Baidu-backed online tutor Zuoyebang seeks new funding at $10 billion valuation - sources
Chinese online education startup Zuoyebang has started a new fundraising drive at a valuation of $10 billion, said two people with direct knowledge of the matter, as investor appetite for the sector continues to surge amid the COVID-19 pandemic
The company aims to raise around $650 million in the new round, said one of the people, who declined to be named because the information is private. Source: Reuters