Tencent, an existing shareholder in edtech provider Yuanfudao, has returned for a $120m funding round led by Warburg Pincus.

China-based online education platform Yuanfudao has raised $120m in a funding round that included internet company Tencent, China Money Network reported today. The round was led by private equity firm Warburg Pincus. Yuanfudao’s valuation has not been disclosed. Founded in 2012, Yuanfudao has developed a range of mobile apps that enable students in primary and…

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