Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
Zuoyebang lands $1.6B for online education
China-based online learning app Zuoyebang announced that it has raised $1.6 billion in a Series E+ funding round, bringing total known investment to date to around $2.9 billion.
Backers in the round include Alibaba Group, Tiger Global Management, SoftBank Vision Fund, Sequoia Capital China and FountainVest Partners. The latest investment follows a $750 million fundraise in June. The funding comes as online education remains a red-hot sector for venture …
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