Company attributes
Location
B2X
Pitchbook URL
Number of Employees (Ranges)
5,001 – 10,0000
Number of Employees
30,000
Founded Date
2012
Total Funding Amount (USD)
2,500,000,000
Latest Funding Round Date
October 22, 2020
Business Model
Commerce
Subscription
Latest Funding Type
Latest Postmoney Valuation
3,000,000,000
Country
Other attributes
Company Operating Status
Active
Yuanfudao is a Chinese online education platform which is backed by tech giant Tencent Holdings. In March 2020 it annouced it was financing a round that would value it at around $7.5 billion.
The round of financing was led by Tencent Holdings (0700.HK) and private equity powerhouse Hillhouse Capital Group.
Between January and mid-March 2020, Yuanfudao ranked first in in-app purchases on the Chinese app store's education category, according to mobile app performance tracker App Annie.
Yuanfudao's estimated annual revenue for 2019 was $250.3 million.
Timeline
No Timeline data yet.
Funding Rounds
Products
Acquisitions
SBIR/STTR Awards
Patents
Further Resources
No Further Resources data yet.
