Tencent has led a series E round for VIPKid that reportedly could have been sized at as much as $500m, with the corporate in line to invest $150m.

China-based online tutoring platform VIPKid closed a series E round today led by internet company Tencent that earlier media reports suggested could be worth as much as $500m. Tencent is thought to have committed $150m to the round, although the corporate had briefly withdrawn its support in August. VIPKid was reportedly targeting a $4.5bn valuation…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.