Beijing-based online tutoring platform Yuanfudao has landed $300 million in the funding round.
The round was led by Chinese investment holding company Tencent, with the participation of existing investors Warburg Pincus, Matrix China Partners, and IDG Capital.
The latest round values Yuanfudao at over $3 billion.
With the net capital raised, Yuanfudao will enhance its online learning experience by leveraging artificial intelligence and other new technologies.