Online tutor Yuanfudao raises $120 million from Warburg Pincus, Tencent

HONG KONG (Reuters) - Chinese online tutoring company Yuanfudao said on Wednesday it raised $120 million from private equity firm Warburg Pincus and Tencent Holdings , putting it among a raft of unicorns valued at more than $1 billion in the world's second largest economy.

from Reuters: Technology News http://ift.tt/2rn8F4O