Yuanfudao provides live courses and tutoring through an online platform.
Yuanfudao, founded in March, 2012 and headquartered in Beijing, is a K12 online education institution. Established by Li Yong and Li Xin, the company has received financings from investors including Hillhouse, Tencent Investment and Warburg Pincus. Rivals that have direct and indirect competition with Yuanfudao globally include Huohua siwei and Zuoyebang.
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Zuoyebang and Yuanfudao Receive Fines of CNY 2.5 Mn
On May 10, the Beijing Municipal Bureau of Market Supervision issued an announcement that, according to the law, two off-campus education and training institutions, namely, Zuoyebang and Yuanfudao would be given an administrative penalty – a warning and a limited fine for false publicity and false pricing.
May 10, 2021 02:00 PM