Education startup to open a new chapter with advanced technologies

For its full-price class during the period, more than 67 percent of new students came from its original traffic, which increased 14 percentage points compared that of last year. The total number of students paying full-price classes also marked a 350 percent year-on-year increase to hit 1.71 million, she added.

Founded in 2015, Zuoyebang is an online after-school mentoring platform. It embeds with a complete set of educational technology solutions such as intelligent question correction and answering as well as livestreaming courses.

In late June, it announced that it has raised $750 million in its series E round of fundraising, after the country sped up embracing the online education sector amid the COVID-19 pandemic.

Led by FountainVest Partners and Tiger Global, the new round attracted such investors as Qatar Investment Authority, Sequoia Capital China and SoftBank Vision Fund. China TH Capital continues to serve as its exclusive financial advisor.

"With the fresh financing, Zuoyebang will continue to invest in the services as well as product research and development," Hou Jianbin, founder and CEO of Zuoyebang, said.

As of now, the company has accumulated over 800 million active users with over 170 million monthly active users, and 50 million daily active users.