Tag: Hillhouse Capital Group

Online education platform Yuanfudao raises US$1b in funding

Lessons are increasingly being conducted online because of the impact of the COVID-19 pandemic. The demand has been a boon for online education platforms. China-based Yuanfudao has raised US$1 billion in a new financing from investors such as Tencent Holdings, Hillhouse Capital Group, Boyu Capital, and IDG Capital.