Sources: Tencent is investing $250M in Chinese online tutor service Yuanfudao at a valuation of $2.8B (Yunan Zhang/The Information)

Yunan Zhang / The Information:
Sources: Tencent is investing $250M in Chinese online tutor service Yuanfudao at a valuation of $2.8B  —  Tencent is investing a further $250 million in online education startup Yuanfudao at a valuation of $2.8 billion, according to people familiar with the matter.

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