Zuoyebang is platform where scholars can seek answers to study-related problems and supply methods to peers who seek for assistance.
Zuoyebang, founded in January, 2014 and headquartered in Beijing, is a K12 Education photo search and problem solving APP. Established by Hu Changjuan and Hou Jianbin, the company has received financings from investors including Coatue Management, Goldman Sachs and Sequoia Capital China. Rivals that have direct and indirect competition with Zuoyebang globally include 17Zuoye and Yuanfudao.
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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
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