Baidu’s Zuoyebang Completes Series A Round

ZUOYEBANG: Despite concerns about the broader health of the Chinese economy, edtech startups continue to attract investor dollars in the Middle Kingdom. Zuoyebang, an app that allows students to ask other students for help answering questions, has raised an undisclosed sum in a Series A Round, according to TechCrunch. Funding came from Sequoia China and Legend Capital.

Zuoyebang is owned by Chinese search giant Baidu, but the raise suggests that it will be operated more independently in the future.

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