Aug 14, 2017-- China-based online education platform Zuoyebang announced the completion of a US $150 million Series C financing led by H Capital and joined by Tiger Fund. Sequoia Capital, Legend Capital, GGV Capital and Xianghe Capital were also among the early investors that participated, with China Taihecap as the exclusive financial advisor. This is the largest single round ever in the K-12 online education sector. Zuoyebang also announced the relaunch of the brand as zhibo.zuoyebang.com (which means "homework help" in Chinese).

Founded in September 2015, Zuoyebang offers high-quality teaching resources to K-12 students by leveraging technology and the internet, providing a high-quality solution to the demand for educational resources that go beyond and improve upon what is taught in the conventional classroom. Zuoyebang is one of the fastest growing apps of the past two years and has a more than 70 percent market share in the Chinese-speaking world with nearly 60 million monthly active users. At least one-third of primary and secondary students in China are active users of Zuoyebang. According to data from QuestMobile, Zuoyebang ranks first overwhelmingly in terms of monthly and daily active users, new users and user retention, among others indicators.

Source: https://www.prnewswire.com/news-releases/zuoyebang-completes-us-150-million-series-c-financing-and-unveils-a-new-live-classroom-brand-zhibozuoyebangcom-300525592.html