VIPKid, an online education company that matches Chinese students with North American teachers, raised US$200mil (RM856mil) as it expands into new markets and broadens its academic offerings.
Internet giant Tencent Holdings Ltd and Sequoia Capital China are investing in the Beijing-based company. Its existing backers include Sinovation Ventures and Jack Ma’s Yunfeng Capital. The startup’s valuation is now more than US$1.5bil (RM6.42bil), according to people familiar with the matter, who asked not to be identified discussing private details.