Chinese online tutor Zuoyebang seeks US$600-US$800mil at US$6.5bil valuation - sourcesOnline tutoring start-up Zuoyebang is in talks to raise US$600-US$800 million in a new funding round as the coronavirus pandemic encourages investor interest in education technology, two sources with direct knowledge of the deal told Reuters.
The five-year-old Chinese company is valued at US$6.5 billion prior to the investment, the sources, who spoke about Zuoyebang's plans on condition of anonymity, said, adding that the talks were fluid and subject to market fluctuations