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% M# s+ Y8 f# ] The company views the new capital as two separate extension rounds of its March raise, a $1 billion Series G financing event. The G1 round was led by Tencent with participation from skechers Hillhouse Capital, Boyu Capital and IDG Capital. The G2 financing was led by DST Global, with participation from CITICPE, GIC, Temasek, TBP, DCP, Ocean Link, Greenwoods and Danhe Capital.Making sense of 3 edtech extension roundsThe money will be used to develop curriculum and expand Yuanfudao online educational service amid a larger boom in remote learning. In 2018, the company told TechCrunch that a majority of its revenue came from selling live courses. Its goal then was to fund and bring more AI into its products, and improve its user exp hoka winterschuhe erience.In the two years si reebok rabatt nce, Yuanfudao has doubled its total users to 400 million students across China. Today s funding suggests that it will push more live, online coursework and broaden out its closed loop system of learning.Currently, Yuanfudao offers a va |
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