SoftBank Vision Fund made its first investment in Baidu's online education spinoff as part of a series E round reportedly set to value it at $6.5bn pre-money.

China-based online tutoring service Zuoyebang closed a $750m series E round today that included telecommunications and internet group SoftBank’s Vision Fund, according to a company post on WeChat. Private equity fund FountainVest Partners and investment firm Tiger Global Management co-led the round, which also featured Qatar Investment Authority, Sequoia Capital China, Tiantu Capital and Xiang…

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