On March 31, 2020, Yuanfudao announced the executive list completion of a new round of financing of US$1 billion. This round of financing was led by executive list Hillhouse Capital, followed by Tencent, Boyu Capital and IDG Capital. Yuanfudao’s post-investment valuation was US$7.8 billion. This is the largest financing in the education industry so far. After the completion of the transaction, Yuanfudao will also become the most valuable company among the unlisted companies in the education industry.
China's largest offline education and training executive list institution Good Future. In fiscal year 2019, the revenue of TAL Group was about 18 billion yuan. Yuanfudao Online Education was founded in 2012. The company owns a variety of online education products such as Yuanfudao, Yuantiku, Xiao Yuan Sou Question, Xiao Yuan Kou Shun, and Zebra AI Class. "Ape Guidance" is a leading brand of online courses for primary and secondary schools in China. "Zebra AI Class" provides executive list AI courses such as English,
Xiaoyuankousuan" provides users with intelligent learning executive list services such as intelligent practice, online Q&A, and homework correction. As the executive list first unicorn company in the field of K12 online education in China, it currently has more than 400 million users worldwide. Why has Yuanfudao developed so rapidly in the past few years? Why do so many users choose Yuanfudao? This article will analyze these aspects and take you to understand the development of the company and the entire K12 education industry.