U.K., Jan. 7 -- In an announcement made by an online after school education startup - Zuoyebang - the company has raised more than US$1.6bn in a Series E+ financing round. INvestors included Alibaba, Tiger Global, Softbank Vision Fund, Sequoia Capital China, Fountainvest Partners and Ontario Teachers' Pension Plan Board (Ontario Teachers'). Taihecap was Zuoyebang's financial advisor for this round of fundraising.
With its new capital, Zuoyebang has reported that it will continue its focus on "developing its core business of live streaming courses, enhancing its strength in after school education technology and market penetration capabilities, and investing to strengthen and expand its existing product portfolios."
In June 2020, Zuoyebang ...