The online education provider pushed its total funding past $1.5bn in a round co-led by Tencent that valued it at $7.8bn.
Amid a nearly global lockdown and much apprehension around the Covid-19 pandemic, we reported two interesting deals in the mobility space last week.
Tencent is reportedly set to co-lead a round for online education platform Yuanfudao with an original target size of $1bn and a rumoured $7.5bn valuation.
The corporate-backed artificial intelligence technology producer is looking to raise $500m to $1bn as an alternative to going public.
Unnamed investors have added $1.2bn to a round already featuring AIA, Mitsubishi, Visa, SCB, Astra International,
Tencent, JD.com and Google that reportedly now totals near $3bn.
Alphabet-backed meat substitute provider Impossible said it plans to use the series F funding to shore up against expected disruption by the coronavirus pandemic.
Corporates Tencent and SoftBank invested in a $2.41bn round raised by real estate platform Beike Zhaofang at a reported $14bn valuation. The transaction is part of the broader real estate tech space which has seen a surge in valuations in recent years.
Alphabet’s self-driving car developer Waymo raised its first external funding in a round backed by its parent company and two other corporates.