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Unicorns Yuanfudao and Zuoyebang raised more than $6bn combined last year as demand for online learning continues to grow, but some smaller players are running out of cash
Yuanfudao’s second tranche of its Series G funding follows the $1bn it raised in March, bringing its valuation to $15.5bn
Used by more than 3m students, unicorn Squirrel AI tracks learning outcomes in real time and adapts teaching, proving more effective than traditional methods
Coding lessons are most wanted by Chinese parents for their kids after English tuition, so hundreds of coding edtech startups have joined the fray
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