5b as e-learning sizzles among investors

By CHENG YU | China Daily | Updated: 2020-12-26 11:50
Share
Share - WeChat
A visitor looks at live broadcast equipment of online tutoring firm Yuanfudao during an expo in Beijing. [Photo by MAO XUQIAN/FOR CHINA DAILY]

Online tutoring firm Yuanfudao said it has raised funds worth $3.5 billion so far this year, after completing a new funding round of $300 million recently, as the online education sector continued to surpass other sectors in China in terms of financing deals.

Investment firm YF Capital was the investor in the latest round of funding, according to tech media 36Kr. Yuanfudao confirmed the news and told China Daily that it was "part of the fundraising plan". But YF Capital did not comment on the issue.

The new funding will take the valuation of Yuanfudao to around $17 billion, even as it became the world's largest unicorn in the education technology sector after its earlier financing rounds.

"Zuoyebang is another company that has attracted the attention of investors. The online education firm, which operates in the K-12, or kindergarten to 12th grade sector, is believed to have received a record funding from its latest financing round," said an early stage investor in Chinese education firms, who did not want to be named.

Yuanfudao, founded in 2012, mainly uses technology to offer online education services including livestreaming tutoring platform Yuanfudao and Zebra AI Class. The company is expected to earn a revenue in excess of 10 billion yuan ($1.5 billion) this year.

The Beijing-based company completed a $1 billion round of financing led by Hillhouse Capital in March and got another $2.2 billion in two rounds of financing from Tencent Holdings Ltd and DST in October.

"Most of the investors in Yuanfudao are top investment firms, which shows that the online education industry is receiving wide attention from investors both at home and abroad this year," he said.

Despite the general economic growth downturn due to the COVID-19 pandemic, online education has been one of the few growth areas in the country. The sector is expected to see more traction as the ensuing winter vacation may trigger fresh competition for student enrollments among the leading firms.

Jiang Kaiyang, director of investment bank Taihecap, said there has been an extreme differentiation in financing in the education sector this year. While leading education firms continued to receive funding easily, smaller ones have struggled.

Last year, there were 580 cases of financing to the tune of 16 billion yuan ($2.4 billion). The number of financing rounds shrunk to 305 this year, but 50 billion yuan has been invested so far, he said. "The average amount in a funding round rose by about six times from that of last year."

"Education firms' funding rounds have become fewer this year, but the average funds raised in a single funding round have risen," said Chai Mingyi, associate vice-president of New Oriental Education and Technology Group.

For venture capital and private equity firms, the ultimate goal of large-scale investment, especially in the education sector, is to help the companies list their shares on stock markets and maximize their exit returns.

"Starting this year, the education sector has been witnessing a change in the investor attitude. Investors no longer prefer gradual investments," said Chai from New Oriental.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 亚欧精品一区二区三区四区 | 国产酒店视频 | 91视频专区| 成人黄色在线观看 | 国产五月色综合 | 深夜爽爽爽gif福利免费 | 午夜视频一区二区 | 粉嫩粉嫩一区二区三区在线播放 | 国产成人小视频 | 久久精品中文字幕首页 | 韩国一大片a毛片 | 成人爽A毛片免费啪啪 | 新神奇四侠免费完整版在线观看 | 亚洲免费人成在线视频观看 | 国产色拍拍视频在线 | 久久777国产线看观看精品 | www视频免费观看 | 热er99久久6国产精品免费 | 亚洲高清在线观看看片 | 三级色视频 | 国产伦精品一区二区三区精品视频 | 亚洲美女亚洲精品久久久久 | 250pp久久新 全黄性性激高免费视频 | 国产人成| 在线看色片| 色天天天天综合男人的天堂 | 国产视频二 | 亚洲视频在线一区 | 久久亚洲在线 | 免费看在线偷拍视频 | 亚州综合 | 无遮挡又黄又爽又色的动态图1000 | 国产精品二区三区 | 性欧美18一19sex性高清播放 | 久草免费福利资源站 | 男人用嘴添女人下身免费视频 | 一区二区三区四区五区中文字幕 | 日韩日日夜夜 | 国产高清一区二区 | 国产成人99 | 久久成人免费网 |