Alibaba and SoftBank Vision Fund helped the online education services provider close a series E-plus round that hiked its overall funding to more than $2.9bn.

China-based online tutoring platform developer Zuoyebang closed a $1.6bn series E-plus round yesterday featuring e-commerce group Alibaba and telecommunications and internet group SoftBank’s Vision Fund 1. Hedge fund manager Tiger Global Management, venture capital firm Sequoia Capital China and private equity fund FountainVest Partners also participated in the round. It comes after Reuters reported in…

The rest of this content is only accessible to Corporate Venturing: News, Data, and Events - Global Corporate Venturing 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.