Chinese K-12 language-learning service Vipkid wins $200m funding
Chinese K-12 educational platform Vipkid has gained $200m in a series D funding round led by Sequoia Capital China. Participants in what was reportedly the largest funding round in China's K-12 online sector included Yunfeng Capital, Matrix Partners China, Tencent Holdings and Zhen Fund. Tencent will work alongside Vipkid to develop cloud services, artificial intelligence and online education facilities, as well as cooperate with the Jack Ma Foundation to provide 100 schools in Chinese villages by the end of 2017. Vipkid offers one-to-one video sessions with US-based language teachers for Chinese children aged between five and 12.

Sequoia Capital China has led a US$200 million series D round in Vipkid, a Chinese K-12 online education platform, in what the company calls the largest funding round to date in the nation’s K-12 online education sector. Tencent Holdings Ltd., Matrix Partners China, Yunfeng Capital and Zhen Fund also participated in the round.