Tencent and DST Global led a USD2.2b Series G for China-based edtech Yuanfudao, with participation from Hillhouse Capital, Boyu Capital, IDG Capital, GIC Private, Temasek Holdings, Trustbridge Partners, CPE, DCP Capital Partners, Ocean Link, Greenwoods Investment, and Danhe Capital. The Series G, which comprised two tranches, the first led by Tencent and the second by DST Global, brings the company’s valuation to a reported USD15.5b. Read more