Unicorn

VIPKID races to the top of the class for e-learning

With its latest round of funding, VIPKID has cemented its position as the largest English e-learning site in China. The next challenge is to become profitable.
October 08, 2019

After months of rumour, Chinese online education unicorn VIPKID finally confirmed that it had completed it latest round of funding on Tuesday.

Tencent is the sole investor of its Series E fundraising. VIPKID hasn't released how much it has raised, but according to a source familiar with the matter it is understood to be around $150 million.

Both Reuters and Dow Jones confirm that Tencent had planned to invest $150 million in VIPKID. 

Even though Beijing has tightened its oversight of online education platforms, this hasn't stopped Tencent from doubling down on this online education unicorn. The Chinese internet giant was one...

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