Chinese online tutor Yuanfudao raises $2.2 billion, valuing it at $15.5 billion

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The series G1 financing was led by Chinese social media and gaming Giant Tencent, with participation of Hillhouse Capital, Boyu Capital, and IDG Capital, Yuanfudao said in a statement. The series G2 was led by DST Global, and other investors include CITICPE, GIC, and Temasek.

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