The online education provider pushed its total funding past $1.5bn in a round co-led by Tencent that valued it at $7.8bn.

Internet group Tencent co-led a $1bn series G round for China-based online education platform developer Yuanfudao yesterday with investment management firm Hillhouse Capital, Reuters reported. Private equity firm Boyu Capital and venture capital group IDG Capital also participated in the round. The funding was secured at a $7.8bn valuation according to a company statement cited…

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